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Bear
domination
Mumbai: Bears were in control of Monday's trading
activity. Bulls were unable to make any impact during
the day's trading. Monday's market reaction resulted in
reducing the bull count by a substantial margin.
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Kotak
Mahindra rises on SICOM bid
Mumbai: Kotak Mahindra Finance (KMF) has been firming
up steadily over the past one month in anticipation of
the company announcing commencement of banking operations.
The stock, which was around Rs 129 levels in the first
week of November, is now trading at around Rs 168-171
levels.
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Sensex
remains firm, Infosys gains
Mumbai: The Sensex continued to remain firm in
mid morning trade on sustained buying interest in heavyweights
and technology scrips. Cement pivotals including, L&T,
ACC and Ambuja were in the limelight.
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FII
buying lifts i-flex Solutions
Bangalore: i-flex Solutions has been gaining strength
over the past few days on account of increased institutional
buying. In fact, the stock touched yet another a `new'
52-week high on the BSE yesterday with an intra-day high
of Rs 887.95.
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SKF
runs strong on multiple triggers
Kolkata: SKF Bearings yesterday saw sharp jump
in volumes and decent price rise on the major bourses
on multiple value triggers. On the National Stock Exchange,
the stock recorded volumes of 6.72 lakh shares, up from
last Friday's volumes of 2.32 lakh Incidentally, the average
daily volumes in the counter during the past two months
on the NSE stand at around 1.14 lakh shares. On the Bombay
Stock Exchange, volumes amounted to 3.49 lakh shares,
up from Friday's volumes of 1.58 lakh shares.
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Custodian
puts Harshad's bulk holdings on the block
Mumbai: On the eve of the first death anniversary
of Harshad Mehta, the Office of the Custodian has put
up for sale the stockbroker's huge shareholdings, the
value of which could be nearly Rs 400 crore to Rs 500
crore, in several top companies.
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Rupee
gains 6 paise
Mumbai: The rupee ended on Monday at thirteen month's
high, almost 6 paise stronger at 47.9350/9450 against
the dollar as compared to its previous close of 47.9900/9950.
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