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Heavy
volumes in Indo Gulf
Kochi: Indo Gulf Corporation registered large volumes
on the bourses yesterday with several block deals. The
stock, however, finished marginally lower. Indo Gulf closed
the day at Rs 52.75 with around 24.8 lakh shares traded
on the BSE. On the NSE, the stock closed at Rs 52.90 with
around 11.48 lakh shares traded.
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ADR
put-off talk downs Infosys
Hyderabad: Infosys Technologies led the tumble
in technology stocks on Monday on the back of talks that
the company was likely to defer its proposed sponsored
ADR issue in the wake of weak sentiment and war concerns
battering US markets.
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FIIs'
buying lifts HDFC
Mumbai: Foreign institutional investors' (FIIs)
fancy for housing finance company HDFC was again seen
on Monday. This led to the stock gaining 4.3 per cent
at Rs 391.30 with volumes of 1.04 lakh shares on the BSE.
On the NSE, the stock closed at Rs 393.50, up 4.61 per
cent with volumes of 2 lakh shares.
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Capital
goods stocks firm up on weak day
Mumbai: The BSE Sensex and the NSE's S&P CNX
Nifty ended Monday down by around four-fifths of a percentage
point affected by weak sentiment. Rising interest states
affected sentiment for bank stocks while hurdles emerging
against business process outsourcing affected IT stocks.
Almost all major IT and bank stocks shed more than 3 per
cent.
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Indian
Bank plans IPO in 2004
Indian Bank would come out with its maiden public issue
in the calendar year 2004, the bank's Chairperson and
managing director, Ranjana Kumar, said.
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State
Bank of Mysore IPO likely next year
Hyderabad: State Bank of Mysore , the Bangalore
headquartered associate bank of State Bank of India (SBI),
hopes to tap the capital market with its initial public
offer (IPO) sometime next fiscal to strengthen its capital
to risk assets ratio (CRAR) as as well as provide adequate
liquidity to the existing shareholders.
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Dow
Jones up 56 points at close
London: US stocks rose on Monday as Baghdad's move
to allow overflights by U-2 surveillance planes curbed
widespread fears of an imminent war on Iraq and lured
investors after four straight down weeks on Wall Street.
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Rupee
rises; gilts bullish
Mumbai: The rupee ended on Monday at 47.6900/6950
against the dollar, higher when compared to Friday's close
of 47.7025/7125 in the forex market.
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