Fast track
DRL at the crossroads
DR Reddy's Laboratories (DRL) is at the crossroads. The company has begun to bring together the various arms of its group under one company as it prepares for a radically different environment. As part of its plan to prepare itself for a mo re competitive era, DRL also plans to tap the equity market in the US soon.

Impact
SSI: The spark of acquisition
THE proposed acquisition by SSI of the US-based AlbionOrion Company LLC through a composite cash-cum-stock deal is likely to spark trading interest in the stock.

John Fowler: No perk in buyback
THE proposed terms of the buyback programme of John Fowler may not enthuse the market.

Bharat Forge: Flat restructuring influence
THE proposed restructuring by Bharat Forge may not lead to any firm trends in the stock price.

Stocks
Market turns slippery on oil price concern
A COMBINATION of negative factors were at play which caused a rip-off at the domestic market. The overnight weakness at the NASDAQ market, the sustained firmness in international crude oil prices and the rip-off at the Asian markets cast a bearish overhang on the Indian market as well.

Technical Analysis
Steep fall
THE market witnessed a steep fall in the indices due to strong bear domination. As a result, a downtrend was triggered in both the indices. The sentiment of the market was in favour of the bears. The downtrend in the indices is likely to continue on Tues day. The strong bearish sentiment is likely to continue on Tuesday irrespective of bull or bear domination.

Page One | Index | Home