FIIs turn to Indian bourses after US accounting scandals
Mumbai: FIIs have started pumping funds into the Indian bourses as the US markets are hit by accounting scandals. The markets have seen a net FII inflow of Rs 257 crore during the five trading days between 25 June and 1 July 2002.
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Rupee steady; gilts down
Mumbai: The rupee closed steady on Thursday at 48.8050/81 per dollar in a lacklustre forex market, as compared to Wednesday's close of 48.7950. Forex dealers said that the market was largely devoid of dollar demand.
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Tax savings funds seem to have sectoral bias
Mumbai: A look at the tax savings schemes of mutual funds indicates a large presence of technology and PSU counters which has lately prompted investors to ask whether these schemes are making themselves too susceptible to sectoral swings.
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Market remains indecisive
Mumbai: Thursday's trading activity witnessed narrow movement. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable counters stands bullish with no downtrend counters.
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Moser-Baer gains on Q1 expectations
Mumbai: Data storage company Moser-Baer India Ltd shares have been witnessing increased activity in the past few days on expectations of good first quarter financial performance.
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Shaw Wallace to seek foreign aid
Mumbai: Shares of Shaw Wallace hit the upper circuit on the bourses on Thursday on market rumours of the company looking for a strategic foreign partner. The stock closed at Rs 47.95, up 20 per cent, on the BSE with around 1.46 lakh shares.
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LML high on niche products
Mumbai: The counter of LML Ltd today hit its 52-week high of Rs 48.85 on the National Stock Exchange and Rs 50 on the Bombay Stock Exchange with volumes of around 6.08 lakh shares and 3.87 lakh shares on the respective bourses.
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Listing agreements must address debt market needs
Mumbai: The existing listing agreements of the stock exchanges need to be refurbished and geared in favour of the debt issues if a vibrant secondary debt market is to be developed in the country, according to the chairman of the Securities and Exchange Board of India.
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SDG product for BgSE Financials
Bangalore: SDG Software Technologies has deployed an automation solution for Bangalore Stock Exchange Financials to trade on the derivatives segment of the National Stock Exchange.
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Two sub-brokers, NSE member suspended
Mumbai: The Securities and Exchange Board of India has suspended two sub-brokers and one National Stock Exchange member on violations of SEBI regulations in the Amara Raja Batteries' case for one year, six months and three months.
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Sentiment turns positive, FIIs on the sidelines
Mumbai: Traders seemed upbeat about the state of economy, and bid up the share price of a number of manufacturing companies on Thursday. A small sell-off in key technology and consumer goods stocks, however, limited the gains made by indices.
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