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Restricted
movement
Mumbai: Friday's trading activity witnessed restricted
movement. Prices of the tradable counters moved within
a close band. Bulls managed to gain from the day's trading.
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Dr
Reddy's sheds some gains
Mumbai: Dr. Reddy's victory in the US courts to
market the generic drug, amlodipine maleate, saw the stock
moving northwards all of this week. The stock had gained
about 12 per cent since December 13, in anticipation of
a favourable verdict.
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Tata
Steel up on price trend talk
Mumbai: The market is rife with talk of rise in
the international steel prices. This would benefit a number
of Indian steel companies. Dealers said the major beneficiary
of a price rise would be Tata Iron & Steel Company
(Tata Steel).
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Sun
Pharma EGM okays stock split
Mumbai: Sharreholders of Sun Pharmaceutical Industries
Ltd approved a stock split of face value Rs 10 to Rs 5
and buyback of its equity shares at the extraordinary
general meeting held yesterday.
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BSE
resumes trading in Seamec
Mumbai: The Bombay Stock Exchange has resumed trading
in South East Asia Marine Engineering & Construction
(SEAMEC) (formerly Peerless Shipping) from today. The
BSE had suspended trading in SEAMEC since November 21
following volatile price movement.
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Satyam
Comp 280 calls open-interest jumps
Chennai: Satyam Computer continued its domination
in the options segment on the NSE on Friday, with December
280 calls and puts recording 1,285 and 661 contracts respectively.
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Activity
in index constituents muted
Mumbai: After a firm start, the Sensex was pegged
to lower levels during the latter half of the day's trading.
It touched a high of 3356, after opening at 3339.46. Later
in the day, it touched a low of 3329.10 and closed marginally
higher at 3337.22.
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Rupee
continues rally, closes at new ’02 high
Mumbai: The rupee gained sharply against the dollar
on Friday, and closed at 48.00-02, a new 2002 closing
high for the fifth consecutive day. The rupee was also
seen at 47.97 in intra-day trades, getting support from
steady dollar inflow.
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