Fast track
Economy-sensitive stocks decline
ON Thursday, the stock of Exide Industries and Hindalco Industries sank to their 52-week lows. While Hindalco Industries was able to bounce back strongly before the close of trading, it remains in the negative territory as far as the past 15 trading sess
ions are concerned. Many more stocks, whose performance is linked to the growth of the economy, are also languishing.
Impact
Zee Telefilms: Unlikely to impress
THE sale of a sizeable stake by the promoters of Zee Telefilms may not lead to any significant and sustainable improvement in the valuation of the stock.
Hughes Software: Enhanced interest
THE proposal to raise the eligibility limit for foreign institutional investors may lead to a firm undertone in the Hughes Software stock.
Stocks
Record derivatives turnover at NSE
THE National Stock Exchange (NSE) today recorded the highest volume of turnover in the derivative segment since inception. The total value of the contracts traded at the NSE (Nifty futures, options and stock options put together) was Rs 128.15 crore.
CSE witnesses uptrend
CALCUTTA: THE CSE indices recorded gains on a day marked by increased buying. The CSE-40 closed at 1789.91, up from 1759.19, while the CSE-50 closed at 124.47, up from 122.73.
Markets show trends of revival
AFTER remaining in the negative territory for a long time the markets have started to revive in this week. Shares rose for the third straight day on Thursday as strong quarterly results from leading software companies and overnight firmness in the US mar
kets sparked a buying frenzy in technology stocks. The mood was so euphoric that even dismal data on industrial production failed to deter buyers.
Technical Analysis
Bull onslaught
RIGHT from the initial hours of Thursday's trading, the bulls were in total control of the market. However, the trend in the index remained sideways. The movement in Nifty was around 26 points.
