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Dow
crashes 215 points at close
Mumbai: US stocks slumped on Wednesday after sour
investment calls on giants fed worries over the anaemic
pace of corporate profit growth.
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Bear
domination
Mumbai: Bears were in control of Wednesday's trading
activity thereby, terminating the two-day long bull-run.
Bulls were left with no opportunity to recoup their day's
losses. The sentiment reading of the tradable counters
stands neutral.
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IndusInd
Bank official deposes in CSE case
Kolkata: An IndusInd Bank official deposed before
the Kolkata police on Wednesday for the first time, marking
a new chapter in the ongoing investigation into the affairs
of the Calcutta Stock Exchange (CSE).
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VSF
sales to rescue Grasim results
Mumbai: Viscose Staple Fibre (VSF) is expected
to rescue Grasim results in the second quarter. This is
because of higher VSF sales volume around 52,000 tonnes.
The company is likely to report profit before tax (PBT)
of around Rs 125 crore as against Rs 102 crore in the
corresponding quarter last year.
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Funds
active in auto stocks
Mumbai: Share prices of major two-wheeler companies
shored up on Wednesday on account of buying interest from
institutions, mainly mutual funds. The counters that showed
good activity yesterday included Bajaj Auto, LML, Hero
Honda and TVS.
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DSQ
plummets
Kolkata: The controversy over DSQ Software, once
a prized stock in the IT domain and chased by operators,
has taken a toll on its price on Lyons Range. That the
stock was fast going out of favour was evident from Tuesday's
trading.
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Tech
stocks fall on profit-booking
Mumbai: The pre-result rally witnessed in technology
counters for the past two days seems to have been stemmed
yesterday as the stocks came under selling pressure. According
to market watchers, the fall across the board in tech
stocks was primarily due to profit-booking.
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SEBI
to introduce straight through processing
Mumbai: As an initial step to go in for electronic
processing and fast settlement of trades in securities,
the Securities Exchanges Board of India (SEBI) has decided
to introduce straight through processing (STP) from December
2.
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Two-wheeler
stocks have a good ride
Selling in technology stocks, ahead of the declaration
of results of technology major Infosys Technologies on
Wednesday, saw the benchmark BSE Sensex decline by 16.46
points as it ended at 2956.89 points, snapping a two-session
rise in the
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