Many blue chips at 52-week low on BSE
Mumbai: Worries over the erratic monsoon and some disappointing quarterly performances have pushed down share prices to such an extent that several stocks are either quoting at their new 52-week lows or are close to attaining that level.
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Takeovers skirt open offer route
Mumbai: In the last five years ever since takeover code came into play and open offers started, a whopping 77 per cent of takeovers happened via the exemption route and only 23 per cent resulted in open offers.
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SEBI mandates MF trustees to meet once in 2 months
Mumbai: The Securities and Exchange Board of India (SEBI) has tightened the noose around trustees of mutual funds by making it mandatory for them to meet at least once in every two calendar months.
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Volatile movement
Mumbai: Friday's trading activity witnessed volatile movement. Bears extended their pressure over the initial hours of day's trading. Later on, bulls made strong comeback and recouped their losses.
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ITC gains on talk of UTI offloading
Mumbai: The share price of cigarette major ITC Ltd share rose sharply today on reports of that the finance ministry favoured the sale of UTI's stake, around 12 per cent, in the company. On the BSE, the scrip closed 5.67 per cent higher at Rs 674.50.
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Buyback note leads to spurt in D-Link India
Mumbai: The share price of networking company D-Link India Ltd rose by 10 per cent on Friday on the back of the announcement that the company's board would consider a buyback offer at its meeting next week.
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Trent up on FDI hopes
Mumbai: Trent has been in the limelight in the last couple of days. On Friday, the stock gained 5.74 per cent to touch Rs 140, with volumes of 19,300 on the BSE. On the NSE, it rose 5.45 per cent to Rs 140.10 with volumes of 33,998 shares.
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Sensex bounces back after hitting depths
Mumbai: Despite weak sentiment in the past few days due to the worsening drought-like situation, the stock market recovered on Friday from the day's low levels due to active institutional buying.
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SEBI cautions Jardine Fleming
Mumbai: The Securities and Exchange Board of India (SEBI) has warned foreign broking firm Jardine Fleming India Broking Ltd (JFIBL) and FII Fledgling Nominees International (FNIL), part of the Jardine Fleming group, for unusual transaction.
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Scattered rains revive FMCG, cement stocks
Mumbai: After three successive days of decline, the BSE Sensex finally ended in the positive territory on Friday. The BSE Sensex closed for the day at 2985.01 points, gaining 9.20 points during the day's trading.
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Rupee stable; gilts rally
Mumbai: THE rupee closed on Friday at 48.65 to a dollar in a range-bound forex market as compared to its previous close of 48.66.
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