Sensex likely to face resistance at 4300 points
The market moved in a narrow range on Wednesday. After remaining dull in the first half, the software stocks showed a rally in the second part of day, and helped the Sensex to show a positive close.
BSE weighs options to join Global Equities Market
BSE is weighing options to join the Global Equities Market (GEM), proposed by New York Stock Exchange (NYSE) and eight other leading international exchanges which would collectively have a daily turnover of over 20 trillion dollars.
Nestle -- Limited potential for rise
The Nestle scrip had risen from around Rs 325 in mid-May to Rs 522, a gain of more than 60% in less than 3 months. The scrip is now under reaction. The scrip had hit a peak of Rs 654 in November, 1999.