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| The 30-share BSE Sensex gained 152.52 points last week to close at 4277.64 while the broader Nifty ended 45.40 points higher at 1356.55. Panic selling following the twin bomb blasts in Mumbai led the indices to crash on Monday.
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| However, the bulls were quickly back on track next session as overall buying support returned. The Sensex crossed the 4,200 mark for the first time since March 31, 2001, on Wednesday.
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| Flat trading saw the indices relatively unchanged on Thursday as gains in tech and pharma stocks offset losses in cement and steel counters.
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| Pharma scrips were again at the forefront on the last session of the week, as sustained buying helped the indices close higher for the fourth consecutive session.
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| HPCL
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| Last week's close (Rs) 430.50
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| Prev. week's close (Rs) 400.08
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| Week's high (Rs) 449.63
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| Week's low (Rs) 370.13
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| Last week's ave. daily turnover (Rs cr) 342.92
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| Prev. week's ave. daily turnover (Rs cr) 191.01
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| Futures close Sep-2003 (Rs) 423.20
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| Futures close Oct-2003 (Rs) 427.85
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| Futures close Nov-2003 (Rs) 0.00
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| Number of up/down moves 4/1
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| HPCL surged 7.6 per cent last week after the disinvestment process moved further. The government has opened the due diligence exercise to prospective bidders and Reliance has already started the procedure of scrutinisation of the company.
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| The exercise is expected to continue till mid-October after which price bids can be invited. The due diligence exercise has commenced in spite of facing strong opposition from the Oil Sector Officers Association (OSOA) which had threatened to block the process unless the government received a Parliament approval for the selloff.
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| The government, on the other hand, maintains it has the constitutional authority to hold, acquire or sell any of its property without a nod from Parliament.
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| TATA POWER
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| Last week's close (Rs) 193.65
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| Prev. week's close (Rs) 185.65
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| Week's high (Rs) 197.33
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| Week's low (Rs) 175.28
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| Last week's ave. daily turnover (Rs cr) 47.49
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| Prev. week's ave. daily turnover (Rs cr) 41.78
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| Futures close Sep-2003 (Rs) 198.15
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| Futures close Oct-2003 (Rs) 199.75
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| Futures close Nov-2003 (Rs) 0.00
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| Number of up/down moves 4/1
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| Tata Power has moved up in recent times on the back of the Electricity Act 2003 which has led to reforms in the power sector. The stock rose 4.31 per cent last week after state-run refining major Bharat Petroleum Corporation Ltd (BPCL) announced that it had submitted a financial bid to Tata Power for the acquisition of its 100 per cent equity stake in Tata Petrodyne.
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| Tata Petrodyne is a 100 per cent subsidiary of Tata Power and is engaged in exploration and production of oil and gas. Other players in the race for the Tata Power arm are Gail, ONGC, Hardy Oil, Cairn Energy, HOEC, Indian Oil Corp, Reliance and HPCL.
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| NALCO
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| Last week's close (Rs) 133.58
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| Prev. week's close (Rs) 133.53
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| Week's high (Rs) 141.85
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| Week's low (Rs) 122.00
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| Last week's ave. daily turnover (Rs cr) 27.98
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| Prev. week's ave. daily turnover (Rs cr) 27.88
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| Futures close Sep-2003 (Rs) 136.85
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| Futures close Oct-2003 (Rs) 0.00
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| Futures close Nov-2003 (Rs) 0.00
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| Number of up/down moves 2/3
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| Nalco surged on the back of the global uptrend in aluminium prices. The scrip hit a 52-week high of Rs 151 on Wednesday. The rise in price can be attributed to a firm trend in international aluminium prices even though the government put off the disinvestment in Nalco.
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| Aluminium prices are up with expectations of a recovery in global economy. The company is said to be among one of the lowest-cost producers of aluminium in the world.
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The stock was in the limelight recently after the company
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