Bears march ahead
Mumbai: Bears exerted further pressure over Tuesday's trading activity. During the close, bulls managed to make a partial recovery. The sentiment reading of the tradable counters continues to remain strongly bearish.
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Underwriting losses of PSU insurance cos surge - Gujarat riots, third-party claims blamed
Mumbai: General Insurance Corporation of India and its four associates had a combined underwriting losses of Rs 2,529 crore for the year 2001-02 as against Rs 1,722 crore in the previous year. The losses were mainly due to large number of claims on on account of third party motor insurance and the Gujarat riots, according to Mr P.C.Ghosh, Managing Director and current in-charge, General Insurance Corporation of India. 
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CSE for clarification on turnover fee
Kolkata: The governing committee of the Calcutta Stock Exchange today decided to seek further clarification from the Securities and Exchange Board of India (SEBI) on the issue of turnover fee arrears to be paid up by the CSE brokers to the market regulators.
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Oil stocks dip 40% in a month
Mumbai: It has been a nightmare for investors, who only a month ago had put their faith (and money) in public sector oil company stocks.
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SEBI ties up with States to probe misconduct in SEs
Mumbai: SEBI has already rolled out its maiden initiative in this direction, thanks to its recently developed rapport with the West Bengal Government, which was pursuing a case concerning the Calcutta Stock Exchange. 
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Corporate governance, bond ratings - SEBI keen to ensure convergence
Kolkata: The Securities and Exchange Board of India (SEBI) would like to ensure that the rating assigned to a bond issue by a company converges with its corporate governance (CG) rating over the long term. 
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VisualSoft up on upbeat guidance
Mumbai: The stock price of software solutions provider, VisualSoft Technologies, gained on the bourses yesterday. Market sources attribute the price rise to the claim that the company would be able to meet the growth guidance for its software solutions business for the current financial year. 
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Mastek slides on fund selling
Mumbai: Mastek came under heavy selling pressure on Tuesday. Selling was mainly from private mutual funds that had taken huge exposure in the counter a couple of months ago. Dealers said some fund managers were booking profits. 
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Naveen Patnaik sends Nalco tumbling further
Mumbai: National Aluminium Company's (Nalco) stock price dipped sharply yestersday on heavy selling from institutional investors on concern that the disinvestment of the company would be delayed, brokers said. The stock ended 5.51 per cent down at Rs 84.90 on the BSE. On the NSE, Nalco closed at Rs 85, down 5.40 per cent. 
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`Evidence' on Ketan's links with ex-CSE president
Kolkata: The Kolkata Police have claimed to have found "incriminating" evidence by way of documents at one of the offices searched on Tuesday that have established links between big bull Ketan Parekh and former head of Calcutta Stock Exchange, Mr Dinesh Kumar Singhania. 
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IGF seeks action against SHCIL
Mumbai: The Investors' Grievances Forum on Monday said that it welcomes the Securities and Exchange Board of India's action in the Bank of Madura and ICICI Bank merger case. 
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SEBI ban on Suman Motels
Mumbai: SEBI has prohibited Suman Motels Ltd from accessing the capital market, including raising funds, for a period of five years. 
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HLL, Reliance drag Sensex down; tech stocks mixed
Mumbai: The depressed sentiment continued to haunt the bourses for the second day in succession as the BSE Sensex closed 31.70 points (or 1.06 per cent) lower at 2959.66 points. The decline was attributable mainly to the fall in the two key Sensex weighters - Hindustan Lever and Reliance Industries. The Sensex opened for the day at 2976.04 points, touched a high of 2987.48 and a low of 2949.75 before closing for the day at 2959.66 points. 
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Rupee at eight-month high
Mumbai: THE rupee continued its appreciation to close at an 8-months high of 48.3550/36 against the dollar as compared to its earlier close of 48.3750/38 in the forex market. The rupee closed at comparable levels at 48.35 against the dollar on Jan 10, 2002
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