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Equity schemes doing better on market recovery: Crisil
Mumbai: Led by a recovery in the equity markets, the general equity scheme
returns have bounced back on the one-year rolling period (June 2001 to
June 2002), according to Crisil.
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Marginal loss on the bourses
Mumbai: For the fourth successive trading day, stock prices moved within a
narrow band. Friday's market action resulted in reducing the bull count. The
market sentiment reading of the tradable counters stands neutral.
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Exide Industries suspends buyback proposal
Mumbai: The Exide Industries stock today moved up to touch its 52-week high
of Rs 99. It, however, closed slightly lower at 98 on the National Stock
Exchange with a gain of about 9.56 per cent. On the Bombay Stock Exchange,
it finished at Rs 99.80.
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Sensex 30 companies up promotional expenditure
New Delhi: A Federation of Indian Chambers of Commerce and Industry survey's
findings show that Sensex 30 companies have had an increase in promotional
expenditure.
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IOC gains on revamp plans
Mumbai: Indian Organic Chemicals has been witnessing a steady rise over the
last few days. On Friday, the stock gained 6.76 per cent at Rs 21.75 with
volumes of 1.72 lakh shares on the BSE. The stock has been in demand on the
bourses.
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Sebi for letting in hedge funds
Mumbai: The Securities and Exchange Board of India is in favour of allowing
hedge funds to participate in the domestic capital markets, according to
SEBI chairman G N Bajpai.
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Sebi cancels CSE brokers' registrations
Mumbai: The Securities and Exchange Board of India has cancelled the
registrations of a number of broker, the Calcutta Stock Exchange informed
today.
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Dollar advances ahead of US jobs data
Mumbai: The dollar kept up its advance against the euro and the yen on
Friday, continuing its rebound from steep losses last week and anticipating
supportive news from a key US jobs report due later in the session.
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Re sheds 3 paise; gilts up
Mumbai: The rupee closed lower on Friday at 48.8375/8400 against the dollar,
as compared to Thursday's close of 48.8050/81. The domestic currency weakened by 3 paise due
to lack of dollar supply from New York, a fallout of the US Independence.
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Videocon, BPL scrips witness spurt on return to bourses
Mumbai: The scrips of BPL and Videocon International have witnessed a sharp
spurt after the Securities Appellate Tribunal ruling which set aside the
Sebi ban on the two companies from access to the capital market for allegedly manipulating their own
share prices in 1998.
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Mahyco-Monsanto sells entire biotech cottonseed stock
Mumbai: Mahyco-Monsanto Biotech Ltd has completed the sale of the entire
stock of 1.05 lakh packets of Bt (Bacillus Thuringiensis) cottonseed that it
had produced for distribution during the current year.
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