Markets sink to 9-month low
Mumbai: Shares on domestic bourses tumbled to nine-month lows on Friday as a wave of selling from Tokyo to London spooked investors, raising fears of a meltdown in the global stock markets.
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Sebi plans tougher norms for debenture trustees
Mumbai: Sebi proposes to tighten the regulations governing the role of debenture trustees. This follows reports of increasing number of defaults by issuers of debentures and the lack of concern on the part of the trustees.
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Bear onslaught
Mumbai: Bears were in total command of Friday's trading activity. Bulls were unable to make any impact during the day's trading. None of the counters in the tradable list is in the uptrend. T
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HLL market cap falls Rs 1,600 cr Analysts lower sights on poor monsoon
Mumbai: FMCG major Hindustan Lever Ltd (HLL) lost Rs 1,600 crore of its market capitalisation in a single day yesterday and more than Rs 19,000 crore over the past five months.
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Cipla firm on drug supply talk
Mumbai: Pharma major Cipla is one of the few stocks that showed some resilience on Friday. Market sources said that the pressure eased on rumours that the company is in talks for supplying either bulk or formulation drug that is currently under Para IV
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Sebi forms panel to consider full automation
Mumbai: Sebi has set up a committee to examine the feasibility of introduction of straight through processing (STP) to automate the entire process from trade initiation to settlement.
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IT stocks get a drubbing; ITC flares up
Mumbai: Stock prices across all segments registered a notable fall on Friday. The Sensex is now precariously poised just above the 3,000 levels a level that it has not seen since early November 2001.
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Rupee stable; gilts bullish
Mumbai: The rupee closed on Friday at 48.68/6850 against the dollar, almost unchanged from Thursday's levels, in an inactive forex market. Demand matched supply of the greenbacks in the market.
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