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Benchmark
lines up one more ETF
Mumbai: Benchmark Mutual Fund has lined up an exchange-traded
fund (ETF) based on the technology index of the National
Stock Exchange (NSE).
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US-64
can be converted to tax-free bonds
New Delhi: Units of US-64 can be converted into
tradable five-year tax-free Government bonds from June
1. In a notice to the National Stock Exchange, UTI on
Monday said ``units of Unit Scheme 64 issued on or before
June 30, 2001 either held by original unit holders of
by the buyers of these units in the secondary market,
after re-opening for trading will be treated as tax-free
tradable bonds with effect from June 1''
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Steep
fall
Mumbai: Bears were in total control of Monday's
trading activity. Stock prices across the board fell drastically.
Bulls were unable to make any impact during the day's
trading. The sentiment reading of the tradable counters
remains strongly bearish.
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New
Chairman for Cochin SE
Kochi: The Cochin Stock Exchange has elected retired
Justice John Mathew as its new Chairman. Mathew is one
of the public representatives on the 13-member board of
the exchange.
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FII
grabs ITC
Mumbai: ITC was in demand among foreign investors
on Monday. Dealers said a leading FII was believed to
have bought a large chunk of ITC shares on the NSE through
block deals, pushing up trading volumes on the NSE; about
5.44 lakh shares were traded on on the NSE. On the BSE,
however, only 66,335 shares were traded.
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BPCL
falls 6.6 pc
New Delhi: Bharat Petroleum Corporation Ltd (BPCL)
fell yesterday by 6.6 per cent on the BSE to Rs 200.40
from the previous day's close of Rs 213.65 per share on
news that the company's shares would be disinvested at
a discount to market price.
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IBP
tumbles on weak numbers
Mumbai: The IBP stock was hammered on the bourses
today post-announcement of its third quarter financial
performance on Friday. The stock plummeted by about 7.32
per cent on the BSE ending the day at Rs 218.40.
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Maruti
IPO to hit market in March
New Delhi: The public issue will mark the second
stage of divestment after Suzuki Motor Corp acquired management
control last year.
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Radaan
Media to raise Rs 10.85 cr through IPO
Chennai: Radaan Mediaworks (I) Ltd, the city-based
television content company promoted by actress R. Radikaa,
is entering the capital market to raise Rs 10.85 crore
through an initial public offer.
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Sensex
to drop further on Tuesday
Mumbai: The Sensex is likely to remain subdued
on Tuesday as selling pressure may continue following
US-Iraq war fears. Technology stocks would be hit by a
steep fall in the US markets on Monday. PSU stocks might
see some action buoyed by renewed impetus to the disinvestment
process.
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Dow
slips 141 points a close
London: US stocks sagged on Monday, sending the
Dow index below 8,000 for the first time since mid-October,
as investors ignored upbeat data on brisk home sales,
opting to sell amid growing uncertainty over Iraq.
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Rupee,
gilts decline
Mumbai: The rupee dipped over two paise to close
at 47.9050/9150 against the dollar on Monday as compared
to the previous close of 47.8825/8900 in the forex market.
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