Fast track
HDFC: Strong, sound investments
HOUSING Development Finance Corporation (HDFC) is the country's largest housing finance entity. The company's balance sheet size, over Rs 10,000 crore, gives it an opportunity to channel a sizable corpus into investments such as equity shares and debt.

Impact
GlaxoSmithKline - VRS is no big deal
GLAXOSMITHKLINE'S decision to go ahead with a VRS programme for about 622 employees in unlikely to have an immediate impact on its share price. The VRS is in keeping with the company's desire to eliminate superfluous cost, but a change in its valuation c an come about only when its sales show signs of picking up. - BL Research Bureau

Hind Oil - No open offer implication
HDFC'S proposal to acquire 1.3 million shares in Hindustan Oil Exploration from overseas promoter British Borneo Oil and Gas BV, may not leave a material impact on the stock price of the latter.

Stocks
IT buying interest keeps indices in positive territory
THE bulls managed to keep control over the market despite some disappointing news from the earnings front. There was some sustained buying interest in the technology sector.

Technical Analysis
Bulls march ahead
FOR the second successive trading day, the bulls were in total control of the market on Thursday. The bears were left stranded. The movement in Nifty was around 19 points. It closed with a gain of 15 points with respect to Wednesday's close. The sent iment of the market continues to remain bullish.

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