Dow suffers fourth triple-digit loss
Conflicting economic reports frustrated investors, prompting them to bail further out of the stock market. The Dow Jones industrial average plunged as much as 201 points before trimming its loss to 117 on Friday, its fourth triple-digit drop in five sessions.
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Initial gains not held.
Mumbai: Bulls were in control during the initial hours of Friday's trading. Later on, bears took over and wiped out their day's losses. Neither the bulls nor the bears could gain much from the day's trading.
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Volatility in Hinduja TMT
Mumbai: Hinduuja TMT witnessed increased volatility on Friday. Speculation in the market was that there could be some accounting `issues 'in the company's financials. The stock moved 15 per cent in intra-day.
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Puts on Tata Engg may be profitable
Mumbai: The following are some buy/sell strategies based on the Friday's trading in the derivatives segment at the NSE: Equity options: The immediate outlook on Tata Engg appears negative.
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SebiI sets up tech panel for T+1 settlement
Mumbai: The Chairman of the Securities and Exchange Board of India, Mr G.N. Bajpai, has set in motion the initiative to realise his dream to move the stock exchanges to the T+1 settlement system.
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Sebi supersedes UPSE board
Mumbai: The Securities and Exchange Board of India yesterday superseded the board of Uttar Pradesh Stock Exchange (UPSE) due to various irregularities and non-compliance issues such as allegedly unauthorised carry forward transactions.
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PSU, tech stocks arrest market slide
Mumbai: PSU and technology stocks arrested the two-day slide in the markets to some extent and helped it close on a positive note on the last trading day of the week.
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Nalco domestic offer in Oct; ADR in Feb
New Delhi: The Government has indicated an October date to sell 10 per cent Government stake in National Aluminium Company Ltd (Nalco) in the domestic market followed by a 20 per cent ADR offering in next February, with a strategic sale of 29.15 per cent
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Rupee touches 3-month high on $ inflows
Mumbai: The rupee touched a three-month intra-day high on Friday at 48.7650 against the dollar before closing weaker at 48.77/78 against the greenback. ``The appreciation was due to the exorbitant amount of dollar inflows coming into the market.
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