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Sun
F&C rules out merger of Jardine scheme, income fund
Kolkata: A few months after taking over two schemes
floated by Jardine Fleming, SUN F&C Mutual Fund has
sought to drive home the difference between its flagship
income fund and the bond fund that was originally Jardine's.
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Bears
march ahead
Mumbai: Bears extended further pressure over Tuesday's
trading activity. Their dominance for the second successive
trading left the bulls with no opportunity to recover.
The market sentiment reading of the tradable counters
stands bearish.
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ABB
trips as parent issues profit-warning
Mumbai: The stock of electrical engineering major
ABB fell sharply yesterday following the announcement
by the company's parent in Zurich of profit warning and
plans to file for creditor protection for the US unit
that is saddled with asbestos claims.
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ONGC
slips as crude prices soften
Mumbai: The ONGC stock yesterday moved down by
around 6 per cent on major bourses on a selling binge
as global crude oil prices softened on Tuesday. "Crude
(Brent) for November delivery fell to $26.59 from Monday's
level of $28 a barrel.
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HCL
Tech tumbles as numbers disappoint
Mumbai: The stock of HCL Technologies crashed by
almost 18 per cent on the bourses on the back of disappointing
quarterly results announced yesterday. On the Bombay Stock
Exchange (BSE), the stock fell 17.85 per cent to close
the day at Rs 174.65 and on the National Stock Exchange
(NSE), the stock fell 18.27 per cent to close at Rs 175.10.
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Hero
Honda volatile on funds' activity
Mumbai: Hero Honda in the last couple of weeks
has been very volatile. This was evident on Wednesday
as well when the stock fell by 6.43 per cent at Rs 235.85
with volumes of 3.67 lakh shares on the BSE. On the NSE,
the stock closed at Rs 235.50, down down 6.64 per cent
with volumes of 6.25 lakh shares.
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VSNL
hits 52-week low on bourses
Mumbai: Videsh Sanchar Nigam Ltd yesterday sank
to its 52-week low on both BSE as well as NSE, touching
Rs 97.1 per share on BSE and Rs 98.3 per share on NSE
before closing on both the exchanges at Rs 100.8 per share.
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Eicher
Motors down on profit-booking
Mumbai: The Eicher Motors stock yesterday declined
by about 3.5 per cent on profit booking after yesterday's
price spurt on the major bourses following announcement
of better second quarter results.
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SEBI
cancels registration of 65 brokers
Mumbai: SEBI yesterday cancelled the registrations
of 65 stockbrokers, who are member of various stock exchanges.
Of these, 12 were members of the NSE. Registration of
these brokers has been cancelled after they were declared
defaulters by the stock exchange statement.
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Heavy
selling in tech, two-wheeler stocks
Mumbai: Equities ended the day on a weak note after
jittery investors began to book profit in technology stocks,
and thereby triggered a slide across-the-board. The BSE
Sensex ended the day at 2,965.97 points, lower by 32.04
points (1.07 per cent) in relation to the previous close.
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Re
slips; gilts range-bound
Mumbai: The rupee closed weaker at 48.3625/37 against
the dollar on Tuesday as compared to Monday's close of
48.35/3550 in the forex market.
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Market
round-up
Mumbai: Call held rocksteady on Tuesday. Opening
the day at 5.70-75% as compared to the overnight level,
call ruled in a thin range between 5.70% and 5.75%. Most
of the deals were, however, struck at 5.75%.
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