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Three
cheers for the rupee!
Mumbai: There is every reason for this trend to
continue on the back of strong inflows of foreign currency
into the exchange markets in the country and for the first
time since 1995, the rupee may end stronger at the end
of this financial year than its beginning levels.
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Clueless
market awaits signals
Mumbai: "Unless the Sensex manages to get
first above 3,130, then cross the 3,200 mark and finally
consolidate at that level, the trend will have to be assumed
downward."
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Infosys:
Cherry guidance?
Mumbai: Infosys Technologies is poised to witness
heightened trading activity in the coming week on the
expectation of a strong financial performance for the
quarter ended September 30, 2002.
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SEBI
may review nod for takeover of Dundee MF
The Securities and Exchange Board of India (SEBI) will
consider the recent arrest of Mr Dinesh Jain, an executive
of the Srei International group, by the police investigating
the affairs of the Calcutta Stock Exchange, in the context
of approval granted to Srei's proposed takeover of Dundee
MF.
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Premium
dips below 50 pc for Infosys
Mumbai: Grim corporate news from companies such
as Boeing Co, EMC Corp, Northern Trust Corp and Schering-Plough
Corp shook the US markets last week, which tumbled to
its lowest in almost five years and ended a sixth straight
losing week.
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Inflation
rate skids to 3.58%
Mumbai: After breaching the 4-per cent barrier
for the first time this year, the inflation rate plummeted
by 0.45 per cent at 3.58 per cent for the week ended September
21 mainly due to lower prices of vegetables and essential
goods.
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