Ear to the ground
MRF touches 52-week high
TYRE company MRF Ltd has been witnessing active buying in the last few days. The scrip has been in focus after the acquisition of five per cent stake by stock broking firm Enam Securities from the market. There has been a continuous buying in the counter
after that.
Impact
Diamond Cables: Big order, but....
Diamond Cables bagging the Rs 88-crore order from the Tamil Nadu State Electricity Board may provide a temporary boost in stock price.
Ranbaxy Labs: On strong turf
Ranbaxy Laboratories has strengthened its position in the US market following the approval of the generic Acetaminophen and Codeine Phosphate tablets.
On the hedge
Positive trend in Reliance Petro
THURSDAY'S trading in the derivatives segment saw good demand for out-of-the-money calls on the index and individual stocks. Here are some of the pointers from the day's trading:
Stocks
S.S. Dalmia quits from broking firm board
MR SHYAM SUNDAR DALMIA, one of the 11 persons/entities recently notified by the Custodian in connection with the securities scam of 1992, has resigned from the board of the corporate broking outfit — Dalmia Securities.
Trading costs in India 2nd lowest
TRANSACTION costs in the Indian equity market are the second lowest in the world after the US.
Ranbaxy, Ray Ban in the limelight
THURSDAY saw mixed fortunes on the bourses. The BSE Sensitive Index opened lower today at 3284.32 points over Wednesday's close of 3294.12 points. The index moved in a narrow band and touched an intra-day high of 3296.98 points and dipped to its low of 3
270.27 points in the day. It finished the day at a slight drop at 3287.56 points, logging less than a 0.2 per cent slump in the process.
Technical Analysis
Bears upbeat
BEARS exerted further pressure on Thursday's trading. This left the bulls with no opportunity to recover. The sentiment reading of the tradable counters stands neutral. Thus favouring neither the bulls nor the bears.
