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Infotech
Enterprises gains sharply
Mumbai: The Infotech Enterprises Ltd (IEL) stock
yesterday touched Rs 217, the peak price in the current
rally and gave investors an opportunity to book profit.
The volumes were significant at the counter on the major
bourses with several block deals.
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HP
exit talk lifts Digital
Mumbai: Digital GlobalSoft stock gained ahead of
the company's meeting on Wednesday for restructuring.
The market talk was that the after the global merger of
Hewlett Packard (HP) and Compaq, HP is likely to exit
from Digital.
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SEBI
initiates action on Manna Glass directors
Hyderabad: In an attempt to send strong signals
to errant companies of action under the new powers acquired,
the Securities and Exchange Board of India (SEBI) has
initiated penal proceedings against the Ahmedabad-based
Manna Glass Tech Industries Ltd for deliberately causing
inconvenience to the investors.
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Firm
trend in HLL, tech stocks stem decline
Mumbai: A rally in technology stocks helped the
equity market shrug off the negative impact of the Disinvestment
Minister's announcement on December 9.
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Dow
up 100 points at close
Mumbai: US stocks jumped on Tuesday as an upbeat
forecast from computer disk-drive maker Maxtor and hopes
of a year-end rally helped bring buyers back into a market
beaten down in recent sessions.
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Rupee
steady; G-securities decline
Mumbai: The rupee closed almost unchanged at 48.1950/2050
on Tuesday against the dollar as against previous close
of 48.1950 in the forex market.
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Market
round-up
Mumbai: Call ruled easy amidst lesser demand for
funds. The rates closed a tad lower at 5.40-50% compared
to Monday’s closing level of 5.50-60%. There was
receding demand for funds from the borrowing participants.
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