Re sheds 5 paise; gilts up
Mumbai: The rupee closed 5 paise weaker at 48.39/40 against the dollar on Wednesday as compared to its previous close of 48.34 in the forex market.
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UTI inflows turn positive
Mumbai: Unit Trust of India's (UTI) net inflows have turned positive for the first time in the past 15 months, a clear signal perhaps that investor confidence has returned to the public sector fund plagued by problems the whole of last year.
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IGF shareholders to meet in Dec
New Delhi: The shareholders of the NYSE-listed India Growth Fund (IGF) managed by Unit Trust of India will meet in December to consider the liquidation of the closed-end fund, the UTI Chairman, M. Damodaran, has said.
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Moody's-ICRA ratings offer to mutual funds
New Delhi: After launching a series of mutual fund indices in the country, international rating firm Moody's Investor Service, along with domestic rating agency ICRA Ltd, plans to launch rating products focusing on investment and management aspects of mutual funds and their fund managers by early next year.
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Bulls and bears moved slowly
Mumbai: Wednesday's trading activity witnessed narrow movement. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of tradable counters stands mildly in favour of the bulls.
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SB&T Intl glitters on fund buying
Gems and Jewellery company SB&T International (SB&T) yesterday witnessed sharp rise in volumes as well as in stock price on expectations that the company would acquire retail jewellery stores outside the country.
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Volumes perk up in Century Textiles
Mumbai: Century Textiles yesterday attracted significant volumes and closed at Rs 39.15 on the BSE and at Rs 39.20 on the NSE. During the previous five sessions, the stock had declined by around 5 per cent on both the bourses.
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Fund holding in Mastek up
Mumbai: Instututional holdings in software services firm Mastek rose in the quarter ended September 2002 over the previous quarter.
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Wipro rises ahead of results
Mumbai: The results season seems to keep the market operators busy speculating on select stocks, especially in the technology sector. On Wednesday, when most leading technology stocks fell, Wipro gained. This was ahead of the company's results on Friday.
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Profit-booking in tech stocks drags Sensex down
Mumbai: The benchmark BSE Sensex traded in a narrow band on Wednesday and ended marginally lower as investors booked profits in technology stocks. At the close of trading on Wednesday, the Sensex was down 8.40 points (0.28 per cent) to close at 2,994.99 points.
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SHCIL official to depose in CSE case
Kolkata: Another executive of Stock Holding Corporation of India Ltd (SHCIL) has been asked to depose before the Kolkata police, which is investigating into the March 2001 payments crisis on the Calcutta Stock Exchange (CSE).
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Dow nosedives 220 pts on earnings worries
New York: Wall Street made an expected retreat on Wednesday on discouraging earnings from Intel and profit taking from a four-day rally that had boosted the Dow Jones industrials nearly 1,000 points.
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