As mercury shot beer sales also soared 20%
Mumbai: The delayed monsoons have spelt good cheer for the booze bazaar, with beer companies showing a growth of 20% in volumes in the last four months.
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Mid-cap PSUs grab market fancy
Mumbai: Small- and -medium cap PSU stocks recovered from Monday's steep fall to rise strongly on Thursday as a tinge of optimism, fuelled by the feeling that the privatisation of smaller non-controversial units would proceed unhindered, filtered through to the market.
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SEBI to turn the heat on takeover code violators
New Delhi: Companies or individuals who have acquired shares of other firms by violating the provisions of the takeover code may soon find the Securities and Exchange Board of India (SEBI) divesting such shares either through a public auction or market mechanism. 
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CanLiquid declares dividend
Mangalore: Canbank Mutual Fund has announced its thirty-fourth weekly dividend in the CanLiquid scheme. The dividend works out to Re. 0.0154 per unit on a face value of Rs 10 based on a net asset value (NAV) of Rs 10.0260 as on September 10, the record date for the scheme under its dividend re-investment plan. 
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Narrow movement
Mumbai: For the second successive trading day, the market witnessed narrow movement. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the tradable counters continues to remain neutral. 
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CSE fiat to members on client information
Kolkata: The Calcutta Stock Exchange has, in a message to its members, reminded them that brokers will have to ensure confidentiality of client information, a requirement desired by the market regulator, the Securities and Exchange Board of India. 
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MRTPC clean chit to Ahmedabad bourse
Mumbai: The Ahmedabad Stock Exchange (ASE) has been absolved of the charges of "not being investor-friendly" by the Monopolies & Restrictive Trade Practices Commission (MRTPC). 
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Preferential allotments now under takeover code
Mumbai: The Securities and Exchange Board of India has brought preferential allotment of shares under the purview of the takeover code and tightened indirect acquisition norms, in an attempt to protect minority shareholders and curb misuse of current norms. 
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Block deal in Cipla
Mumbai: The Mumbai-based pharmaceutical major Cipla witnessed a block deal on Thursday. According to dealers, the quantum of the deal was in the region of 1.35 lakh shares. However, the stock faced sustained selling pressure. 
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Cement stocks firm up on price hike hopes
Mumbai: With the monsoon coming to end in most parts of the country, cement counters saw increased interest from stockbrokers in anticipation of hike in cement prices. 
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Eicher Motors up on sales growth
Kolkata: The Eicher Motors stock moved up on Thursday on the major bourses on news of substantially higher sales growth recorded by the company in August. On the Bombay Stock Exchange, after touching a day's high of Rs 67.95, it closed at Rs 66.80 with a gain of 3.09 per cent over the previous closing price of Rs 64.80. On the NSE, the stock closed at Rs 66.40.
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Satyam, Reliance calls attract market attention
Mumbai: The options segment registered a turnover of Rs 249.27 crore through 27 securities that were traded yesterday. Satyam Computer September call option at a strike price of 240 was the most actively traded contract yesterday. 
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Company-specific events to fore in lacklustre market
Mumbai: The markets took a breather on Thursday after a more than one per cent jump during the previous day. Most counters moved sideways and institutions were seen consolidating positions in some information technology counters. 
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Rupee stable; securities up
Mumbai: THE rupee closed at 48.4550 on Thursday, unchanged from Wednesday's close in the forex market. The forex market was dull during the day. Cross currency trading was also seen to be low, said a dealer.
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