|
Sensex
to witness profit-booking
Mumbai: Following a sharp surge in the last one-month,
profit-taking has gripped the bourses in the last two
trading sessions. Dealers hail the current decline in
the market and term it a much-needed correction.
Back
to News Review index page
Dow
slips 6 points at close
Mumbai: Technology stocks sagged on Wednesday after
a disappointing forecast from computer maker Hewlett-Packard
and sour investment calls on chip-related companies, but
the Dow average was little changed as tech jitters sent
investors jumping into blue chips.
Back
to News Review index page
Re
strengthens; gilts tumble
Mumbai: The Indian currency closed stronger by
around 5 paise at 48.20/21 to the dollar on Wednesday
as compared to Tuesday's close at 48.2550/2650.
Back
to News Review index page
Punjab
Tractors sale will trigger open offer in arms
New Delhi: The strategic sale of Punjab Tractors
Ltd (PTL), the tractor maker promoted by Punjab State
Industrial Development Corporation Ltd (PSIDC), will trigger
open offer in two other PTL-promoted companies, Swaraj
Mazda Ltd and Swaraj Engines Ltd, a top official with
the Directorate of Disinvestment, Punjab Government has
said.
Back
to News Review index page
Sundaram
Mutual rules out new partner
Mumbai: Sundaram Mutual Fund has ruled out the
possibility of bringing on board a new partner, one that
some quarters thought will replace its former overseas
associate, Newton.
Back
to News Review index page
Bear
onslaught
Mumbai: Bears extended their pressure over Wednesday's
trading activity. Their dominance for the second successive
trading day left the bulls with no opportunity to recover.
Stock prices across the board fell sharply.
Back
to News Review index page
CSE
scam probe: Broker Singhania in custody
Kolkata: S C Misra, Chief Metropolitan Magistrate
(CMM), Calcutta, has remanded Mr Dinesh Singhania to jail
custody till December 17.
Back
to News Review index page
Open
offer hopes pep up Colgate
Mumbai: There was a sharp rise in Colgate Palmolive
on Wednesday. The stock gained 3.92 per cent at Rs 133.95
on the BSE with volumes of 81,571 shares. On the NSE,
the stock closed at Rs 134, up 4.12 per cent with volumes
of 1.29 lakh shares.
Back
to News Review index page
Hindalco
slips on LME prices - Indo Gulf takes a reverse hit
Mumbai: The Hindalco stock yesterday declined on
the major bourses mainly because of profit-bookings and
also to some extent on easing of aluminium prices at the
LME on Tuesday.
Back
to News Review index page
Wipro
falls 10 per cent
Mumbai: Wipro fell sharply on media reports that
the company might issue more American Depository Receipts
(ADRs) to fund its new acquisitions. The stock fell 10
per cent to Rs 1,536.50 on the BSE with volumes of 11.66
lakh shares.
Back
to News Review index page
Punjab
PSUs harvest on divestment hopes
New Delhi: Punjab Tractors, Punjab Alkalies and
Chemicals and Punjab Communications witnessed a surge
along with increased volumes on divestment hopes on Wednesday.
The state government has invited bids for a 23.5-per cent
stake in the country's second largest tractor maker. The
other two companies are also said to be on the sale list.
Back
to News Review index page
SEBI
to review VC funds norms
Mumbai: The Securities and Exchange Board of India
(SEBI) will review the guidelines for venture capital
(VC) funds in order to attract fresh funds into the various
emerging sectors of the country.
Back
to News Review index page
Grasim-L&T
case: Bajpai assures early decision
Mumbai: SEBI chairman G N Bajpai has promised that
the capital market regulator would complete its investigations
on Grasim's acquisition of initial stake in L&T without
much delay.
Back
to News Review index page
|
