7 multinational companies delist between Apr-Dec 02
Mumbai: Only seven multinational companies have delisted from Indian stock
exchanges between April and December last year and their market
capitalisation as a proportion of total market cap on exchanges is
negligible.
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Stocks tumble on talk of SEBI code for FIIs
Mumbai: Rumours that the Securities and Exchange Board of India (SEBI) might ban participatory notes (PNs) issued by FIIs affected prices of several stocks, especially those having high foreign holding. The most affected stocks on Tuesday's trading were from technology sector.
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Tata Steel slides on weak Posco
Mumbai: According to market sources, reports that POSCO, the world's lowest cost producer of steel and South Korea's largest, posted a 14-per cent cent drop in profits seemed to have pushed the stock into negative territory. The stock ended the day at Rs 144.75, down 2.5 per cent on the BSE with around 12.43 lakh shares traded. On the NSE the stock closed at Rs 144.70, down 2.6 per cent with around 38.02 lakh shares traded.
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Fund support seen in BoB
Mumbai: On a day that saw the banking sector stocks slide, Bank of Baroda (BoB) ended in the positive region on the back of sustained buying.
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All-round selling weakens sentiment
Mumbai: The stock market sentiment remained subdued, which resulted in the indices recording the second consecutive day of decline. Led by technology stocks, the benchmark indices — the BSE Sensex and the NSE S&P CNX Nifty — ended the day on
week note.
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Rupee stable at 47.65
Mumbai: The rupee closed on Tuesday at 47.6500/6550 against the greenback, almost unchanged from the previous day's closing levels, following a lacklustre day in the local currency markets.
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