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Bull
onslaught
Mumbai: Bulls were in total command of Friday's
trading activity. Their dominance for the second successive
trading day left the bears stranded.
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Market
greets sell-off, Sensex soars
Mumbai: The breaking of the three-month deadlock
over disinvestment in BPCL and HPCL on Thursday spelt
magic for stock markets on Friday. The BSE 30-share Sensex
shot up by 77 points or 2.4% to end at a near 5-month
high at 3,306. The 77-point spurt in the Sensex added
Rs 15,537 crore to investor wealth.
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Oil
stocks flare up
Mumbai: The stock market witnessed a flare-up in
almost all oil companies' stock prices yesterday on reports
that the Union Government had arrived at a consensus on
the sale of its stake in Hindustan Petroleum Corporation
Ltd and Bharat Petroleum Corporation Ltd.
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Zee
Tele gains on fund backing
Mumbai: Zee Telefilms Ltd saw huge volumes on the
bourses on Friday. According to market players, a good
amount of institutional activity was witnessed in the
counter. A tranche of 20 lakh shares is rumoured to have
been picked up by a prominent domestic buyer. The stock
has been experiencing a revival of sorts since Thursday
after being hammered to Rs 91 levels. It has gained over
13 per cent since December 4.
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SEBI
asks bourses to ready potential derivatives list
Mumbai: The Securities and Exchange Board of India
(SEBI) has asked the stock exchanges to announce the potential
stocks that could be included in the derivatives segment
and seek approval of the same.
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PSU-led
rally takes other counters along
Mumbai: The Government's reiteration of its commitment
to the disinvestment programme boosted the prices of public
sector undertaking (PSU) stocks on Friday, the last trading
session of the week.
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Re
stable; bond declines
Mumbai: The Indian currency closed stronger at
48.2150/2250 per dollar in an otherwise lacklustre forex
market on Friday, as compared to Thursday's close at 48.25/26.
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