Reliance
fund raises Rs 230 cr
Mumbai: Reliance Short Term Fund has notched up
subscriptions worth over Rs 230 crore, a press release
from Reliance has said. The scheme, targeted at investors
with short-term surpluses, was launched on December 9.
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FII
factor raises interest in SBI
Mumbai: The stock price of country's largest bank,
State Bank of India (SBI), gained today on media reports
that the Government would exclude the bank's Global Depository
Receipts (GDRs) from the FII limit.
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HCL
Tech jumps on restructuring
Kolkata: The stock of HCL Technologies today flared
up on the stock exchanges on the company's announcement
of a major restructuring plan. The stock, after touching
the day's high at Rs 193.80, closed at Rs 191.70 on the
Bombay Stock Exchange against previous day's close of
Rs 183.25
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SEBI
issues norms on derivative products
Mumbai: The Securities and Exchange Board of India
(SEBI) yesterday said stock exchanges can introduce stock
options and futures for unlisted companies coming out
with initial public offering if the net public offer is
Rs 500 crore or more at the time of its listing in the
cash market.
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Dr
Reddy's gives a shot in the arm for markets
Mumbai: Shaking off a two-day slump, stock prices
of pivotals rose on Wednesday. The BSE Sensex closed the
day with a gain of 0.67 per cent. The Nifty ended with
a lower gain of 0.32 per cent.
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Re
strengthens; gilts weak
Mumbai: The rupee gained strength on Wednesday
to close at 48.1250/1300 against the dollar as compared
to Tuesday's close of 48.1375/1425 in the forex market.
There was good supply of the dollars, which helped the
rupee to strengthen.
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