|
Due
diligence on UTI's NAV schemes begins
Mumbai: An independent due diligence exercise to
fix the value of the assets and liabilities of the net
asset value (NAV)-based schemes to be transferred to a
new entity, UTI-II has been kicked off. The exercise will
also assess the potential value the Government can realise
from the privatisation of this entity.
Back
to News Review index page
Alliance
buys 1 pc more in Polaris Software
Mumbai: Alliance Capital Mutual Fund has acquired
five lakh shares of Polaris Software Lab Ltd in the open
market, amounting 0.98 per cent of the company's equity,
taking its total stake in Polaris to 5.35 per cent.
Back
to News Review index page
Bear
run arrested
Mumbai: Bulls were in total command of Tuesday's
trading activity thereby terminating the six-day long
bear run. Bears failed to make any impact during the day's
trading. Tuesday's market action resulted in increasing
the bull count by a considerable margin.
Back
to News Review index page
BSE
warns members on client code
Mumbai: The Bombay Stock Exchange (BSE) has informed
its members they will have to comply with the Unique Client
Code and if they fail to do so, their trading terminals
will be de-activated from October 31.
Back
to News Review index page
HPCL,
BPCL turn active again
Mumbai: HPCL and BPCL stocks yesterday witnessed
revival of interest on the major bourses with substantial
volumes and price gains. The HPCL stock recorded combined
volumes of 60.21 lakh shares on the BSE and the NSE backed
by several block deals.
Back
to News Review index page
Result
induces swings in Digital
Mumbai: Despite the disappointing financial performance,
Digital GlobalSoft ended flat on Tuesday. The stock, however,
witnessed increased volatility. The main factor attributed
for the stock behaviour was that short sellers appeared
trapped.
Back
to News Review index page
Bank
rate, CRR cuts pep up sentiment for bank stocks
Mumbai: The reduction in bank rate and cash reserve
ratio (CRR) announced by the Reserve Bank of India gave
a boost to the bank stocks yesterday. However, brokers
and analysts said the rise was more sentiment-driven rather
than on fundamentals.
Back
to News Review index page
Bargain-hunting
triggers rally
Mumbai: After six days of downtrend, the stock
market bounced back on renewed buying interest in index
heavyweights Hindustan Lever and Reliance. Movement in
certain stocks was influenced by the earnings performance
for the just gone-by quarter. A few stocks such as IPCL,
ONGC and GE Shipping moved up on the back of good performance.
Back
to News Review index page
Market
round-up
Mumbai: Call eased sharply following the repo rate
cut by 25 basis points to 5.50%. The new cut off rate
for repo under RBI’s LAF will be made available on
October 30, 2002.
Back
to News Review index page
Rupee
gains five paise
Mumbai: The rupee closed around 5 paise stronger
at 48.38/3850 per dollar on Tuesday, though the market
witnessed a fair amount of fluctuations in the early part
of the day. The currency ended at 48.4250/4350 on Monday.
Back
to News Review index page
|
