Sensex crosses 4,300 mark
Mumbai: The BSE Sensex on Monday crossed 4,300 levels, touching the 30-month high levels on sustained buying support in stocks across sectors. The Sensex moving to free-float from today did not have any effect. Recording its fifth straight rise, the Sensex ended above the 4,300-mark at 4,324.76, gaining 80.03 points (1.89 per cent). On the NSE, the S&P CNX Nifty Index gained 19.40 points (1.456 per cent) to close at 1,375.95.

The markets mood was so bullish that the negative news of petroleum products price hike was ignored. Market player was quoted as saying that the markets have turned very risky as there has been a constant rise in the stock price without any correction.
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Raymond up on brand strength
Mumbai: Institutional investors have found Raymond Ltd's stocks lucrative. Dealers were quoted as saying that the active buying in the counter is after the sharp rise in the stock price of Arvind Mills in the last few months. Recently, a leading domestic broking firm bullish on Arvind Mills has recommended buy on Raymond stock.

Another factor for the interest in the counter is its huge retail outlet network across the country and strong brands. Other than the well-known suit-lengths, the company has brands such as Parx, Park Avenue and Manzoni. The company is also integrating the recently acquired Color Plus. The talk is that these brands would continue to explore opportunities for inorganic growth.
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Divestment snags fail to stop PSU stocks' journey
Mumbai: The public sector unit stocks are among the top picks of the market players. This is despite the disinvestment hurdles. The rising interest in the PSU stocks is evident from the BSE PSU Index touching an all-time high on Monday.

On Friday, the 44-share BSE PSU Index touched an all-time high of 3,050 before closing at 3,045. In the last one year (September 2002 onwards), the BSE PSU Index has provided a return of 91 per cent and since the beginning of this year; the returns are again 91 per cent. In comparison, the BSE Capital goods index had returns of 76 per cent in the last one year and 78.5 per cent since January.
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BSE investors' workshop in Hyderabad tomorrow
Hyderabad: As a part of the nationwide Securities Market Awareness Campaign kicked off early this year, the Bombay Stock Exchange (BSE) is holding the first of these workshops here on Wednesday in association with the Securities and Exchange Board of India and the Hyderabad Stock Exchange.

The BSE said the workshop will be inaugurated by Andhra Pradesh Chief Minister N Chandrababu Naidu. SEBI chairman G N Bajpai and BSE chairman S Jambunathan will be present.
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