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Sensex likely to recover on Nasdaq gains
Mumbai: The Sensex may recover to some extent on Wednesday, led by gains in technology stocks following sustained gains on the Nasdaq. The quarterly performances of some key companies are also likely to determine the trend of the market.
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US stocks mixed on profit-taking
Mumbai: An expected bout of profit-taking and a larger-than-expected decline in consumer confidence pressured stocks on Tuesday, but the market still managed to hang on to most of its huge rally. Technology stocks had a small advance while bluechips dipped lower.
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Steel majors top NPA list of UTI
Mumbai: Major steel companies account for a bulk of the gross non-performing assets (NPAs) of the Unit Trust of India (UTI), which was Rs 6,624.37 crore at the end of March 31, 2002.
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Bears regain control
Bulls were in control of the initial hours of Tuesday's trading. Later on, bears took over and were in total command of the day's proceedings. The sentiment reading of the tradable counters continues to remain bearish.
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FI support sought for Lyons Range
Kolkata: A Few weeks after their first meeting with the SEBI chief, stockbrokers in Kolkata are trying to revive their proposals before the market regulator.
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Pressure on revenue margins trips VSNL
Mumbai: The share price of international long distance (ILD) service provider VSNL has fallen over 20 per cent in the last week in anticipation of fall in revenues over the next few quarters.
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Novartis sees activity on rumours of P&G talks
Mumbai: Has the Novartis India stock missed yet another opportunity for a trend reversal? It closed weaker yesterday the Bombay Stock Exchange and the National Stock Exchange in the keeping with drop in overall sentiment.
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Widia India open offer at Rs 75?
Mumbai: Widia India was in the limelight on Tuesday. According to dealers, the market talk is that an open offer will be at a price of about Rs 75 per share for the minority shareholders. -
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Infosys sneaks through when others fall
Mumbai: After staging a fleeting recovery on Monday's trading, the BSE Sensex, not only breached the psychological low of 3000 points, but also stayed below that level during the day's trading.
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Rupee gains; gilts decline
Mumbai: THE rupee closed on Tuesday at 48.6850/6950 gaining seven paise against the dollar as compared to Monday's close of 48.75/76 in the forex market.
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domain - B : Indian business : News Review : 31 July 2002 : capital market