The Hindu Business Line : Tuesday, September 16, 2003

Bear onslaught
BEARS were in total command of Monday's trading activity. Their dominance left the bulls stranded. Bears gained substantially from the day's trading. The market sentiment reading of the tradable counters stands strongly bearish with no uptrend ... More

STOCK MARKETS

Sensex sheds 112 points on heavy selling
STOCK prices came crashing down today on heavy selling by investors who were believed to be booking profits from the scintillating run of the past week. The Sensex, the 30-share benchmark index of the Bombay Stock Exchange, lost 2.60 per cent ... More

HCL Tech falls 18 pc on institutional sales
THE HCL Technologies stock today slumped by around 18 per cent with a substantial sell-off over its recently announced fourth quarter results. On the NSE, the stock closed at Rs 162.75 (Rs 198.80). The counter saw a traded quantity of 78.60 lakh ... More

Heavy shedding in RCF
Bids below the reserve price for disinvestments of National Fertilizer Ltd had a negative impact on the stock of another public sector Rashtriya Chemicals an Fertilizers. Dealers said the selling in the counter of RCF was from the market ... More

BEML clocks good volumes
IN sharp contrast to an otherwise uncertain market, the stock of Bharat Earth Movers Ltd (BEML), clocked good volumes on sustained buying support from institutions. Intra-day trade saw the BEML stock hit a 52-week high of Rs 133.50 on the BSE ... More

DERIVATIVES MARKETS

L&T: Outlook positive, buy Oct calls
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options L&T: The outlook on this stock is positive. The upside price target is Rs 330. The downside risk level is Rs 261. Note ... More

COMMENTARY

All-round selling pulls down market
THE markets witnessed one more day of frantic selling, the third in a row. The BSE Sensex lost 112.03 points to close at 4193.83 points. The 50-stock Nifty closed 42.85 points lower at 1329.25 points. The PSU stocks were battered in an across ... More

IPOS

Vijaya Bank prices issue at a premium of Rs 14
Post-offer, the total equity capital would increase to Rs 433.52 crore from Rs 333.52 crore while the Government stake would come down to about 53.87 per cent from 70.02 per cent. More

IOB issue gets 7 times more subscription
INDIAN Overseas Bank's public issue has been subscribed 6.25 times over, according to sources. The issue, of 10-crore equity shares of Rs 10 each at Rs 24 per share, attracted 4.57 lakh applications. Sources said that against the eight crore ... More

TRENDS

Cos take to pref issue route as market booms
WITH stock prices rising over the last few months, several listed companies are taking advantage of the booming market by making preferential issue to various investors. The lists of the investors that are being offered the shares include ... More

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