The Hindu Business Line : Thursday, March 20, 2003

Initial gains not held
BULLS were in control of the initial hours of Wednesday's trading activity. Later on bears took over and recouped most of their day's losses. Bulls gained considerably from the day's trading. The market sentiment reading of the tradable counters ... More

STOCK MARKETS

Bourses bounce back
STOCK markets heaved a sigh of relief today ahead of an imminent war with several weeks of uncertainty coming to an end. The gains in the international markets, led by US, also lent support to the domestic stock markets as indices closed ... More

ACC tumbles on SEBI `clean chit' to GACL
FOLLOWING a clean chit given by the Securities and Exchange Board of India (SEBI) to Gujarat Ambuja Cement Ltd on Takeover Code, ACC nosedived today as investors with huge positions in the counter sought to exit the stock. The stock closed at Rs ... More

Morgan Stanley hits 2-year high
MORGAN Stanley Growth Fund, a close-ended equity fund, whose units are traded on the bourses, today saw several block deals. A total of 1,78,800 units were traded on the Bombay Stock Exchange. "Its price jumped to its two-year high in opening ... More

Block deals in Corporation Bank
THE Corporation Bank stock today witnessed two block deals by which around 4 lakh shares changed hands on the Bombay Stock Exchange. Both the deals were struck at a price of Rs 129.50, lower than the previous closing price of Rs 129.70 on the ... More

HDFC rises on FII backing
AFTER falling on Monday, the stock price of housing finance company HDFC recovered on Wednesday. Dealers said the rise was mainly on account of increased interest from leading FIIs. The talks are that in the current uncertain environment, the ... More

DERIVATIVES MARKETS

Infosys: Outlook negative, buy April 4000 puts
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Infosys: The outlook on this stock is negative. The downside price target is Rs 3,830. The risk is that the stock ... More

FOREIGN INSTITUTIONAL INVESTORS

FIIs turn sellers on war fears
FOREIGN institutional investors (FIIs) have started offloading their investment in the country despite attractive valuations due to uncertainty over the fate of Indian equity market on the fears of US-led war against Iraq breaking soon. In the ... More

COMMENTARY

Market bounces back as war uncertainty ends
POST-Holi, with the uncertainty about the war in the Gulf almost turning into reality, the benchmark indices ended in positive territory on Wednesday. The BSE Sensex ended 36.2 points higher at 3121.1 points as compared to Monday's close of ... More

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