Bulls march ahead
Mumbai: Bulls were in control of Tuesday's trading activity. Their dominance has now extended for the tenth successive trading day. During the wee hours of the day's trading, bears managed to make a partial recovery.
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Hind Motors up on positive triggers
Mumbai: The Hindustan Motor stock has been riding on a number of positive news. The stock has appreciated by 25 per cent from Rs 7.5 level over the past 12 days. The stock closed at Rs 9.35 on the Bombay Stock Exchange after touching a day's high of Rs 9.85
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Indigo drives up Tata Engg
Mumbai: Tata Engineering stock has been in demand during the last few days. On Tuesday the stock touched a new 52-week high. The price rise has been attributed to two factors. First, the company's plan to launch a new car `Indigo' in January next year and second, hopes of good profits for the financial year.
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Divestment hopes revive HPCL
Mumbai: The HPCL stock has been attracting sharp activity in the last two days. Market sources attributed the sudden increase in the activity to a possible Cabinet decision on the divestment of Government stake in Hindustan Petroleum Corporation Ltd.
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NSE derivatives turnover crosses Rs 3,000 cr
Mumbai: Trading volumes on the National Stock Exchange (NSE) derivatives segment yesterday crossed the Rs 3,000-crore mark for the first time since the launch of the derivatives trading. The exchange recorded volumes of Rs 3028.15 crore.
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Grasim hearing today as SEBI makes its case
Mumbai: The Securities and Exchange Board of India (SEBI) yesterday filed an affidavit before the Securities Appellate Tribunal (SAT) to show that it has fresh evidence to investigate whether the Birlas obtained management control when they acquired a 10.6 per cent stake in Larsen & Toubro from the Reliance group last year.
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SEBI to review `takeover code'
Mumbai: The Securities and Exchange Board of India (SEBI) is expected to take a re-look at the provisions of the `takeover code' in view of the recent developments involving Larsen and Toubro and Grasim, and ACC and Gujarat Ambuja cases.
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Banking advisory board to probe UTI investments
New Delhi: The investments made by the Unit Trust of India in Essar Oil and 18 other companies have been referred to the Advisory Board on Banking, Commercial and Financial Frauds, the Finance Minister, Jaswant Singh, said on Tuesday.
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Re range-bound; gilts up
Mumbai: The rupee ended on Tuesday at 48.21/22 against the dollar as compared to Monday's close of 48.20/21 in the forex market. The domestic unit was seen to be range-bound, with the currency having opened at 48.21.
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