Birla Mutual eyes mid-cap segment with new launch
Mumbai: Birla Mutual Fund has sought to keep up with the latest trend by displaying a zest for mid-cap stocks. It has proposed a scheme specifically for mid-cap equities, one that will have the S&P CNX Midcap 200 as its benchmark index.
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Bull domination
Mumbai: Friday's trading activity witnessed bull domination. This resulted in the termination of most downtrend counters in the tradable list. Bears were unable to make any impact during the day's trading.
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SEBI panel report on regional bourses soon
Mumbai: The Securities and Exchange Board of India expects the committee set up to recommend measures to revive regional stock exchanges to submit its report shortly.
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1,500 cos to be added to electronic data: Bajpai
Mumbai: At least 1,500 more companies would be added to the Electronic Data Information Filing and Retrieval (EDIFAR) System by April next year, the Chairman of the Securities and Exchange Board of India (SEBI), Mr G. N. Bajpai, said here yesterday
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South East Asia Marine loses steam
Mumbai: The mood in the market seemed to have turned pessimistic on the likely open offer to the shareholders of South East Asia Marine. This was one of the reasons for the stock to close sharply lower on Friday. On the NSE, the stock ended 14.89 per cent lower at Rs 85.45 with volumes of 13.74 lakh shares.
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Huge block deal in VSNL - Tatas behind transaction?
Mumbai: Videsh Sanchar Nigam Ltd saw a block deal of 17 lakh shares at Rs 224 per share on the BSE today. The block deal amounted to around Rs 38 crore, constituting a little less than 0.6 per cent of the company's equity capital.
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Tatas may've been bulk buyers at VSNL counter
Mumbai: VSNL witnessed a block deal of 17,08,324 shares on Friday on the BSE. According to market sources, the Tatas are likely to have been the buyers while a US-based fund is said to have been the seller. But, the exact identities of the buyer and the seller could not be ascertained.
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Rains, brands rejig push up HLL
"Rains in most parts of northern and western India last week dispelled fears of drought in India. As about 40 per cent of HLL's sales come from rural India, the dry spell was expected to impact the company's revenues considerably," said an industry analyst.
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Old economy pivotals shine on monsoon report
Mumbai: Reports about an improvement in the pattern of rainfall in the country combined with bargain hunting by investors led to a firm trend in equities on Friday. The BSE Sensex finished the trading session at 3,065.90 points, up by 45.20 points.
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Re at year's high; gilts up
Mumbai: THE rupee closed at a new high of 48.5750/58 on Friday, as compared to its previous close of 48.60/61 in the forex market. This is the highest close of the currency for this financial year.
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