Street Signs

It took Government intervention to save the blushes. Government's decision to increase FDI ceiling in telecom sector to 74 per cent from 49 per cent boosted sentiments at the markets, while PC chipped in with a remark that the government was committed to maintaining modest tax rates.

Still, the Sensex ended up on the losing side by a mile, thanks to heavy selling by frangipani earlier in the week.

Castro fund's fascination with the Jain Irrigation stock continues. In mid-September, the fund had bought some four lakh shares of the stock at Rs 172 levels. However, since then, the stock price had declined, which would have put off most prospective buyers. But Castro believes in the long term story and again made some purchases at the counter.

The fund's interest in the stock has stemmed from the fact that the company board had recently approved the merger of Terra Agro Technologies Ltd, an unlisted Indian company engaged in the business of cultivation and dehydration of vegetables for exports.

There has been plenty of buying interest at the Murudeshwar Ceramics counter of late. The latest to get into the counter is Reliable Fund who bought 1.5 lakh shares of at Rs 119 levels. In late September, another desi, Lion Fund had bought the stock at Rs 126 levels.

Big buying was also witnessed at the Greenply Industries counter. Uncle Sam was the most prominent among them, along with Ram Sundar fund. While the former bought four lakh shares, the latter is said to have bought two lakh shares. Both the deals took place at Rs 76 levels.