Rupee sheds 2 paise; gilts up
Mumbai: The rupee ended marginally weaker on Thursday at 48.48 against the dollar in the forex market as compared to Wednesday's close of 48.4550/4650. 
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No deduction of tax on US-64 dividend
New Delhi: UTI-I will not deduct tax at source (TDS) on dividends passed on to unit-holders of US-64. 
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DSP-ML mops up Rs 340 cr through short-term fund
Mumbai: DSP Merrill Lynch investment managers have announced that its short-term fund has mobilised over Rs 340 crore during the initial public offer (IPO), open from August 30 to September 4. 
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Bulls prevail
Mumbai: Bulls were in control of Thursday's trading activity. Their dominance resulted in reducing the bear count by a substantial margin. The market sentiment reading of the tradable counters stands bullish. 
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Kania report fallout - CSE staff urge SEBI to allow NSE hubs
Kolkata: A section on Lyons Range still maintains that RSEs have not lost their relevance, not even in the context of computerised trading. 
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Steel stocks Jindal, Essar edge up on block deals
Mumbai: Jindal Steel and Essar Steel yesterday saw a spurt in volumes and prices. The Jindal Steel stock attracted combined traded volumes of around 4 lakh shares on the National Stock Exchange and the Bombay Stock Exchange.
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Nestle at new high on parent buying
Mumbai: Nestle India touched a new 52-week high on Thursday on active buying from the Swiss parent - Nestle SA. The stock touched 52-week high at Rs 575 before closing at Rs 571.20, up 2.02 per cent on the BSE. Volumes increased to 7.49 lakh shares from 8,312 shares traded on Wednesday. On the NSE, the stock ended 572.50, up 2.38 per cent with volumes of 9.74 lakh shares. 
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Hexaware surges on German order
Mumbai: Hexaware Technologies witnessed increased activity yesterday, with a large amount of the company's shares being traded on the bourses on the back of a strong order book. 
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An identity confusion
Mumbai: IT seemed to be a case of mistaken identity as investors flocked the counter of Berger Paints India Ltd following an announcement by Asian Paints that it was acquiring Berger International Ltd. 
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No trading in Nifty futures on Singapore Exchange
Mumbai: Even as the trading volumes in the S&P CNX Nifty futures are increasing on a monthly basis on the NSE, there is hardly any trading in the Nifty index futures on the Singapore Exchange for more than a year now. 
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SEBI panel for T+1 from Dec 2 for institutions
Mumbai: In a bid to move towards T+1 settlement soon, the SEBI committee on Straight Through Processing (STP) has proposed the implementation of STP for institutional investors from December 2. 
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SAT dismisses petition in Amara Raja case
New Delhi: The Securities Appellate Tribunal (SAT) has dismissed a petition of Harinarayan Bajaj seeking information possessed by Securities and Exchange Board of India (SEBI) in a case relating to alleged price manipulation in the Amara Raja Batteries scrip in March 2001. 
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Infosys gain keeps markets in positive territory
Mumbai: The market closed with the benchmark index, the BSE Sensex at 3,181.47 on Thursday, representing a gain of 8.12 points, even as key index stocks such as Reliance, Reliance Petro and MTNL, aall of which were responsible for holding up the Sensex on Wednesday, reversed direction and moved into the negative zone. 
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