DSP Merrill fund raises tech, lifestyle portfolios
Mumbai: The changing nature of the economy has prompted DSP Merrill Lynch Opportunities Fund, one of the few thematic funds in the Indian market, to raise its exposure to technology, lifestyle and cyclical sectors.
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Marginal loss on the bourses
Mumbai: For the second successive day, stock prices moved within a narrow band. Bears were successful to the extent of terminating a few uptrend counters in the tradable list.
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Aftek Info moves up on acquisition talk
Mumbai: Aftek Infosys has moved up almost 17 per cent on the bourses since end-May on reports of the company acquiring a German firm. The cost of acquisition is said to be to the tune of $12 million.
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Bata revamp plan stirs retail interest
Mumbai: The Bata India stock continued to improve on major bourses on business restructuring buzz. Under a scheme of arrangement, some of the operations of Bata will move into Fashion Shoes Pvt Ltd and BDCL Enterprises Pvt Ltd.
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Divestment hopes lift MTNL
Mumbai: The share price of basic telecom major MTNL gained on Friday. The stock closed 8.21 per cent higher at Rs 143 on the BSE with volumes of 12.83 lakh shares. On the NSE, it ended at Rs 143.20, up 7.92 per cent.
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Reversal likely in BPCL
Mumbai: While calls on Reliance, Satyam and L&T fell that on MTNL, Tata Steel and HPCL rose during Friday.
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Large cap firms bounce back, others consolidate
Mumbai: Stocks of large capitalisation companies bounced back from the two-day spell of declining prices. The Sensex ended on Friday almost unchanged while Nifty recorded a marginal gain.
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Primary market headed for revival: Sebi chief
Mumbai: The primary market is headed for lot of action during the current financial year, with Securities and Exchange Board of India chairman G N Bajpai stating that around 200 initial public offerings (IPOs) are likely to hit the market.
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