Rupee stable; securities dip
Mumbai: The rupee closed steady on Wednesday at 48.7850/79 against the dollar, similar to Tuesday's levels in a dull forex market. The domestic currency opened at 48.78/79. Forex dealers said that dollar demand and supplies remained evenly.
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Volatile movement on the bourses
Mumbai: Bulls dominated in the initial hours of Wednesday's trading. Later on, bears made a strong comeback and recouped their losses. The sentiment reading of the tradable counters stands mildly in favour of the bulls.
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Infosys results fail to cheer tech counters
Mumbai: Infosys Technologies' better-than-expected first quarter results brought little cheer for tech stocks on Wednesday as institutional selling dragged the market on the whole.
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Escorts sees uptrend ahead of results
Mumbai: Escorts hit 52-week high on the major bourses on Wednesday with significant volumes on expectation of an improvement in the fourth quarter results. The company is scheduled to announce its financial performance for the fourth quarter soon.
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Tata Chem sees heightened interest
Mumbai: Tata Chemicals is being accumulated of late continuously by a section of the market. There are several factors for the increased interest in the counter. Dealers said the rise in soda ash prices could be one of the reasons.
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Retail investors pull up B1, B2 scrips
Mumbai: Retail investors seem to be actively churning their portfolio and are making their presence felt in the B1 and B2 category stocks listed on the bourses.
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FIIs' stake in Apollo Hospitals falls
Chennai: Did foreign institutional investors' (FIIs) holding shares in Apollo Hospitals Enterprise time their exit well? It appears so, if the statistics on the shareholding pattern provided by the Bombay Stock Exchange are read with the price patterns.
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Good time for watch stocks; techs take a beating
Mumbai: The market on Wednesday ended on a negative note, trading in a narrow band for the second straight day. Technology stocks tumbled on sustained weakness in the tech-laced Nasdaq. While select blue chips remained firm, most others lost grip.
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