|
Re
ends weaker; gilts fall
Mumbai: The rupee closed the day almost two paise
weaker at 48.3650/37 against the dollar on Friday as against
previous close of 48.38/39 in the forex market. "There
was not much demand in the market for the greenback.
Back
to News Review index page
SEBI
to speed up enquiry into L&T insider trading
Mumbai: The Securities and Exchange Board of India
has said that it would expedite and try to complete the
investigations into the possibility of insider trading
in Larsen & Toubro (L&T) shares before the open
offer by Grasim for L&T shareholders opens.
Back
to News Review index page
Canbank
MF offers new facility
Mumbai: Targeted towards investors seeking long-term
capital growth, Canbank Mutual Fund has introduced growth
plans in its three schemes, Canpremium, Cancigo and Canexpo.
Back
to News Review index page
Bear
grip tightens
Mumbai: Bears exerted further pressure over Friday's
trading activity. Stock prices across the board moved
downwards. Bulls were unable to make any recovery for
the fifth successive trading day.
Back
to News Review index page
Sensex
hits new 52-week low
Mumbai: Disappointing results from FMCG major Hindustan
Lever and telecom company MTNL saw the BSE 30-share Sensitive
Index (Sensex) touching a new 52-week low to close below
the 2,900-level mark. In Friday's trading, HLL fell Rs
158.30 30 before closing at Rs 160.95 on the BSE and MTNL
touched an all-time low at Rs 90.10 to end at Rs 91.50.
Back
to News Review index page
Polaris
down on merger worries
Mumbai: The much-awaited merger of Polaris and
OrbiTech seems to have come under rough weather. According
to dealers, the market does not expect the merger to be
completed soon as there are doubts about the success of
the operational integration of the companies which means
that Polaris is unlikely to release consolidated results
for the September quarter.
Back
to News Review index page
Block
deals in Godrej; internal reshuffle seen
Mumbai: The counter of Godrej Consumer Products
Ltd yesterday witnessed substantial amount of block deals
on the Bombay Stock Exchange. Eighteen lakh shares changed
hands on the bourse in the early hours of trading.
Back
to News Review index page
Weak
Q2 earnings push CMC further down
Mumbai: Poor quarterly performance took a further
toll on the already declining stock price of Tata Group
company CMC Ltd; the stock has fallen by over 20 per cent
in the past week.
Back
to News Review index page
IPCL
continues to decline
Mumbai: The IPCL stock has been marking a southward
trend on the major bourses over the last one week. The
stock closed today at Rs 56.50 on the BSE and Rs 56.45
on the NSE, shedding over 6 per cent in the last five
trading days.
Back
to News Review index page
|
