Bear domination
Mumbai: Bears were in total control of Thursday's trading activity. Bear dominance left the bulls with no opportunity to recover during the day's trading. The market sentiment reading of the tradable counters stands bearish.
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Satyam tumbles on weak numbers
Chennai: Satyam Computer Services yesterday fell drastically along with sharp rise in the trading volumes following the third quarter results that were below the company and market expectations. Satyam closed 6.88 per cent lower at Rs 242.25 with volumes of 91.86 lakh shares on the BSE. On the NSE, the stock closed at Rs 242.20, down 6.97 per cent with volumes of 2.02 crore shares.
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UTI picks up over 5 pc stake in BEML
Mumbai: Mutual Funds, including UTI, picked up considerable stake in Bharat Earth Movers Ltd (BEML) during the quarter ended December 30, 2002. Mutual Funds holdings have now gone up to 10.31 per cent (December end) from 4.24 per cent (September end) last year.
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HPCL volatile in 2002
Mumbai: The top three constituents of the Sensitive Index of the Bombay Stock Exchange Reliance Industries, Hindustan Lever and Infosys each recorded average daily volatility of around two per cent in the last calendar year.
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SEBI debars Hinduja TMT for 2 years
Mumbai: The Securities and Exchange Board of India yesterday restrained Hinduja TMT Ltd from dealing in securities as a capital market intermediary for two years for violating its regulations.
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Rupee at year-high; gilts fall
Mumbai: The rupee touched a new high against the dollar for the second day in a row. The domestic unit finished at a 12-month high of 47.8975/9000 against the dollar on Thursday, higher by two paise over the previous day's close of 47.9100/9150.
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