Ear to the ground
Cement stocks up on price hopes
Stocks of cement companies have started attracting the market's attention once again. The revival in interest rests on the hope that cement prices are to go up again. This time, the hike is expected to be around Rs 5 per kg. Early this month, cement pric
es were up in the range of Rs 5-10 per kg across the country. Anticipating another round of hike, cement scrips led by ACC were in limelight today. ACC was up 9.75 per cent to end at Rs 139. Other scrips such as L&T, Gujarat Ambuja, India Cement, Madras
Cement and Birla Corp were up on aggressive buying.
Off the ticker
Strong rally in FAG Bearings
The recent rally witnessed since the September-11 attacks seems to have helped select stocks to achieve smart gains consistently. What is more interesting in these stocks is their volumes, which improved steadily during the last few trading days. The fol
lowing are a few such stocks.
On the hedge
Good demand in Nifty front-month contracts
MONDAY's trading in the derivatives segment saw heavy volumes in the front-month contracts. The October 980 calls were in good demand as were the 980 puts.
Stocks
Bank stocks send hazy signals
BANK stocks today sent an ambiguous signal in the equity market on the heels of significant measures announced in the busy season credit policy to boost liquidity and bring down the level of interest rates.
`RBI move will lure more investors'
THE Reserve Bank of India's (RBI) decision to cut CRR and bank rate would help in attracting more investors to the stock market, analysts and market experts have said.
Convergence stocks in limelight
THE stimulus provided by the Reserve Bank of India through its credit policy which reduced the benchmark bank rate from 7 to 6.5 per cent and cash reserve ratio from 7.5 to 5.5 per cent failed to enthuse the markets.
Technical Analysis
Volatile movement
MONDAY's trading activity witnessed volatile movement. Nifty opened with a bull gap of four points and went further by another 14 points. The bears came back heavily to wipe out the early gains made by the bulls. The index finally closed around Friday's
close. The sentiment reading continues to favour the bulls.
