Wednesday, July 14, 1999
HDFC Bank enters new bull territory
Till last Friday, HDFC stock remained in a narrow range of Rs 72-82 range for almost two months. However, with the last two days' move, the stock has moved above its resistance levels and has given a fresh break-out. In fact, on the closing basis, the stock has closed on an all-time high.
Retail investors turn market savvy
A retail investor could have made at least Rs 1100 if he had bought one share of Infosys on June 15. Under the demat regime, an investor can do so. That's only one example of the many fortunes that could have been lost or made in the last few weeks.
Majority of small exchanges mired in the red
India's smaller stock exchanges are slowly heading towards extinction. Data available with the Securities and Exchange Board of India (Sebi) reveals that at least eight stock exchanges are in the red and the incomes of several others are falling. In nine stock exchanges, more than 90% of the scrips listed have not witnessed any trades in the current fiscal.
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