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Bulls
take over the bourses
Mumbai: Bulls gained control over Mondays trading activity.
They gained substantially over the days trading. Stock prices
across the board rose sharply. Mondays market action resulted in
terminating all the downtrend counters in the tradable list.
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FII
limit up to 49 per cent in Zee TV
Mumbai: Foreign
institutional investors can now purchase equity shares and convertible
debentures of Zee Telefilms Ltd up to 49 per cent of its paid-up
capital through the primary and secondary markets.
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SEBI
gets powers for search and seizure
Mumbai: The government has decided to grant search and seizure
powers to the capital market watchdog, the Securities and Exchange
Board of India, in cases relating to insider trading and market
manipulations.
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Mid-cap,
small stocks excel in broad-based rally
Mumbai: A broad-based rally in stock prices was in evidence on
Monday as a host of mid-cap and small-cap stocks registered
significant gains in value. Technology stocks led the rally as 38 out
of 41 stocks in the BSE IT Index advanced.
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IBP
scrip loses 60% last month
Mumbai: Following the closure of the open offer by IOC at a
price of Rs 1,551 per share, the IBP scrip lost more than 60 per cent
last month.
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Markets
greet Indias peace move
Mumbai: The markets welcomed the governments decision to
allow Pakistan to use India airspace, which is aimed at defusing the
tension between the two countries.
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HM
scrips become a favourite
Mumbai: Ambassador
cars might not be the best pick anymore. But its maker Hindustan
Motors scrip appears to have become a favourite.
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SWCs
1,000-crore tax dues may affect SAB tie-up
Mumbai: Shaw Wallace
& Co, the No 2 spirit and beer company in India after United
Breweries, is facing tax liabilities of nearly Rs 1,000 crore, which
could pose a roadblock in its ongoing negotiations with South African
Breweries for a marketing tie-up.
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