No piggy ride for media stocks now
Mumbai: Media stocks rode piggyback on IT stocks during the boom year 2000. While there has been a recovery of sorts for mainline IT stocks since then, the media stocks, however, continue to languish at the bourses.
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Despite attractive valuations - Only few takers in the market
Mumbai: The BSE Sensex last week gained marginally by 6.26 points. The probable scenario of this week is range-bound trading. According market players and analysts, the market is plagued by lack of confidence and the resultant absence of buying interest.
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Infosys registers new 52-week high
Mumbai: The US markets did not react much to the US Federal Reserve's rate cut during last week. For the first time in five weeks, the broader S&P 500 and the tech-focussed Nasdaq Composite index fell while the Dow Jones Industrial Average just managed to end firm. The S&P-500 dropped 0.7 per cent last week to close at 894.74 over the previous week close of 900.96 and Nasdaq 0.1 per cent to 1359.28 (1360.70). The Dow gained 0.2 per cent. Back to News Review index page  

Govt to go ahead with Maruti IPO
After failing to enlist the support of financial institutions and the Securities and Exchange Board of India (SEBI) on a hard underwriting plan, the Government is set to proceed with the original proposal on the first public issue in carmaker Maruti Udyog Ltd (MUL) involving an offer of 36 lakh shares at Rs 2,300 per share.
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