Reliance open offer for IPCL draws huge response
Mumbai: Indian Petrochemicals Corporation Ltd (IPCL) ended 5.54 per cent lower on the BSE at Rs 131.40 on the closing day of the open offer made by Reliance Industries. The latter made an open offer to buy out the 20-per cent stake in IPCL at Rs 231 per share.
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Narrow movement
Mumbai: For the second successive trading day, market witnessed narrow movement. However, bears were successful in initiating the downtrend in a few counters. 
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Substantial volumes in Hindustan Motors
Mumbai: The Hindustan Motors stock yesterday recorded substantial volumes, thanks to a number of block deals, on the major bourses. It closed at Rs 8.65, a gain of 7 per cent on the National Stock Exchange and the Bombay Stock Exchange. 
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Order talk spurs activity in Digital
Mumbai: Digital GlobalSoft, a Banglore-based software solutions provider, saw significant volumes on the bourses on Thursday. According to analysts, the spurt in volumes is related to a rumour that the company has received a non-HP order worth about $3 million.
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Sun Pharma gets support from Caraco revival
Mumbai: The stock of the Mumbai-based Sun Pharmaceuticals Industries has seen a lot of volatility in the past one month. Analysts say the ups and downs could be linked to the fortunes of its overseas associate company, Caraco Pharmaceuticals. 
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Tata Engg, Citibank in fungibility deal
Mumbai: Tata Engineering & Locomotive Company Ltd has signed an agreement with its depository for GDR holders, Citibank N.A for two-way fungibility of GDRs with ordinary shares of the company. 
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DCA detects breach of laws by Credit Suisse
New Delhi: The Department of Company Affairs (DCA) has detected a number of violations of the Companies Act by Credit Suisse First Boston (India) Securities Private Ltd (CSFB). 
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Drought levy report hits sentiment
Mumbai: Mimicking the overall trend recorded on Wednesday, the market sentiment on Thursday continued to remain listless. After opening on a positive note at 3094.18, the Sensex drifted aimlessly within a narrow band of about 17 points. 
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Re strengthens; gilts stable
Mumbai: THE rupee closed at another new high on Thursday at 48.5250/53 against the dollar as compared to Wednesday's close of 48.54/5425 in the forex market. 
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