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Saturday, January 08, 2005

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ESOPS


Natco Pharma ESOP
HYDERABAD: Natco Pharma Ltd has informed the stock exchanges its compensation committee constituted by the board of directors for the purpose of grant of ESOP met on Friday and granted 6-lakh stock options at an exercise price of Rs 10 ... More

TECHNICAL ANALYSIS


Bear run arrested
BULLS were successful in arresting the two-day long bear run. However, they could not gain much from the day's trading. The sentiment reading of the tradable counters continues to remain bearish. Bull domination on Monday is likely to reduce the ... More

STOCK EXCHANGES


`IndoNext will open up opportunities for SMEs'
INDONEXT, the alternative trading platform for small and medium enterprises, will open up opportunities for these entities both in the domestic and the international arena, the Finance Minister, Mr P. Chidambaram, has said. "Ten years from ... More

SEBI calendar for SEs' corporatisation
MUMBAI: The Securities and Exchange Board of India has published a calendar for the completion of demutualisation and corporatisation of stock exchanges. According to the calendar, exchanges have to complete the formalities associated ... More

STOCK MARKETS


Sensex rebounds, gains 53 points
AFTER the beating that the bourses took over the last two trading sessions, value buying helped prop the indices up on Friday. The Sensex regained 53.07 points and the Nifty gained 17.15 points, to close at 6420.46 and 2015.50, ... More

Market has ignored Reliance row: SEBI
THE stock market has chosen not to react to the ongoing tussle between the Ambani brothers - Mr Mukesh and Mr Anil - on issues relating to the future of the Reliance Group, the Chairman, Securities and Exchange Board of India, Mr G.N. ... More

Capacity expansion fuels energy
THE counter of Petronet LNG has been on the rise in the last few days. On Friday, the stock gained sharply to close at Rs 42.60, up 19.16 per cent, on the BSE with volumes of 12.54 lakh shares; on the NSE, it closed at Rs 43, up 20 per cent, with ... More

AP Govt order propels Aksh Optifibre
THE Aksh Optifibre stock bucked the selling pressure this week thanks to an Andhra Pradesh Government order worth Rs 400 crore. The Andhra Cabinet this week took the final decision. From Monday onwards the counter has been attracting increased ... More

DERIVATIVES MARKETS


Outlook may turn positive for M&M, OBC
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: M&M: The stock closed at Rs 528 in the spot market. The outlook may turn positive if the stock moves above Rs 537. The upside ... More

INVESTOR GRIEVANCES


Engineers India interim dividend: HC directs SEBI to act on grievance
THE Andhra Pradesh High Court has directed SEBI to immediately take appropriate action on the grievances of investors pertaining to the cancellation of 550 per cent dividend by Engineers India Ltd (EIL). The Court was responding to the petition ... More

REGULATORY BODIES & RULINGS


4 entities issued show cause notices for May 17 stock crash
FOUR entities have been issued show cause notices with regard to their activities on May 17, 2004, which led to the biggest ever single-day crash in the stock market, according to the Union Finance Minister, Mr P. Chidambaram. The names of ... More

COMMENTARY


Mid-cap pharma, bank stocks rebound
SIGNALLING a break from three consecutive sessions of tumbling values, the markets notched up gains on Friday's trading. Both the BSE Sensex and the Nifty closed the day with gains, but only after choppy trading saw both the indices swing sharply ... More
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