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Bear
domination
Mumbai: Bears were in total command of Monday's
trading activity. Their dominance left the bulls with
no opportunity to recoup their losses. The market sentiment
reading of the tradable counters stands strongly bearish.
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Global
fall drags Sensex below 3,000 points
Depressed global markets, mainly Nasdaq, coupled with
disinvestment delays saw share prices on major bourses
closing considerably lower yesterday. The 30-share benchmark
sensitive index (Sensex) of the Bombay Stock Exchange
breached the psychological barrier of 3,000, closing lower
by 45.90 points or 1.5 per cent at 2991.36 after falling
to the day's low of 2,988.43.
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HPCL,
BPCL slide sharply
Mumbai: The stock prices of oil PSUs came under
heavy selling pressure on Monday following reports that
the Ministry for Disinvestment had returned the deposit
money to the prospective advisors for the divestment of
the Government stake in Hindustan Petroleum Corporation
Ltd and Bharat Petroleum Corporation Ltd.
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Bonus
hopes lift P&G
Mumbai: FMCG major Procter & Gamble was in
the limelight on Monday on rumours that the company was
planning to issue bonus shares. According to market sources,
the counter witnessed good buying from institutional investors
on the back of this rumour.
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Bharti
Tele in BSE indices
Mumbai: Bharti Tele-Ventures will replace Reliance
Petroleum (RPL) in BSE-100 and BSE-200 indices while Macmillan
India would take RPL's place in BSE-500 index. The changes
will take effect from October 10 following the merger
of Reliance Petroleum with Reliance Industries.
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Strong
order book for infotech majors?
Mumbai: Tech heavyweights such as Infosys and Wipro
seem to have built up a strong order book during the second
quarter. The trend, analysts said, was expected to be
reflected in improved toplines for the quarterly results.
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Market
reels under sell-off delay, global meltdown
Mumbai: The combination of concrete signals of
delay in the disinvestment programme and decline in the
US indices on Friday's trading proved to be a double whammy
for the BSE Sensex during Monday's trading.
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IOC
awaits Govt nod for 10 pc equity issue - Plans Rs 30,000-cr
investments in 10th Plan
Mumbai: Oil major IOC has planned Rs 30,000 crore
investments during the 10th Five-Year Plan. The company
was currently implementing projects worth Rs 12,000 crore,
M.S. Ramachandran, Chairman, told shareholders at the
company's annual general meeting held here yesterday.
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Mumbai
police too are after CSE scam tainted
Mumbai: The Mumbai police has informed its counterpart
in Kolkata that it also wants certain individuals closely
linked with the recent siphoning out of funds from the
Calcutta Stock Exchange (CSE).
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