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Arbitrage
opportunity high for Sensex ETF
Mumbai: The Bombay Stock Exchange seems to have
thrown its weight behind the first exchange-traded fund
(ETF) based on the 30-share BSE Sensex, expected to be
launched by Prudential ICICI Mutual Fund.
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Sundaram
MF to pay dividends on 9 funds
Chennai: Sundaram Mutual proposes to declare dividends
on nine of its funds, from December 13 to 27, according
to a company press release.
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UTI
board meet on Mastershare
Mumbai: Unit Trust of India has informed the Bombay
Stock Exchange that its Board of Trustees will meet on
December 23 to consider the proposal to make Mastershare
(a subsidiary of US-86) an open-ended scheme.
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Bull
domination
Mumbai: Bulls were in total command of Friday's
trading activity. Bears were unable to make any impact
during the day's trading. The market sentiment reading
of the tradable counters stands bullish with no downtrend
counters.
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Exit
polls boost Gujarat PSU stocks
Mumbai: The stock prices of the Gujarat government-owned
public sector companies went up sharply yesterday on hopes
of early disinvestment by the State Government in these
companies.
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MTNL
reacts to Reliance move
Mumbai: After a short recovery from its new lows,
MTNL has resumed its downward journey. But this time the
selling was on fear that MTNL might lose major businesses
after the launch of Reliance's limited mobility telecom
service, scheduled for launch on December 28.
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Jaswantspeak
takes HDFC to new high
Mumbai: The stock of Housing Development Finance
Corporation (HDFC) reached a new 52-week high today even
as the Finance Minister, Jaswant Singh, reiterated that
fiscal incentives for the housing sector would continue.
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Euro
firm; but no cheer for most exporters
Mumbai: The euro on Friday touched a high of 1.0225
against the dollar. Similar levels were last seen on July
21 when the euro was at 1.0210, after which it depreciated
to as low as 0.96 in September.
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Re
firms up; gilts higher
Mumbai: THE rupee closed at 48.1750/1775 on Friday
against the dollar as compared to Thursday's close of
48.19/1950 in the forex market.
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