Narrow movement on the bourses
Mumbai: Bulls failed to extend their pressure over Tuesday's trading. Stock prices moved within a narrow band. Bears were successful to the extent of terminating a few uptrend counters. The sentiment reading of the tradable counters stands neutral.
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Derivatives trading may help out SEs, feels SEBI
Mumbai: The Securities and Exchange Board of India has promised to consider the points made by regional stock exchanges, many of which are at their last gasp owing to lack of volumes.
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Reliance Stock didn't execute Rs 781-cr order: NSE
Mumbai: The National Stock Exchange has informed the Securities and Exchange Board of India Sebi that Reliance Share and Stock Brokers Ltd had put in a huge value of Rs 781 crore as buy orders in ALBM session of the exchange on 28 February 2001, which remained unexecuted.
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BSE launches new online confirmation system
Mumabi: The Bombay Stock Exchange has launched the on-line trade confirmation system though its website. Investors can confirm and verify their transactions done on the BSE by filing the details of their transactions from the contract note.
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CSE seeks SEBI's intervention on pending issues
Kolkata: In a memorandum presented to the Securities and Exchange Board of India chairman, employees of the Calcutta Stock Exchange have lamented that "CSE volumes have plummeted to an insignificant level." The very existence of the exchange is at stake, the memorandum stated.
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New BSE system to expand Internet trading
Mumbai: The Bombay Stock Exchange has launched i-BAT (Internet-enabled broker administration and trading terminals), its Internet-enabled branch and sub-broker trading system. This system will enable all members of the BSE to start offices anywhere.
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Jaiprakash at new high on accord over Iraqi dues
Mumbai: The Jaiprakash Industries counter on Tuesday hit the 52-week high of Rs 43.75 on the Bombay Stock Exchange and closed at the level of Rs 41.40 on profit taking on the National Stock Exchange. The combined volumes on the two exchanges were around 50 lakh shares.
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Institutions fancy Rolta India scrip
Mumbai: Software solutions provider Rolta India appears to be a current investor favourite, with both domestic and foreign portfolio investors increasing their holding 4.5 per cent between April and June 2002.
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Bhave panel wants companies to bear part of demat cost
Mumbai: A committee constituted by the Securities and Exchange Board of India to look into various aspects of reduction in the cost of dematerialisation to investors has recommended that companies be made to bear a substantial part of such costs.
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Nalco jumps on strategic sale talk
Mumbai: The share price of the public sector National Aluminium Company gained sharply on Tuesday on media reports that the government is planning to divest its stake first to a strategic partner.
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Satyam up on Sify stake sale reports
Mumbai: When most technology stocks were dull at the stock market, Satyam Computer continued to remain firm on Tuesday. The run-up in the stock price was attributed by market players to the stake sale by the company in its subsidiary Satyam Infoway.
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Auto stocks skid in narrow lane; Reliance firm
Mumbai: The stock markets moved in a narrow band on Tuesday after a bull run the previous day. While Reliance Industries and Reliance Petroleum marched ahead in a dull day's trading, automobile, technology and cement counters skidded.
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NTPC mulls 4-5% equity float
New Delhi: National Thermal Power Corporation recently sought an in-principle nod from the government for an initial public offering amounting to around Rs 1,450 crore, according to power ministry officials.
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Three oil PSUs to get nod for public offers jointly
New Delhi: The union ministry of petroleum and natural gas will seek the cabinet approval for public offers of three oil PSUs -- Indian Oil, Bharat Petroleum and Hindustan Petroleum -- jointly, Union Minister of Petroleum and Natural Gas Ram Naik said.
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Re firms up; gilts steady
Mumbai: The rupee closed firmer on Tuesday by around 3 paise at 48.79/7950 per dollar in a lacklustre forex market as compared to Monday's close of 48.8150/8200. Forex dealers said, that the market was largely devoid of any dollar demand.
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BSE 200 outpaces Sensex after 11 years
Mumbai: Investors on the stock markets have discovered over the past months that big is necessarily not hot as far as returns are concerned. Smaller and lesser-known stocks across sectors have stolen the thunder by recording smart gains.
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Hindalco may be bulk buyer of Nalco shares
Mumbai: About 75 lakh shares or 1.2 per cent of the equity of privatisation candidate Nalco changed hands and the stock soared 9 per cent on Tuesday, sparking speculation that rival producer Hindalco may have been the buyer.
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