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Old
economy m-cap up in last six months
Mumbai: Investors in old economy stocks are a happy lot. Their
wealth has swollen by Rs 1,11,000 crore or 30 per cent (to Rs 4,81,000
crore) over the last six months, thanks to a sustained rally in small
and mid-cap stocks.
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Sebi
panel findings on buyback by month-end
Mumbai: The Securities and Exchange Board of India committee to
study the issue of buyback and delisting of shares is expected to
submit its findings by the end of the month, Pratip Kar, executive
director, Sebi, said.
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Rupee
strengthens, gilts rise
Mumbai: The rupee closed stronger by around 3-4 paise at
48.7950/80 per dollar on Wednesday, after having closed at
48.8375/8425 the previous day. The domestic currency opened at
48.8350/84 against the greenback.
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Marginal
gains on the bourses
Mumbai: For the second successive trading day, stock price
moved within a narrow range. Wednesday's market action resulted in
reducing the bear count by a considerable margin. The market sentiment
reading of the tradable counters stands mildly in favour.
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SSI
moves up on hive-off talk
Mumbai: The stock of the Chennai-based SSI Ltd has been in the
positive territory for over a month on the back of reports of the
company hiving off its training and software segments into two
separate entities.
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FII
interest lifts tech stocks
Mumbai: Infotech counters were buzzing today on the back of
increased buying by foreign institutional investors despite weak
global markets and uncertainty following the WorldCom fiasco last
week.
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Funds
show interest in ICICI Bank
Mumbai: ICICI Bank was in the limelight on Wednesday. The stock
ended 4.94 per cent higher at Rs 154.15 on the BSE, with volumes of
4.15 lakh shares. On the NSE, the stock ended 4.92 per cent higher at
Rs 154.35, with volumes of 10.44 lakh shares.
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Divestment
plans spur interest in HMT stock
Mumbai: HMT has been in the limelight on the back of news that
the company is divesting its stake in four of its key subsidiaries to
strategic partners. The stock has gained about 44 per cent in the last
couple of days.
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Dollar
rally loses steam as US stocks back in focus
Mumbai: The dollars recovery started to lose steam on
Wednesday as a buyback by wrong-footed dollar bears petered out and
longer term concerns about the US recovery and asset markets started
to reassert themselves.
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