Financial Daily from THE HINDU group of publications
Tuesday, October 07, 2003
Markets (Oct. 6)
BL 2501664.09 (+37.51)
BSE Sensex4631.39 (+78.47)
S&P CNX Nifty1478.90 (+29.60)
US Dollar (Buy/Sell)45.39/45.52
Gold Std (10 gm)5625 (-155)

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MARKETS

TECHNICAL ANALYSIS


Bull domination
BULLS maintained their supremacy over Monday's trading activity. Their dominance left the bears with no opportunity to recover during the day's trading. The market sentiment reading of the tradable counters continues to remain bullish. Bear ... More

STOCK EXCHANGES


Stock exchanges plan joint trading platform
AFTER months of discussions, Indian stock exchanges have begun pooling infrastructure facilities to widen trading opportunities in low profile companies and survive the consequences of a shift in business to Mumbai-based exchanges. The Bombay ... More

STOCK MARKETS


Sensex tops 4600-mark
INVESTORS, institutional as well as retail, fuelled rallies in pivotal stocks today taking benchmark indices to new peaks, igniting hopes of a cracker of a Diwali, the festival of lights, three weeks from now. Anticipation of some ... More

ICICI Bank ADR hits year-high
THE ADR of ICICI Bank today flared up at open on the New York Stock Exchange. The ADR, which represents two local shares, hit a year-high of $14.65 before settling back to trade at $12.44 at 10.38 a.m. New York time. It also saw a record volume ... More

Reliance group stocks pushing all-time highs
THE stock market seems to be bullish on the Reliance Group companies as the stock prices of its flagship Reliance Industries Ltd (RIL) and Reliance Energy (formerly BSES) touched an all-time high in today's trading. Even IPCL, in which Reliance ... More

Mastek up ahead of results
The market players are accumulating stock of software company Mastek, ahead of the company's quarterly results. Dealers said several institutional investors, on expectation of good quarterly numbers, are buying the stock. Institutional ... More

Sustained buying interest in auto stocks
EXPECTATIONS of impressive quarterly numbers and sustained improvement in vehicles sales, revved up interest in auto stocks today, with many of the counters hitting new highs intra-day. Tata Motors, Bajaj Auto, Hero Honda, and TVS Motors ... More

Power utilities stocks glow brighter
STOCKS of power utilities companies shined brighter on the major bourses today on value buying by institutions and traders. The stocks of BSES, Tata Power, CESC and Surat Electricity were in the green at close with higher volumes on the Bombay ... More

DERIVATIVES MARKETS


Tata Motors, M&M attract attention
WITH the northbound movement at the stock markets unabated, the activity at the derivative segment on the National Stock Exchange remained buoyant on Monday. Turnover at the F&O section improved to Rs 8,671 crore as against Rs 7,481 crore ... More

FOREIGN INSTITUTIONAL INVESTORS


Record FII flow
FOREIGN Institutional investors continued to pour in the moolah even as SEBI today introduced new regulation seeking more disclosures from them, especially on investments through the participatory notes route. Net FII investment figure for a ... More

COMMENTARY


Rally continues; auto, PSUs favourites
THE markets witnessed a secular bull run across sectors for the sixth straight day. The BSE Sensex closed 1.72 per cent up at 4631.39 points. Stocks of tractor manufacturing companies, automobile stocks and PSU stocks were the day's favourite. ... More
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