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Rupee
firm; bonds rally
Mumbai: The currency closed unchanged at 48.3950/4000
against the dollar on Friday as compared to 48.39/40 on
Thursday in the forex market. The demand was seen to be
good across the board in the market, said a forex dealer.
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SEBI
to look into plaint on open offer.
Mumbai: The Aditya Birla group has purchased 3.42
lakh shares, or 0.14 per cent of the equity capital, of
Larsen and Toubro Ltd, from the open market even as the
capital markets regulator, Securities and Exchange Board
of India (SEBI), said it would look into a complaint filed
by Investors' Grievances Forum (IGF) against the group's
open offer for L&T.
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Training
on corporate governance
Hyderabad: The Bombay Stock Exchange (BSE) Training
Institute is organising a one-day training programme on
corporate governance here on October 21 at the new building
of Hyderabad Stock Exchange (HSE).
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Initial
gains not held
Mumbai: Bulls were in control of the initial hours
of Friday's trading. Later on, bears took over and recovered
their early losses. Bulls were successful to the extent
of initiating a few uptrend counters in the tradable list.
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BSE
shuffles A, B1 groups' stocks
Mumbai: The Bombay Stock Exchange yesterday said
that 56 scrips have been shifted from the `B1' to A-group,
making the new list of `A' group equal to 200 scrips.
The changes would come into effect from November 11, the
BSE said in a statement.
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Polaris
sees heightened activity
Mumbai: Polaris Software saw heightened activity
on Friday. Market sources attribute the sharp activity
to the possible change in the swap ratio in the OrbiTech
merger. The talk in the market was that the merger ratio
announced earlier- where shareholders of OrbiTech would
receive approximately 14 newly issued Polaris shares for
every 25 shares held in OrbiTech - is likely to be changed
and that is likely to be more favourable to the shareholders
of Polaris Software.
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Block
deals in Eveready Ind
Kolkata: Everready Industries saw sharp increase
in volumes today on the major bourses, taking the market
by surprise. Backed by a number of block deals, the counter
recorded combined volumes of 6.6 lakh shares on the Bombay
Stock Exchange and the National Stock exchange. The total
traded quantity was just 3,315 shares yesterday on both
the exchanges
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Alliance
cuts stake in United Phos
Mumbai: Alliance Capital Asset Management India
Pvt Ltd has reduced its stake in the agrochemical company
United Phosphorus to 2.43 per cent. The mutual fund had
earlier acquired 13.22 lakh shares, amounting to 5.19
per cent of the paid-up capital of of United Phosphorus,
crossing the five per cent mark on September 15.
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ICICI
Bank, Wipro slide in narrow trading
Mumbai: The benchmark BSE Sensex traded in a narrow
band on Friday to end the week marginally higher even
as the gains in the tech and cement stocks were offset
by ICICI Bank's fall. On Friday, the Sensex edged up marginally
by 3.62 points to close at 3,009.76 points.
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CSE
probe: Police digs up old SHCIL complaint
Kolkata: The Kolkata Police on Friday sprung a
surprise by digging up an old complaint lodged by Stock
Holding Corporation of India Ltd (SHCIL) related to the
March 2001 payments crisis on the Calcutta Stock Exchange.
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