Ear to the ground
UTI/BAT behind ITC rally?
The talk of UTI selling its stake in ITC to BAT was back in the market. But this time, the rumours seem to have picked up momentum. On back of the expectation that UTI will sell its stake to the British multinational, the ITC scrip shot up 6.65 per cent
on the BSE to end at Rs 737.70. Similarly, on the NSE, the scrip ended at Rs 732, up 6.70 per cent.
Impact
Exide Ind: Lukewarm response
THE proposal of Exide Industries to buy back up to 10 per cent of its equity at a price of Rs 70 per share is not likely to sustain trading interest for two reasons.
Off the ticker
Fresh life for some stocks
CERTAIN stocks move along with the market. Such stocks are back in action once again, thanks to the current rally, which has uncorked a fresh lease of life for them. Here are few stocks that peaked during the 1999-2000 rally and touched their nadir in th
e slump of 2000-2001; but they have shown signs of revival in recent times.
On the hedge
Good demand for November calls
THURSDAY'S trading in the derivatives segment continued to reflect a bearish outlook on the market. The following are some of the pointers from the day's trading:
Stocks
SEBI may probe L&T share price movement
THE Securities & Exchange Board of India (SEBI) is likely to investigate the share price movement of Larsen & Toubro Ltd (L&T).
Pharma scrips in limelight
THE 30-share Bombay Stock Exchange sensitive index (Sensex) staged a recovery from Monday's depressing start to the week. The Sensex closed up 2.02 per cent or 60.45 points to end Thursday's trading session at 3,049 points from the previous close of 2,98
9.35 points .
Technical Analysis
Nifty turns bullish
RIGHT from the initial hours of Thursday's trading, the bulls were in total control of the market. This led to the initiation of a fresh uptrend in the index. The bulls capitalised the day's entire move. It closed with a gain of 19 points with respect to
previous close. The market sentiment reading changed in favour of the bulls.
