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HDFC
Mutual launches ATMF service
Mumbai: HDFC Mutual Fund yesterday announced the
national rollout of its Any Time Mutual Fund (ATMF) service
in Delhi, Kolkata, Bangalore and Chennai.
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Heavy
selling in Grasim
Mumbai: The share prices of Larsen & Toubro
Ltd (L&T) and Grasim Industries Ltd moved in the opposite
directions on the bourses in reaction to the Securities
Appellate Tribunal's (SAT) stay yesterday on Grasim's
open offer to shareholders of L&T.
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Sustained
buying lifts second-rung techs
Mumbai: Infotech Enterprise yesterday witnessed
sharp activity on the bourses on sustained buying support.
Market talk is that operators are shoring up volumes in
the counter in anticipation of some positive news from
the company.
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Sensex
closes 8 points up
Mumbai: The Sensex closed with a gain of 8.07 points
at 3228.82 on Friday after a volatile trading session.
The NSE Nifty closed at 1050.15 gaining 0.45 points from
the Thursday's close of 1049.70.
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Sebi
allows 500 firms on derivatives list
The Securities and Exchange Board of India said on Friday
it has approved derivatives trading in more stocks and
has authorised stock exchanges to specify the shares.
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Cefuroxime
booster for Ranbaxy
Mumbai: Ranbaxy Laboratories has been accumulated
by institutional players. Dealers attribute the accumulation
to expectation of higher-than-expected Cefuroxime sales
in 2002.
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Pantaloon
Retail jumps on `Big Bazaar' growth hopes
Mumbai: The shares of Pantaloon Retail India Ltd
(PRIL), a leading multi-format retail chain company, have
been on the rise on the company's initiative into departmental
and discount stores.
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SEs
allowed to expand derivatives segment
Mumbai: The Sebi Board yesterday allowed stock
exchanges to increase the number of securities for derivatives
trading and approved the uniform model of corporatisation
and demutualisation of stock exchanges as recommended
by the Kania Group.
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Keep
off L&T stocks, Sebi tells Grasim
Mumbai: The Securities and Exchange Board of India
(Sebi), which is investigating Grasim's acquisition of
its initial stake in L&T last year, yesterday directed
the company not to acquire further shares of L&T in
any manner until further advice.
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Allahabad
Bank listed at Rs 2.70 premium on BSE
Mumbai: Shares of Kolkata-based Allahabad Bank
listed at a premium yesterday on the Bombay Stock Exchange
at Rs 12.70 per share as compared to the issue price of
Rs 10. However, the share price soon came down to touch
a low of Rs 9.20 before settling to close at Rs 10.10.
Trading volumes touched 10,65,842 equity shares.
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