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First
India's Tax Gain turns open-ended
Kolkata: Five years after it launched a close-ended
equity linked savings scheme, First India Mutual Fund
has turned it open-ended, discarding its 1997 tag and
mandating CAMS (Computer Age Management Services) as its
registrar and transfer agent.
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Activity
remains in narrow range
Mumbai: Monday's trading activity witnessed narrow
movement. Neither the bulls nor the bears could gain from
the day's trading. Market sentiment of the tradable counters
stands neutral.
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BSE
special margin on 42 scrips
Mumbai: The Bombay Stock Exchange has revised special
margins on 42 scrips from Monday. The margin rates have
been revised keeping in view the closing price of the
scrip on the last day of the settlement, the BSE said.
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NSE
revokes suspension
Mumbai: Following satisfactory response to issues
relating to non-compliance with the provisions of listing
agreement, the National Stock Exchange has revoked the
suspension notices on Bharat Hotels, DCM and Pearl Global
Ltd.
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Nalco
lone exception - LME signals boost aluminium stocks
Mumbai: The stock prices of aluminium counters
have of late been rising on the major bourses on the back
of improvement in the commodity price on the London Metal
Exchange. However, the Nalco stock continued to drift
downwards because of the uncertainty over the disinvestment
process.
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Value
buying in Burroughs Wellcome
The stock of Burroughs Wellcome has slowly but steadily
began its upward climb in the last few days. The stock
has gained about 5.21 per cent since November 4.
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ICICI
Bank down on Dabhol worries
Mumbai: The stock of ICICI Bank has taken a beating
on the bourses recently due to investment concerns and
not so encouraging quarterly performance. The stock has
seen a steady decline and shed over seven per cent in
the last five days.
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SEBI
action against brokers
Mumbai: The Securities and Exchange Board of India
(SEBI) has prohibited Indian Finance Guaranty Ltd (member
NSE and OTCEI), Mr Tulsi D. Bhayana and Mr Ashok Kumar
Sardana (both members of the Bhubaneswar Stock Exchange),
and Times Securities Company Ltd for their role in the
alleged siphoning out of funds to the tune of Rs 1.30
crore out of the Bhubaneswar Stock Exchange, including
interest through the exchange's Members' Welfare Trust.
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Canara
Bank IPO opens on Nov 18 at Rs 35
Mumbai: The Rs 385-crore initial public offering
(IPO) of Canara Bank will open on November 18. The issue
of 11 crore-equity shares of Rs 10 each, priced at Rs
35 per share, at a premium of Rs 25 per share will remain
open till November 27.
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Chamber
not for wide powers to SEs on company closure
Mumbai: The Associated Chambers of Commerce and
Industry (Assocham) has cautioned against conferring sweeping
powers to stock exchanges for winding up of a company
based on complaints by investors.
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Indian
bonds do a 007 in the market
Mumbai: Indian paper is once again catching the
fancy of overseas investors with interest rate differentials
with the US further widening following the half percentage
point rate cut by the US Federal Reserve last Wednesday.
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Rupee
firm; securities rise
Mumbai: The rupee closed almost unchanged at 48.25/26
against the dollar on Monday as compared to its previous
close of 48.48.2650/27 in the forex market.
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