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CSE
probe: ED looking into FEMA violations
Mumbai: The Enforcement Directorate (ED), Mumbai,
yesterday made enquiries about possible violation of Foreign
Exchange Management Act (FEMA) by the persons accused
in the Calcutta Stock Exchange case.
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Sebi
bans ASE brokerage co
Mumbai: The Securities and Exchange Board has cancelled
the registration of Madhur Shares and Stocks, member of
the Ahmedabad Stock Exchange, with immediate effect.
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BSE
has highest number of listings
Mumbai: Indian stock exchanges may be lagging their
global counterparts in several respects but they definitely
score in one area - the number of listed companies.
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Mutual
funds yet to take to index funds in big way
At a time when more and more mutual funds are coming out
with index products, the Bombay Stock Exchange is trying
hard to spread the word about its flagship benchmark,
the 30-share Sensex.
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Bulls
march ahead
Mumbai: Bulls extended their pressure over Tuesday's
trading activity. Their dominance for the second successive
day left the bears with no opportunity to recover. The
market sentiment reading of the tradable counters stands
bullish.
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Major
fund sells Balaji Telefilms
Mumbai: A leading private sector mutual fund has
turned bearish on the Balaji Telefilms , the media company
famous for serial names starting with `K'. The talk in
the market is that the serials of the company had not
been getting good viewership as in as in the last couple
of months. This could affect the rates the company charges
for the serials. The fund is slowly reducing its exposure
in the counter.
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Gujarat
Ambuja Cement gains on higher sales
Mumbai: The Gujarat Ambuja Cement stock yesterday
moved up with sizeable volumes on the BSE and the NSE
on news of improved despatches and production numbers
for September. The stock closed at Rs 164.95 on the BSE
after touching the day's high of Rs 165.50 against the
previous closing price of Rs 163.15. On the NSE, the stock
closed at Rs 165.75 (Rs 163.25). On the BSE, the stock
clocked a volume of around 3.25 lakh shares, while on
NSE, traded quantity was around 1.14 lakh shares. The
52-week high and low for the stock on BSE are Rs 254 and
Rs 144.10 respectively.
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Zee
Telefilms surges on new programming
Mumbai: The stock price of Zee Telefilms Ltd gained
sharply yesterday on expectations that the company's new
programming initiative involving screening new movies
would boost viewership of its TV channel and improve advertisement
revenues.
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Infotech,
PSU stocks continue upward journey
Mumbai: Buying in technology stocks and the continuing
momentum in PSU stocks on disinvestment hopes ensured
that the benchmark BSE Sensex finished in the positive
territory for the second consecutive trading day on Tuesday.
It closed at 2973.35, a gain of 20.57 points. Mirroring
the rise in the Sensex, the Nifty also ended higher at
960.80, a rise of 6.05 points.
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Development
Credit Bank mulling IPO
Mumbai: Development Credit Bank Ltd is weighing
the option of tapping the capital market with an initial
public offer in the near future.
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Re
strengthens; securities up
Mumbai: The rupee closed strongerby a paise on
Tuesday at 48.35/3550, as compared to Monday's close of
48.36/3650 in the forex market. The bias is for a stronger
rupee.
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Govt
moves to exit totally from CMC - To sell residual stake
to Tatas
New Delhi: The Union Government has initiated the
process of exiting completely from CMC Ltd by selling
its residual 26 per cent stake in the company to the strategic
partner, Tata Sons Ltd.
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