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High carryover in range-bound market
A breakout is more probable, since the market rarely range-trades inside 150-200 points for extended periods.

Letters: Pandora's box
History repeats itself. It was the fast unto death of Potti Sriramulu that heralded the formation of Andhra Pradesh and the subsequent reorganisation of states on a linguistic basis in the 1950s. This time, it is Chandrasekhara Rao’s fast whose reverberations are indicative of the fact that another redrawing of the map is on the anvil.

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Offshoots of economic revival translating into shopping spree
Buoyed by optimism, offshoots of economic revival and more stable job market vis-à-vis 2009, the people are loosening their purse strings and splurging on shopping sprees to mark the arrival of 2010.
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FII-TO-FII TRADES: PNB traded at 7% premium

Trades between FIIs generated a volume of Rs 167 crore on the BSE Wednesday-an increase of 133.97% from Rs 72 crore clocked on Tuesday. As many as five stocks witnessed trades of 26 lakh shares on Wednesday. - GTL set to buy Aircel towers - Re rides high on capital inflows - Punjab Chemicals to raise Rs 200 cr via share sale - FIIs net sellers of Rs 286 cr in cash mkt today - Piramal Life Sciences slips on poor results - Bajaj Auto up on 3-fold jump in net profit Punjab National Bank was traded at highest premium of 7.01% on BSE with 1.40 lakh shares changing hands at Rs 984.35 as against the spot price of Rs 919.85. Pantaloon Retail (India) was traded at second highest premium of 5.62% on BSE with 80,750 shares changing hands at Rs 440.60 as against the spot price of Rs 417.15. Scrip FII Close* FII shares# Spot Close@ Premium To spot price % BSE Punjab Nat Bank 984.35 139895 919.85 7.01 Pantaloon Retail 440.60 80750 417.15 5.62 Grasim Ind 2917.45 73820 2827.90 3.17 Maruti Suzuki 1429.95 390655 1428.40 0.11 Bank of India 390.00 1871913 390.05 -0.01 * FII-Close is the closing price of the scrip under FII-to-FII trades # FII-Shares is the total number of shares traded under the FII-to-FII trades @ Spot close price is the closing price in the cash market Bank of India was traded at discount of 0.01% on BSE with 18.71 lakh shares changing hands at Rs 390 as against the spot price of Rs 390.05.


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