Bear onslaught
Mumbai: Bears were in total command of Thursday's trading activity. Their dominance for the fourth successive trading day left the bulls stranded. The market sentiment reading of the tradable counters continues to remain bearish.
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Heavy trading in Morepen Labs
Kochi: Morepen Laboratories has been witnessing a lot of interest in the recent past on the major bourses. While there has been no sustained uptrend in price, the stock has attracted large volumes.
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IT's been a hard week for soft stocks
Mumbai: Software scrips have had a rough time since last Friday. While the BSE Sensex has shed 3.5 per cent to 2,908 in the last four days, the BSE IT sector index has slumped 5.2 per cent to 1,389.
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MTNL sees heavy selling
Mumbai: Tge MTNL stock yesterday saw huge offloading by FIIs followed by traders and operators on the major bourses. On the NSE, the counter declined by 6.48 per cent to close at Rs 95.30 and witnessed volumes of over 15.30 lakh shares.
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HCL Tech under `sell' influence
Mumbai: HCL Technologies continued to move downward following the announcement of its September quarter financial performance, which was below market expectation.
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Grasim raises stake in L&T
Mumbai: Grasim Industries Ltd and its wholly-owned subsidiary, Samruddhi Swastik Trading and Investments Ltd, have acquired an additional 56.10 lakh shares representing 2.26 per cent stake in Larsen & Toubro Ltd.
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Grasim offer: Forum warns SEBI, FIs
Mumbai: The Investor's Grievances Forum (IGF) has said it will file public interest litigation against SEBI and financial institutions such as UTI, LIC and GIC if they fail to block the open offer by Grasim to shareholders of L&T at Rs 190 per share.
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Lalbhais' plea on Amtrex turned down
Mumbai: The Securities and Exchange Board of India (SEBI) has asked Asman Investments Ltd (acquirer), a Lalbhai group company, to make an open offer to the shareholders of Amtrex Hitachi Appliances if it acquires more than 15 per cent shares of Amtrex from ICICI Bank.
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Concerns over earnings hit sentiment
Mumbai: With a 40.91-drop on Thursday, the Sensex registered a fourth consecutive day of decline. After opening at 2944.28, the index managed to scale to a high of 2958.01 before closing at 2908.05, just a shade above the day's low of 2906.2.
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