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Re
under check: RBI books forward $
Mumbai: RBI, which has been consistently absorbing
dollars in the spot market to keep the rupee's gains under
check, recently changed its intervention technique to
avoid adding to the huge liquidity overhang in the system.
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4
new schemes from HSBC MF
Mumbai: HSBC Mutual Fund yesterday announced the
launch of four new schemes - the HSBC Equity Fund, Income
Fund, Cash Fund and Institutional Income fund. Both the
income funds include a Short Term Plan and an Investment
Plan.
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Bull
domination
Mumbai: Bulls were in total control of Thursday's
trading activity. Their dominance left the bears with
no opportunity to recover during the day's trading. The
market sentiment reading of the tradable counters stands
strongly in favour of the bulls.
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CSE
members to stop trading from today - AGM adjourned
Kolkata: Around 400 members of the Calcutta Stock
Exchange have decided to shut down their terminals from
today till November 21, according to Sultan Osman, spokesperson
of the CSE members.
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MphasiS
up on BPO order talk
Mumbai: The Bangalore-based software solutions
provider, MphasiS BFL rose five per cent on the bourses
on Thursday as the market buzzed with rumours of the company
bagging a large Business Process Outsourcing (BPO) order.
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Digital
jumps on talk of big orders from parent
Mumbai: The stock of Digital GlobalSoft, the Indian
arm of Hewlett Packard, jumped nine per cent on the bourses
yesterday as talks of the company bagging a $40-million
contract from its parent intensified.
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Tech,
cement stocks to the fore in all-round buying
Bolstered by buying across both new economy as well as
select old economy stocks, the benchmark BSE Sensex posted
a 25.90-point rise to close at 2986.56 points. Mirroring
this rise, the Nifty also gained 9.25 points to end at
971.90 points.
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