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Rupee
up 4 paise; gilts weak
Mumbai: The rupee closed almost 4 paise firmer
on Monday at 48.35/3550 against the dollar as compared
to its previous close of 48.3950/4000. The supply of the
dollar bunched up over the weekend is believed to have
to propped up the rupee, said a forex dealer.
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Sun
Pharma plans stock split, buyback
Mumbai: Sun Pharmaceutical Industries Ltd plans
to split its Rs 10 share into two shares of Rs 5 each.
The company's board of directors would meet on October
28 to consider the stock-split and buyback of shares,
Sun Pharma told the Bombay Stock Exchange yesterday.
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Trading
in US-64 suspended from Oct 25
Mumbai: Trading in units of US-64 of Unit Trust
of India (UTI) will be suspended from October 25 on account
of the proposed splitting of the plan into two parts,
according to a notification on the National Stock Exchange.
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Bears
prevail
Mumbai: Bears were in control of Monday's trading
activity. They were successful to the extent of terminating
the uptrend in most counters in the tradable list. Bulls
were unable to make any impact during the day's trading.
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Block
deal in ETC Network
Mumbai: After remaining calm for quite some time,
the media company ETC Network witnessed huge volumes on
the BSE. Dealers said there was a huge block deal of over
5 lakh shares on the BSE. There was hardly any impact
on the stock price.
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Kotak
report leads to selling in Balaji Tele
Mumbai: The stock price of media company Balaji
Telefilms Ltd has been falling over the last few days
on concern that the company would not been able to sustain
the ratings and pricing for TV serials on leading channels,
analysts have said.
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BSE
imposes special margin on 46 scrips
Mumbai: The BSE has imposed special margins on
46 scrips from Monday. The special margin would be imposed
on the basis of member-wise gross purchases or sales position,
the BSE said.
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FIIs
step up exposure in Pritish Nandy
Mumbai: Foreign institutional investors (FIIs)
stepped up their exposure in Pritish Nandy Communications
Ltd during the quarter ended September. FIIs' holdings
in the company have more than doubled at 14.7 per cent
during this quarter against 6.11 per cent in the previous
year.
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Profit-booking
in tech stocks amid thin trading
Mumbai: The benchmark BSE Sensex traded in a narrow
band on Monday and ended the day marginally lower, as
some information technology stocks witnessed profit booking.
At the close of trading on Monday, the BSE Sensex went
down by 11.75 points points (0.39 per cent) to close at
2,998.01 points. Losers outnumbered gainers six to five
in a thin trade of 57 million shares, down from Friday's
83 million shares.
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CSE
probe: Police query SHCIL chief executive
Kolkata: The CEO of Stock Holding Corporation of
India Ltd (SHCIL), K.C. Bandopadhyay, yesterday appeared
before the Kolkata Police in connection with the latter's
probe into the March 2001 payments crisis on the Calcutta
Stock Exchange.
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