Market now pins hope on Oct-Feb rally
Mumbai: With the markets continuing to head south there is more than a touch of desperation in the air. If you ask any market player, he will tell you that the market is ripe for a rally.
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Marginal loss
Mumbai: Bears exerted further pressure during the initial hours of Friday's trading activity. Bulls were successful in restricting them from making further gains. 
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Snowcem up on reports of talks with Berger
Kolkata: The Snowcem India stock yesterday moved up on the major bourses on the news that the Rs 120-crore company was in talks with Berger Paints to dispose of its exterior paints business. The stock gained 5.63 per cent to close at Rs 48.80 (Rs 46.20) with with volumes of 1,30,574 shares on the National Stock Exchange. On the Bombay Stock Exchange, the stock witnessed volumes of around one lakh shares.
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CESC slides on SC directive
Kolkata: The CESC stock moved down yesterday on the major bourses in reaction to the news that the Supreme Court had set aside the Calcutta High Court ruling on the company's authority to hike power tariff. The stock declined to Rs 17.05 on the NSE, down by 5.28 per cent over the previous closing of Rs 18. On the BSE, the stock lost around 5.90 per cent at Rs 16.75. 
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FII selling in Reliance
Mumbai: Since the announcement of the consolidated financial results of Reliance Industries with Reliance Petroleum, the stock has been on the downslide. This week, the petrochemical major has fallen by over Rs 20. The slide in the stock price has been mainly attributed to selling by a couple of leading FIIs. 
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PNB lacklustre due to lack of interest
Mumbai: The stock of Public National Bank has been lacklustre in the past few days due to the absence of any positive triggers. The share price has been range-bound at Rs 43-Rs 46 levels. The stock has come down marginally by 1.60 per cent while it has dropped by 3.19 per cent from a high of Rs 45.2 on September 15. 
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NSE expels Home Trade
Mumbai: The National Stock Exchange (NSE) has expelled Home Trade Ltd from the trading membership of the wholesale debt market of the exchange from October 1. 
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SEBI notifies 3-yr lock-in for sweat equity shares
Mumbai: The Securities and Exchange Board of India (SEBI) has notified new separate regulations specifying the procedure for holding enquiry and imposition of penalty in respect of all the intermediaries regulated by it. 
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SEBI debars 5 Ambuja Zinc directors
Mumbai; The Securities and Exchange Board of India has debarred Ambuja Zinc Ltd (AZL) and the company's five directors from accessing the capital market for five years. 
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CSE scam accused remanded to custody till Nov 15
Kolkata: The Central Metropolitan Magistrate yesterday remanded the accused persons in the Calcutta Stock Exchange case to judicial custody till November 15. No new arrests or searches on brokers' premises were made by the Kolkata police yesterday. 
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Rupee steady; securities up
Mumbai: The rupee closed almost unchanged on Friday at 48.3575/3625 against the dollar, as compared to Thursday's close of 48.3550/3575 in the forex market. 
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