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Last-minute
buying boosts Dow
Mumbai: A last-minute burst of buying lifted stocks
to a mixed finish on Wednesday despite a disappointing
economic report and more accounting questions about AOL
Time Warner. Blue chips rose slightly, while technology
issues pulled back.
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Bear
run arrested
Mumbai: Bears dominated the initial hours of Wednesday's
trading but were unable to extend their grip over the
day's trading. Bulls came back strongly and recouped their
early losses.
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United
Breweries sees block deals
Mumbai: The United Breweries (UB) stock yesterday
witnessed unusual volumes on the Bombay Stock Exchange.
The price rise in the counter, however, was around 6 per
cent. After touching the day's high of Rs 126, it closed
at Rs 124.70.
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Poor
Q3 show pulls NIIT further down
Mumbai: Unchanged business fundamentals coupled
with disappointing third quarter performance have pulled
down the share price of NIIT by over 40 per cent in a
month's time, indicating a far from rosy future for the
Delhi-based education and software company.
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MFs
buying into Mastek
Mumbai: Mastek was in the limelight on Wednesday.
Volumes in the counter increased sharply both on the BSE
and the NSE. On the BSE, volumes traded were 55.51 lakh
shares compared to 21.32 lakh shares witnessed on Tuesday.
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LML
to delist from DSE
New Delhi: LML Ltd, the two-wheeler manufacturer,
has decided to delist its shares from the Delhi Stock
Exchange (DSE). The company has informed the DSE that
in its meeting held on July 29, the board of directors
`have decided to voluntarily delist its shares'.
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IT
stocks recover lost ground
Mumbai: After sinking below the psychological 3000-point
mark on Tuesday's trading, the BSE Sensex ended on a flat
note during Wednesday's trading. The BSE Sensex closed
for the day at 2987.65 points, down by 3.26 points.
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Re
strengthens; gilts bullish
Mumbai: THE rupee closed marginally stronger on
Wednesday at 48.66 per dollar as against Tuesday's close
of 48.69 in a dull forex market. The domestic unit opened
at 48.68/69, but strengthened on account of long dollar
liquidation.
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