The Hindu Business Line : Friday, April 01, 2005

Merven board okays pref shares conversion
MERVEN Drug Products Ltd (MDPL) has informed the stock exchanges that its board of directors at its meeting held on Thursday has approved allotment of equity shares to the holders of cumulative convertible preference shares (CCPS). The board ... More

TECHNICAL ANALYSIS

Bull domination
BULLS were in total command of Thursday's trading activity. Their dominance resulted in terminating most of the downtrend counters. The sentiment reading of the tradable counters stands mildly bullish. Bear domination on Friday has the ... More

STOCK MARKETS

Markets end fiscal on buoyant note, Sensex up 111 points
STOCK markets bounced back with a 111-point gain on the Sensex and ended the financial year on a happy note. Bullishness in the global markets gave a boost to the bourses, with the indices opening strongly and staying in the green throughout ... More

Hanil Era Text: Hopes on ethanol fuel it
SHARES of Hanil Era Textiles have been in demand in the last few days. However, the accumulation of the stock is not on account of the growth prospects for the textile sector, but for the ethanol plant the company has set-up recently. The ... More

Fertiliser stocks up on monsoon hopes
Hopes of a better monsoon on Thursday improved the sentiment for fertiliser stocks. GNFC was the biggest gainer (up 6.65 per cent), followed by Chambal Fertiliser 4.74 per cent, Deepak Fertiliser 4.50 per cent, Nagarjuna Fertiliser 4.20 per cent ... More

Jhunjhunwalas holding in Nagarjuna Const reaches 11.09 pc
THE equity holding of Mr Rakesh Jhunjhunwala, the Mumbai-based leading stockbroker, along with persons acting in concert, in the Hyderabad-based Nagarjuna Construction Company Ltd (NCCL) has now reached 11.09 per cent with the recent conversion ... More

DERIVATIVES MARKETS

NSE revises market lot for June contracts
CHENNAI: The National Stock Exchange has revised contract size/value for the following June month contracts, which would be available for trading from April 1. "The contracts with the maturity of April 2005 and May 2005 would continue ... More

Short reversals likely in SBI, Satyam, Ranbaxy futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE. The strategies are constructed to take advantage of short reversals in the futures prices. The recommendations may run counter to the primary trend. ... More

Programme on derivatives

COMMENTARY

Reliance, IT, steel stocks lead recovery
INVESTORS appeared to have thrown caution to the winds on Thursday, after a spate of losses over the last few trading sessions. The bulls had a hey day as the bears disappeared into the woods, they ruled the market for the entire day. The ... More

IPOS

IA board gives go-ahead for IPO
THE board of directors of Indian Airlines has given in-principal approval for the national carrier to tap the capital market. This would enable the airline fund its fleet acquisition as well as improve its debt-equity ratio. However, the IPO ... More

Gateway Distriparks lists with premium
THE stock of Gateway Distriparks Ltd (GDL) made a strong debut on Thursday, opening at Rs 90 and closed at Rs 112.50 after touching a high of Rs 118.50 on the BSE. The IPO price was Rs 72. Traded volumes on the BSE during the day were about ... More

Easy Bill plans public issue
EASY Bill, Rs 400-crore privately held division of the Hero group, plans to go public in 2007-08. The company, which allows customers to pay their power, phone and gas bills through the local convenience stores, will go public after it ... More

INVESTOR PROTECTION

Shareholders angry over BPCL-Kochi Refineries merger swap ratio
A SECTION of minority shareholders of Kochi Refineries Ltd, led by the Kochi Refineries Investors' Forum, is aggrieved over the declared swap ratio of 9:4 for the company's proposed merger with Bharat Petroleum Corporation Ltd. The swap ratio ... More

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