Reverse fungibility: one million RIL shares reconverted
A large reverse fungibility deal was struck on Friday when about one million shares of Reliance Industries were converted into global depository receipts. 
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Bear run arrested
Mumbai: Bulls gained control over Friday's trading activity. Their dominance restricted the bears from making further gains during the day's trading. However, the sentiment reading of the tradable counters remains bearish.
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VSNL chief talks the stock up
Mumbai: VSNL recovered in the last hour of the trading session on Friday on the National Stock Exchange and the Bombay Stock Exchange and closed with a gain of around 2 per cent. 
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HCL Tech slide halted
Mumbai: The continuous fall in the share price of HCL Technologies in the last few days came to a halt on Friday. The stock gained 2.92 per cent at Rs 179.50 on the BSE with volumes of 4.74 lakh shares. 
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FII limit in HFCL hiked to 49 pc
Mumbai: The Reserve Bank of India has said that FIIs can now purchase equity shares and convertible debentures of Himachal Futuristic Communications Ltd, up to 49 per cent of its paid-up capital through primary and secondary markets in the BSE. 
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Markets finish on firm note as techs sizzle
Mumbai: The last day of the trading week witnessed a good bout of optimism, narrowing down the losses for the entire week. Bulls wrested control of the trading session and sentiment turned positive after tech stocks were picked up at bargains. 
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Rupee stable; bonds decline
Mumbai: THE rupee closed on Friday at 48.6525 against the dollar compared to Thursday's close of 48.65/66 in the forex market. "There were short coverings by banks in the earlier half of the day. 
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