Dow slips 114 points at close
Mumbai: The Nasdaq composite index slid to a six-year low Monday and the rest of Wall Street fell equally hard amid a worsening outlook for the US economy. The Dow Jones industrials dropped more than 100 points.
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HSBC Mutual plans new schemes for big investors
Mumbai: HSBC Mutual Fund has lined up an income scheme aimed at institutional investors. The offer document has already been lodged with the Securities and Exchange Board of India for approval. 
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Narrow movement
Mumbai: Monday's trading activity witnessed narrow movement. Bulls were successful to the extent of reducing the bear count by a considerable margin. However, the sentiment reading of the tradable counters continues to remain bearish. 
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BSE kicks off awareness programme
Mumbai: BSE has kicked off a series of programmes in the State with the objective of creating awareness among investors about their rights and safeguards along with a view to addressing their grievances. The first such programme was held on Sunday. 
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ACC down on doubts over profit
Mumbai: The decline in cement prices in Maharashtra in the first half of the current fiscal is likely to have a negative impact on the profits of cement major ACC. The market talk is that ACC's profit before tax would be lower by around 48 per cent. 
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Promoters consolidating stake in Madras Cements?
Chennai: Madras Cements, a highly illiquid counter, saw volume growth at 15,842 shares on Monday from Friday's meagre 35 shares on the Bombay Stock Exchange. The stock price also moved to Rs 4,047 from Rs 4,000. 
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Special margin on 82 scrips
Mumbai: The Bombay Stock Exchange has imposed special margins on 82 scrips from Monday. The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement, according to a statement issued by BSE. 
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FII ceiling up in Balaji Tele, GTL
Mumbai: The Reserve Bank of India has notified that foreign institutional investors (FIIs) can now pheurchase equity shares and convertible debentures in Balaji Telefilms Ltd up to 40 per cent and in GTL Ltd up to 74 per cent of the paid-up capital. 
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Markets remain calm; few stocks active
Mumbai: The stock market adopted a cautious stance on Monday's trading, unwilling to shed the jitters which had gripped it over the past few weeks.
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Rupee ends marginally higher
Mumbai: The Indian currency closed marginally firmer at 48.3975/4025 against the dollar on Monday, as compared to Friday's close of 48.4150/4250, in an otherwise lacklustre forex market on Monday. 
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Block deals in HDFC Bank
Kolkata: On a dull trading day, the HDFC Bank counter witnessed increased activity, thanks to some positive news. On the NSE yesterday, volumes shot up to 96,244 shares from 17,198 shares traded on Friday. Traded quantity on the BSE stood at 89,380 shares, up from 8,571 shares recorded on the previous trading day. 
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