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Canliquid
dividend
Mangalore: CanBank Mutual Fund has announced the
fifty-third tranche of weekly dividend in its Canliquid
scheme. The dividend, under the dividend re-investment
plan as on January 20, has worked out to Re 0.0120 per
unit for seven days at a rate of 6.26 per cent per annum
on a face value of Rs 10 based on a net asset value of
Rs 10.0554 as on the record date.
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Bull
sentiment prevails
Mumbai: For the second successive trading day,
the market moved within a narrow band. Bulls managed to
gained control of the day's trading. This resulted in
reducing the bear count by a considerable margin.
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Institutions
up stake in Ranbaxy Lab
Mumbai: Institutional investors (both Indian and
foreign) have sharply increased their shareholding in
Ranbaxy Laboratories over the last 15 months in the backdrop
of the US becoming the company's biggest market.
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Speculative
action in Nedungadi Bank
Hyderabad: The Nedungadi Bank (NBL) stock, which
has been on an upswing in the recent past, yesterday spurted
20 per cent on news of the process of amalgamating the
loss-making bank with Punjab National Bank having received
the Cabinet approval.
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Sensex
to remain under pressure
Mumbai: The Sensex is likely to be weighed down
by selling pressure on Thursday. Technology stocks would
remain subdued following weakness in the US stock markets
on Wednesday. Select Old economy stocks may advance further.
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Dow
Jones slips 124 points at close
Mumbai: US stocks suffered their fifth straight
session of declines on Wednesday, knocking the blue-chip
Dow and the broad Standard & Poor's 500 into negative
ground for the year, as weak outlooks from leaders like
Eastman Kodak Co. chipped away at investor sentiment.
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Rupee
gains 3 paise; gilts up
Mumbai: The rupee ended the day three paise stronger
at 47.9100/9150 against the dollar on Wednesday as against
the previous close of 47.9400/9500 in the forex market.
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