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Bears
prevail
Mumbai: Bears gained control of Monday's trading
activity. The day's activity opened with a bullish note
but bulls failed to capitalise on it. Tuesday's market
action resulted in increasing the bear count by a considerable
margin.
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Tata
Coffee to pick up Barista shares
Kolkata: Tata Coffee Ltd has informed the Bombay
Stock Exchange that its board yesterday decided to subscribe
to 4,56,140 equity shares of Rs 10 each at a premium of
Rs 50 per share offered by way of the rights issue by
Barista Coffee Company Ltd.
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Dow
gains 194 points at close
Mumbai: Fervent bargain hunters snatched up stocks
discounted by two weeks of declines on Monday, sending
the Dow Jones industrials soaring more than 190 points.
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Block
deals in key counters
Mumbai: It was a day of block deals in some of
the leading index counters. The stocks that witnessed
such deals included ACC, Hindustan Lever, MTNL and GAIL.
Other counters that attracted smaller block deals were
ITC and HDFC.
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Ramco
Systems surges on Boeing order for ERP
Mumbai: The stock price of Ramco Systems, developer
for ERP packages, has gained over 200 per cent since the
beginning of November on reports that the company has
bagged an order from aircraft manufacturer Boeing for
ERP package.
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Videocon
Intl gains on new triggers
Mumbai: The Videocon International stock today
saw surge in volumes compared to that on Friday on the
major bourses. The price line of the stock was also upwardly
mobile.
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Pritish
Nandy gains as Kaante is set for release
Mumbai: The stock price of Pritish Nandy Communications,
film production and media company, gained sharply today
on the announcement that the company's big budget multi-starrer
film `Kaante' will hit cinema halls on December 20.
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Real-time
gross settlement in a year: SEBI
Mumbai: The Reserve Bank of India is likely to
introduce real-time gross settlement (RTGS) in a year's
time, the Chairman, Securities and Exchange Board of India
(SEBI), G.N. Bajpai, has said.
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Re
up 3 paise; gilts buoyant
Mumbai: The rupee ended high on Monday at 48.1450/1500
against the dollar as compared to its previous close of
48.1750/1775 in the forex market.
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