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Rupee
slips; securities weak
Mumbai: The rupee closed on Thursday at 48.35/36,
a tad weaker than Wednesday's close of 48.3175/3275 against
the dollar in the forex market. The rupee underwent a
correction for the massive appreciation that took place
on Wednesday.
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`Overwhelming'
response to Kodak open offer
Kolkata: The parent company's equity stake in Kodak
India Ltd has crossed the 90 per cent mark following today's
closure of the open offer made by Kodak Ltd, UK, an official
statement said. According to it, delisting of Kodak India
will now be sought.
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Mastershare
trading volumes spurt
Units of Mastershare 1986, the close-end growth fund from
the Unit Trust of India which is listed on the BSE and
the NSE, have seen a sharp jump in trading volumes over
the past couple of sessions; trading volumes on the NSE
were 5,05,092 units and on the BSE 41,873 units
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Bear-run
arrested
Mumbai: Bears exerted further pressure during the
initial hours of Thursday's trading. Thereafter, bulls
took over and were in total command of the day's proceedings.
Bears were successful to the extent of increasing the
bear count by a considerable margin.
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More
arrests likely on CSE case
Kolkata: The Kolkata Police today hinted at the
possibility of more arrests in the course of its investigation
into the March 2001 Calcutta Stock Exchange crisis. The
indication came on a day marked by an intense court-room
battle revolving around Mr B.V. Goud and Mr S.N. Paul,
the former MD of Stock Holding Corporation of India Ltd
and Senior V-P of IndusInd Bank respectively, both of
whom were arrested late on Wednesday evening.
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Block
deals in Marico
Mumbai: The counter of the FMCG firm, Marico Industries,
was abuzz with activity on Thursday. Dealers said that
the counter witnessed two block deals on the BSE. However,
the identity of the executors of the two block deals could
not be ascertained.
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Hindalco
stock touches new low
The stock price of aluminium major, Hindalco Industries,
on Thursday touched a new 52-week low due to the depressed
international aluminium prices, according to analysts.
The stock touched its 52-week low of Rs 483.75 on the
BSE and on the BSE and on the NSE, the new low was Rs
484.05. However the stock closed marginally higher at
Rs 487.65, down 3 per cent from Wednesday's close on the
BSE. On the NSE, the stock ended at Rs 488, down 3 per
cent.
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New
NSE circuit limit for derivatives
Mumbai: The National Stock Exchange (NSE) has revised
price ranges (circuit filter) in respect of securities
for which derivative products are available or scrips
included in indices on which derivative products are available.
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Infosys
leads tech rally on bourses
Mumba: An earnings rally in technology major Infosys
Technologies, coupled with buying across second-rung IT
stocks boosted the benchmark BSE Sensex, as it ended the
day at 2969.49 points with a gain of 12.60 points.
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Dow
closes 248 points up
Mumbai: US stocks rallied on Thursday, boosted
by encouraging news on jobless claims and earnings from
Yahoo and Aetna. The Dow Jones industrials soared 248
points a day after dropping to a five-year low.
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