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Sensex
likely to remain subdued
Mumbai: The Sensex is likely to remain subdued
on Wednesday with decline in technology scrips following
weakness in the US markets on Tuesday. Buying interest
in the second-line technology scrips may, however, continue
for some period.
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Dow
slips 120 points at close
Mumbai: US stocks slumped at close on Tuesday after
anemic forecasts from media giant AOL Time Warner and
mobile phone leader Nokia fanned doubts about the durability
of a two-month rally.
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Bears
dominate Tuesday's market
Mumbai: Bears were in control of Tuesday's trading
activity thereby ending the continuous bull-run. Tuesday's
market action resulted in reducing the bull count by a
considerable margin.
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FII
selling weakens Hero Honda
Mumbai: Despite Hero Honda announcing good monthly
sales numbers, institutional investors are hesitant to
add more shares of the company to their portfolio. This
is due to a leading FII planning to exit the stock.
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Kochi
Refineries, GAIL tumble on disinvestment doubts
New Delhi: Disinvestment minister Arun Shourie's
comment on the progress of privatisation being dependent
on the Prime Minister and the Deputy Prime Minister served
as a dampener to PSU stocks such as Kochi Refineries and
GAIL.
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BSE
warning on bogus deals
Mumbai: The Bombay Stock Exchange has said some
unscrupulous persons are misusing the trading system by
making bogus deals in illiquid shares. According to the
BSE, these persons lure BSE members to deal in certain
B-2 and Z group stocks or illiquid stocks by placing buy
orders.
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SEBI
for cut in derivatives' contract size
Mumbai: The Securities and Exchange Board of India
(SEBI) will soon write to the Government to reduce the
minimum contract size of derivatives from the present
level of Rs 2 lakh to Rs 1 lakh.
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Kolkata
cops to oppose KP bail
Kolkata: In an interesting twist concerning the
arrest of former bull operator Ketan Parekh, a city-based
court granted him bail on Tuesday even as he was being
whisked away to Kolkata by the Kolkata police after securing
a transit remand.
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Sebi
to give its view soon on Grasim investments
in L&T
Mumbai: The Securities and Exchange Board of India
will soon take a view on the investments made by Grasim
Industries in Larsen & Toubro. This decision follows
the Securities Appellate Tribunal’s ruling in favour
of the regulator.
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Mid-term
review, profit-bookings mar sentiment
Mumbai: A not-so-flattering mid-year economic report
released by the Government led to an outbreak of profit-bookings
in most counters on the bourses on Tuesday. Strong selling
pressure was witnessed in information technology counters
as well as old economy stocks.
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Re
strengthens; gilts up
Mumbai: The rupee ended on Tuesday at 48.2550/2650
against the dollar as compared to Monday's close of 48.27/28
in the forex market. There was plenty of supply in the
market, said a forex dealer.
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