UTI committedto investors - Damodaran bullish on stocks
Mumbai: The Chairman of the Unit Trust of India, Mr M. Damodaran, yesterday gave a firm assurance of meeting all the commitments made to its investors. 
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Retail investors hold 72.61 pc of UTI assets
Mumbai: Individual investors are the majority unit-holders in the Unit Trust of India (UTI) compared to corporates and institutional investors, according to a study conducted by Securities and Exchange Board of India (SEBI). 
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Dabur attracts funds' attention
Mumbai: The restructuring plans of the Delhi-based Dabur India have perked up the stock price, with investors, especially mutual funds, buying into the counter lately. The stock yesterday went up by 1.25 per cent to close at Rs 48.65 with 66,348 shares being traded.
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Marginal gains
Mumbai: FOR the second successive trading day, stock prices across the board moved within a close band. Bulls managed to control the day's proceedings. The sentiment reading of the tradable counters continues to remain strongly bullish. 
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Rains revive hopes of pick-up in stock market
Mumbai: Marketmen are drawing cheer from the recent revival of the monsoon, which they say would largely offset the setback due to deficient rainfall in the first half of the season. 
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`Pipeline' value for IOC
Mumbai: Indian Oil Corporation gained on Tuesday even as other oil PSUs stocks remained stable. IOC was up 5.24 per cent at Rs 212 with volumes of 43,054 shares on the BSE. On the NSE, the stock gained 4.14 per cent at Rs 210 with volumes of 34,547 shares.
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Ondeo Nalco flares up on better performance
Mumbai: The counter of Ondeo Nalco India, formerly Nalco Chemicals India, is ruling strong on improved performance in the first quarter and on news of business restructuring. Since July 31, the stock has been moving up from a level of Rs 190 on the on the Bombay Stock Exchange (BSE). Yesterday, the stock closed at Rs 248 on the BSE, up 4.97 per cent. The volumes were, however, just 1,277 shares. 
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IDBI sells 1 pc in Coromandel Cement
Mumbai: Industrial Development Bank of India has sold shares in Coromandel Cements amounting to over 1 per cent of the paid-up capital of the latter. The shares have been sold to a "group of investors," said a news release. 
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SEBI panel on delisting norms - `Decide offer price thru book-building'
Mumbai: TO enable minority shareholders to get an exit route in case a company delists its shares from the exchanges, a SEBI committee has recommended that the open offer price should be determined through book-building process. 
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HLL, tractor stocks gain as drought fear recedes
Mumbai: Equities inched up on Tuesday after media reports on the progress of the monsoon mitigated fears of a devastating drought. Consequently, the BSE Sensex rose by 28.55 points (0.95 per cent) to close at 3,036.40 points. 
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Rupee up two paise; gilts steady
Mumbai: The rupee closed stronger on Tuesday at 48.5950/60 against the dollar as compared to Monday's close of 48.61/62 in the forex market. The domestic currency, ruling at February levels, is expected to strengthen further, dealers said. 
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