DSP ML launches two new plans
Mumbai: DSP Merrill Lynch Investment Managers has announced the launch of two new schemes - DSP Merrill Lynch Top 100 Equity Fund and DSP Merrill Lynch Savings Plus. Both these schemes will open for an initial public offering on February 10 and closes on February 21.
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HSE Securities expedites steps to acquire BSE card
Hyderabad: Buoyed by the impressive trading volumes registered with the help of the NSE membership card during the last fiscal year, the Hyderabad Stock Exchange (HSE) has now expedited steps to acquire the membership card of Bombay Stock Exchange (BSE) also through its wholly owned subsidiary - HSE Securities Ltd.
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SEBI asks SEs to submit scheme for demutualisation
Mumbai: The Securities and Exchange Board of India has asked the stock exchanges to submit a scheme, together with changes in rules, bye-laws and Articles for corporatisation and demutualisation of stock exchanges.
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Block deals in Concor
Mumbai: Public sector Container Corporation of India (Concor) on Tuesday saw huge block deals on the BSE. Dealers said a leading FII with huge holding in the stock was believed to be the seller. However, the details of the buyers were not known.
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Foreign holding up in ING Vysya Bank
Mumbai: After the acquisition of 44-per cent stake by ING group in ING Vysya Bank, foreign investors have increased their stake in the south-based bank. According to the shareholding pattern, foreign holding in the bank has increased from 55.31 per cent as on September 2002 to 57.54 per cent at the end of December 2002.
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Momentum buying seen in Canara Bank
Mumbai: Bargain buying in Canara Bank saw the stock register huge volumes on the bourses today. The stock closed at Rs 67.80, up 4.23 per cent with around 58.94 lakh shares traded on the BSE. On the NSE, the stock ended at Rs 67.75, up 4.31 per cent with with around 1.57 crore shares traded. Of the traded shares, only 16 per cent was up for delivery on the NSE.
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Sensex slips on opening
Mumbai: The Sensex took a dull start on Wednesday following weakness in tecnology and heavyweight stocks. Old Economy stocks including MTNL, Telco and Tata Steel were also trading in negative territory.
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Dow Jones slips 97 points at close
London: US stocks slumped on Tuesday after American International Group Inc, the world's largest insurer, warned it had greatly underestimated its liabilities, further unnerving investors on edge ahead of a diplomatic meeting that could heighten the threat of war with Iraq.
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Rupee stable; gilts fall
Mumbai: The rupee closed on Tuesday at 47.7900/7950 against the dollar as compared to Monday's close of 47.7825/7900. There were good supplies of the greenback, which was bought by banks short on dollars, a forex dealer said.
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