KCSL investors get exit opportunity: The Rs 17.50 per share open offer to acquire 6,16,110 equity shares of Kiloskar Computer Services Ltd comes as an exit opportunity for the shareholders of the company. Given the low liquidity in the scrip, which is thinly traded on the Bangalore Stock Exchange, the shareholders can explore the opportunity of getting out of the counter although the offer price is at a 27 per centdiscount to KCSL's book value. The open offer price is at a 46 per cent premium to the KCSL scrip's last traded price of Rs 12 on the BgSE.

Former presidents for DSE election: The two groups led by former presidents Ashok Agarwal and Arjun Kapur are contesting Saturday's election to the Delhi Stock Exchange board on the plank of streamlining DSE operations as well as bringing back investor confidence. Kapur said that his panel's agenda is to bring back confidence of investors while Agarwal said DSE will have to carve out niche for itself as there is a tough competition among the exchanges. Unless that is done, DSE cannot be described as a big exchange.

Firm opening will bring rally: The outlook for sensex for next two three days is positive but the Monday opening will be very crucial. The heaviest of the lot, Hindustan Lever could play a major role. This week, the stock has fallen from a peak of Rs 1786 to Rs 1650, a fall of more than Rs 100 in five trading sessions. If one were to go by itspast track record, a recovery upto a level of at least Rs 1,700 will not require major efforts.

SKF Bearings can touch Rs 990: SKF Bearings stock had bottomed out at Rs 552 during the last week of October this year. Since then, the performance has been highly impressive. From this level, within a period of less than one month, the stock touched a peak of Rs 835. In its corrective phase, the stock reacted to Rs 717 by the beginning of this month. With the latest rally to Rs 850, the stock has not only formed a higher bottom but also moved above Rs 835 which was the resistance level. This is nothing but a pointer towards a bullish outlook.

Stocks rally in mixed trade on DSE: Led by Satyam Computer, infotech sector stocks spurted on the Delhi Stock Exchange on Friday following frenzied purchases by some overseas investors amidst huge short-covering and notched-up sizeable gains. Elsewhere, shares ended on a somewhat mixed note in cautious trading in view of second wave of air strikes by the USand the UK against Iraq. The DSE sensitive index ended marginally down by 0.61 point to close at 630.50 points.

Slight recovery in MSE: Stocks made a slight recovery to end with moderate gains in poor trading on the Madras Stock Exchange on Friday on fresh buying support. The MSE index closed 6.88 points higher at 3237.51 points against the previous day's close of 3230.63.

Jaipur SE operations come to a halt: The operations of the Jaipur Stock Exchange have come to a grinding halt as the broker members are shying away from installing their own trading terminals. Although the JSE has kicked off screen-based on December 10, there is hardly any trading on the bourse. With SEBI's recognition of JSE expiring on January 8, the watchdog may give a second thought before renewing the recognition.