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Escorts MF plans to launch high dividend yield scheme
New Delhi:
Escorts Mutual Fund proposes to launch a high dividend yield scheme as part of its plan to extend its portfolio of equity products.
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Turnover woes haunt CSE
Kolkata:
Turnover-related problems continue to torment the Calcutta Stock Exchange (CSE), the low volumes that are being currently generated on it notwithstanding. section of CSE members has informed the authorities that they have difficulty in complying with requirements listed by the Securities and Exchange Board of India (SEBI) as they cannot access turnover data.
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BSE suspends 17 cos
Mumbai:
The BSE on Thursday suspended trading and refused listing application of 17 companies whose dematerialised securities are traded on the exchange without permission. The decision follows the exchange receiving complaints that some companies have dematerialised securities, which are traded on the exchanges without obtaining listing permission.
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SKF slips on profit-taking
Mumbai:
The SKF Bearings India Ltd stock, which has seen a steady upward movement on the major bourses with heightened activity since early this month, remained active on Thursday but failed to close higher over Wednesday's closing.
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Approval of Bill drags ITC only marginally
Kolkata:
But for registering a marginal weakness, ITC did not lose its sheen following the Union Cabinet approval of the amended Cigarettes and Tobacco Bill. The stock ended the day at Rs 635.60 on the BSE, down one per cent with 45,117 shares traded. On the NSE, the stock closed at Rs 636.05, down 1.04 per cent with 91,276 shares traded.
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Block deals in GlaxoSmithKline
Mumbai:
GlaxoSmithKline Pharmaceuticals saw several block deals along with rise in the stock price. Dealers said these block deals were between two leading foreign broking firms.
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Steel, PSU-bank stocks down in narrow trading
Mumbai:
The 30-stock BSE Sensex traded in a narrow band and closed marginally higher for the fourth consecutive day on Thursday. Index heavyweights witnessed mixed trend.The stocks of private-sector banks and the information technology stocks witnessed buying activity while public-sector banks and steel stocks ended the day in a negative note on account of profit-taking.
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Rupee firm; gilts choppy
Mumbai:
The rupee ended on Thursday at 47.7000/7100 against the dollar as compared to Wednesday's close of 47.6950/7050 in the forex markets.
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domain - B : Indian business : News Review : 21 February 2003 : capital market