Stocks cheer as North Block colour changes
New Delhi: The financial community on Monday appeared pleased with Jaswant Singh moving into North Block in place of Yashwant Sinha.
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NPA recoveries to fund MIP-95 redemptions
Mumbai: In an effort to provide maximum possible returns to MIP-95 unitholders, Unit Trust of India has said it will distribute the recoveries from non-performing assets to all the unitholders for next two years.
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Auditors ratify Sundaram MF schemes
Mumbai: Brahmayya and Company, auditors for Sundaram Newton Asset Management Co Ltd, have for the first time ratified certain conclusions drawn by the fund as part of its launch exercise. Sundaram MF has come up with three schemes.
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Bulls march ahead on the bourses
Mumbai: Bulls exerted further pressure over Monday's trading but were unable to gain much from the day's trading. Bears were successful to the extent of reducing the bull count by a considerable margin.
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'Century Enka stock is still undervalued'
B K Birla, director of Century Enka, on Monday dismissed the stock market rumours as 'speculative' that his group would sell its stake to Akzo Nobel, the joint venture partner in Century Enka.
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Jaiprakash up on unit sale talk
Mumbai: The construction and cement company Jai Prakash Industries witnessed increase in volumes and price on Monday. Volumes increased sharply from 7.05 lakh shares on Friday to 18.09 lakh shares on Monday on the BSE.
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Wipro in NYSE TMT index
New York: Wipro said on Monday that the company has been included in the New York Stock Exchange TMT index. The NYSE TMT index tracks the top 100 technology, media and telecom stocks listed on the exchange.
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Upside capped in Satyam, Tata Steel
Mumbai: Calls on all top-traded stocks ended higher on Monday's trading in the derivatives segment on the NSE.
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Hopes on fundamentals lift market further
Mumbai: The markets appeared to have got over the WorldCom issue as FII's turned net buyers towards the close of the previous week. Investors also appeared to be concentrating more on fundamentals as the earnings season is expected to bring in some good returns.
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