Reducing war fear results in Sensex rising 83 points
Mumbai: The easing of border tensions has brought back the much-needed positive sentiment to the stock markets, leading to an across-the-board buying on Tuesday. War fears had pulled down many stocks.
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HDFC Mutual suggests floating-rate scheme
Mumbai: The concept of floating rates has caught the attention of HDFC Mutual Fund, which has mooted an income scheme based on it. The offer document has been sent to the securities regulator for clearance.
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Bulls rule the roost again
Mumbai: Bulls were in total command of Tuesdays trading activity. Stock prices firmed up for the second successive trading day. Bear domination on Wednesday is likely to reduce the bull count by a considerable margin.
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IBP shares witness huge volumes
Mumbai: IBP Ltd shares on Tuesday witnessed huge volumes along with the rise in the share price on the bourses amid rumours of heavy buying by Indian Oil Corporation, which recently bought over the 33.58-per cent government stake in the company.
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Sharp spurt in SAIL scrip
Mumbai: The sharp spurt that the scrip of Steel Authority of India Ltd has witnessed in stock exchanges over the past one month clearly suggests that investors are more inclined to set store by the improving prospects of the steel sector in general.
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Tata Engineering, Zee Tele spurts maintain rally
Mumbai: Stock prices continued to rise as the momentum in the rally continued unabated on Tuesday. On the BSE the Sensex gained 2.5 per cent powered by the gains in the counters of Zee Telefilms and Tata Engineering.
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