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Pru
ICICI MF assets cross Rs 10,000 cr
New Delhi: Prudential ICICI Mutual Fund has become
the country's first private sector mutual fund to cross
Rs 10,000 crore of assets. At the end of November 30,
2002, the fund had assets worth Rs 10,258.80 crore under
management.
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US
stocks upbeat at close
Mumbai: US stocks rose for a second straight day
on Wednesday, boosted by an analyst's forecast of higher
sales at software maker Oracle Corp. and hopes that a
year-end rally will ease the pain of a tough year for
Wall Street.
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Early
gains not held
Mumbai: Bulls exerted further pressure during the
initial hours of Wednesday's trading. Later on, bears
made a smart recovery and recouped their early losses.
Neither the bulls nor the bears could gain much from the
day's trading.
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Pvt
placement talk jacks up UTI Bank
Mumbai: UTI Bank witnessed a sharp rise in the
stock price along with volumes on Wednesday. The stock
gained 12.76 per cent at Rs 43.75 on the BSE with 3.16
lakh shares being traded compared with 15,981 shares traded
on Tuesday.
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Bank
of Baroda gains as sentiment turns positive
Mumbai: The Bank of Baroda stock yesterday touched
its 52-week high of Rs 69 and closed slightly lower at
Rs 68.50 on the Bombay Stock Exchange. The stock is riding
high on expectations of a significant improvement in the
recovery of its NPAs.
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M-cap:
bank stocks add Rs 6,000 cr
A sustained rally in banking sector stocks, which was
triggered after the Securitisation Bill was passed, has
raised investor wealth in these stocks by Rs 6,000 crore
to Rs 44,000 crore.
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SEBI
debars Rakesh Mehta
Mumbai: The Securities and Exchange Board of India
has debarred stockbroker Rakesh G. Mehta, Director, Renaissance
Securities Ltd, from accessing the securities market and
dealing in securities in any manner.
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Infosys,
bank stocks save the day
Mumbai: Investment in select banking and technology
stocks helped pull up indices marginally. The BSE Sensitive
Index ended the day at 3,303.27 points, a rise of 0.41
per cent.
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Rupee
hits calendar high at 48.14 vs dollar
Mumbai: The rupee on Wednesday closed at 48.1475/1575
per dollar, the highest level this calendar year. It gained
almost five paise from its previous close of 48.1950/2025,
getting comfort from steady export dollar sales and inward
remittances.
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