IL&FS offers exit option to unitholders
Mumbai: IL&FS Mutual Fund has given an exit option to its existing unitholders in view of modification to the listing proviso, as mentioned in offer documents. The fund has also proposed benchmarking its technology fund to the relevant BSE index. 
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Inverse float bonds swamp bond street
Mumbai: State-owned banks, mutual funds and some institutional investors are being taken for a ride by the more smarter players in bond street. The bait being thrown around is the new flavour in the debt market: inverse float bonds. 
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Marginal gains
Mumbai: Wednesday's trading activity witnessed restricted movement. Prices of the tradable counters moved within a close band. Bulls managed to gain marginally from the day's trading. 
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Cipla counter losing steam
Mumbai: Pharma major Cipla's counter seems to be losing steam as witnessed in the past few days. According to dealers, this is due to the absence of fresh triggers to sustain buying interest. The stock has shed about four per cent already and is likely to come down further.
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Conditional access, re-rating hopes enthuse Zee Tele
Mumbai: Zee Telefilms seems to be back in the reckoning to claim its share of investor interest with the conditional access system (CAS) Bill expected to be tabled shortly and with the recent launch of two new programmes. The stock has gained over five The stock has gained over five per cent in the last one week and according to market sources, could rise considerably in the ensuing days. 
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Foreign funds seen driving NIIT up
Mumbai: NIIT, backed by a number of sizeable block deals, zoomed yesterday on the National Stock Exchange and the Bombay Stock Exchange. The stock closed with a gain of over 6.5 per cent at Rs 151.45 (Rs 142.05) on the NSE. 
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Profit-taking, lack of triggers drag Sensex down
After some buoyancy on Tuesday, the market activity showed a subdued trend during Wednesday's trading. After opening on a strong note at 3083.82, the BSE Sensex went on to touch a high of 3109.91.
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Dollar scales back Vs Euro on Wall Street fall, US outlook worries 
Mumbai: The dollar fell by nearly one per cent against the yen and by half a per cent against the euro on Wednesday after a renewed fall on Wall Street renewed investors worries about the outlook for the US economy. 
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Rupee rises to 7-month high
Mumbai: The rupee continues to gain strength against the weakening dollar. The local currency rose to a seven-month high of 48.54/5425 against the dollar on Wednesday. On Tuesday, the rupee closed at 48.5650/57. 
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Securities rise marginally
Mumbai: Bond prices moved narrowly with the long-end papers moving up by merely 10-20 paise and the medium-term papers stagnating in the debt market on Wednesday. 
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