Rupee at new high; securities up
Mumbai: The rupee touched a new high to close at 48.4675/4725 against the dollar as compared to Monday's close of 48.4750/48 in the forex market. Supplies of dollar were low with the US markets closed on Monday, dealers said. 
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Terror Tuesday on Wall St: Dow dives 355 points
New York: US stocks were shredded on Tuesday as investors fretting about the US economy dumped shares after learning America's factories in August were not as busy as expected, leading to the biggest drop for the broad market in nearly one year.
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Nifty futures dip hints bear grip
Mumbai: The trading activity in the September Nifty futures seems to be an indicator of the bearish trend prevailing in the market. 
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Dividend, tax relief for US-64 - Bail-out unlikely to raise Govt borrowing
New Delhi: The Government has decided to allow UTI-I to pass on any dividend received from corporates in which it has investments to US-64 unitholders. The unitholders, in turn, will be exempt from paying dividend tax. 
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IDBI-Principal fund targets trusts
Mumbai: IDBI-Principal Mutual Fund yesterday announced the launch of its Trust Benefit Fund, a new scheme targeted specifically at charitable, religious and educational trusts as well as housing societies and other non-profit organisations. 
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Alliance Mutual frontline fund mops up Rs 100 cr
Mumbai: Alliance Mutual Fund's Frontline Equity Fund (AFEF), an open-ended equity scheme, had received subscriptions of over Rs 100 crore through its initial public offer, which closed on August 30.
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Bear domination
Mumbai: Bears were in total command of Tuesday's trading activity. Bulls were unable to make any impact during the day's trading. The sentiment reading of the tradable counters stands strongly in favour of the bears. 
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Panel for representation of brokers on exchanges - Report moots governance norms
Mumbai: The report by the SEBI-instituted group on corporatisation of stock exchanges has welcomed the representation of brokers on governing boards of the exchanges. 
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Wimco damp; open offer looks distant
The open offer for the shareholders of match manufacturer Wimco from its parent Swedish Match Company is likely to be delayed. The talk is that the issue will come up before the Securities Appellate Tribunal (SAT), as the parent company is disputing the Securities Exchange Board of India ruling asking it to make an open offer for 20 per cent stake. 
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Package talk bails out IFCI
Mumbai: The stock of IFCI is in the limelight, with the Government reportedly close to announcing a bail-out package. The stock has been rising in anticipation of the announcement of the package. Yesterday, the stock went up 6.25 per cent to close at Rs 5.95 with 5.12 lakh shares being traded on the BSE. On the NSE, the stock went up 5.30 per cent to close at Rs 5.95 with 17.56 lakh shares being traded. 
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Heavyweights come under selling pressure
Mumbai: Selling in key stocks such as Hindustan Lever, ITC, Reliance and Infosys Technologies reversed a four-day rally in the market, resulting in the barometer BSE Sensex closing on Tuesday at 3,159.77 points, a drop of 27 points compared with Monday's close. 
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