Rupee steady; gilts rise
Mumbai: The rupee closed on Tuesday at 48.8375/8425 to a dollar, relatively unchanged from its previous closing levels of 48.83/84. Dealers said that the forex market was flat with the domestic currency trading in the narrow band of three
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RIL m-cap dips Rs 1,280 crore in seven days
Mumbai: Reliance Industries shareholders have witnessed an erosion in market capitalisation of Rs 1,280 crore in just over a week since the groups chairman Dhirubhai Ambani was admitted in the hospital.
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Narrow movement on the bourses
Mumbai: Tuesday's trading activity witnessed narrow movement. Bears were successful in terminating the two-day old bull run. The sentiment reading of the tradable counters stands neutral. Bull domination on Wednesday is likely to change the sentiment.
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Speculative interest in low-value stocks
Mumbai: Several stocks, whose share prices are ruling below par, have been in good demand over the last few months, with a good number of them gaining over100 per cent in value.
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Exide charges up on tie-up talk
Mumbai: Exide Industries moved up significantly on Tuesday on talks the company was entering into a joint venture with Bangladesh to outsource its battery products. According to market sources, the company has conducted a cost-benefit analysis.
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Vesuvius India gains onsteel sector revival
Mumbai: Signs of recovery in consumer industries, particularly steel, buoyed up the sentiment for the counter of refractory major, Vesuvius India. The scrip touched its 52-week high on Tuesday at Rs 85.90 on the National Stock Exchange.
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Tata Engineering carries downside
Mumbai: Calls on some top-traded stocks such as VSNL and ITC ended higher on Tuesday's trading at the NSE.
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Dollar recovers on strong US manufacturing data
Mumbai: The dollar rose by nearly one per cent to five-day highs against the euro on Tuesday, recovering on strong US manufacturing data and on the single currencys recent failure to break above the parity level.
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