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Friday, August 20, 2004

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TECHNICAL ANALYSIS
Bull onslaught
BULLS took charge of Thursday's trading activity. Their supremacy during the day resulted in neutralising the sentiment reading. Further bull pressure on Friday is likely to change the sentiment reading in their favour. On the contrary, it is ... More

STOCK EXCHANGES
BSE launches new sectoral indices
WITH the view to provide the Indian capital market with sector benchmarks, Bombay Stock Exchange on Thursday announced the launch of new sector indices based on free-float methodology. The new sector indices launched included — BSE Auto, ... More

STOCK MARKETS
Sensex up 85.37 on all-round buying
IN a sharp turnaround in sentiment, all-round buying saw the market shrug of its losses with the BSE Sensex ending the day 85.37 points higher (a 1.69 per cent gain) at 5,123.65. The benchmark index had lost 64.66 points on Wednesday, its ... More

Atlas Copco gains on open offer talk
THE shares of multinational company Atlas Copco have been slowly rising in the last few weeks from around Rs 550 levels in the beginning of August to around Rs 675. On Thursday, the stock gained 2.38 per cent at Rs 673 on the BSE with volumes ... More

Higher oil price shifts focus towards IT stocks
WITH international oil prices ruling at historic high levels, market players have started buying IT stocks as they view this sector is not affected by oil price. Several broking firms have started advising their clients to shift their portfolio ... More

Mangalam Cement gains on valuation buying
TOUTED as a turnaround story, the stock of Mangalam Cement (MCL), the Rajasthan-based BK Birla group company, hit the 10-per cent upper circuit band on the bourses at close of trade. Post the BIFR rehabilitation package, the company has been ... More

DERIVATIVES MARKETS
SBI: Outlook negative, sell Sept futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segment on the NSE: SBI: The stock closed at Rs 433 in the spot market. The outlook appears negative. The downside price target is Rs 414. Sell ... More

REGULATORY BODIES & RULINGS
Market regulator prohibits Subhash Capital City from dealing in securities
SEBI has barred Subhash Capital City (SCCL), part of Kolkata's Subhash Projects group, from dealing in securities and accessing the market. Mr A.K. Batra, Whole Time Member, has passed an order under SEBI (Prohibition of Fraudulent and Unfair ... More

COMMENTARY
Oil, cement cos sparkle in broad-based rally
AFTER the knock they took on Wednesday, the markets staged a smart comeback , with the benchmark BSE Sensex gaining as much as 85.37 points to end at 5,123.65 points. The Nifty put on 27.40 points to breach the 1,600-point mark and settle at ... More

IPOS
Sah Petroleums IPO at Rs 35
SAH Petroleums Ltd is entering the capital market with an initial public offering of 90,80,000 equity shares of Rs 5 each for cash at a premium of Rs 30. The size of this IPO in value terms is Rs 31.78 crore. The IPO opens on August 30, 2004. ... More


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