February throws mixed fortunes for funds: Crisil
Mumbai: February was a mixed bagfor mutual funds with equities moving in a narrow range and the debt market witnessing some spectacular rises, according to Crisil. In the equity markets, lack of triggers and lingering war fears prevented any northward movement; as a result, the BSE Sensex gained a marginal 0.1 per cent.
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CMC jumps ahead of order announcements
Mumbai: CMC gained sharply on Wednesday's trading on the talk that it had bagged Rs 100 crore order from various banks, both in India and overseas. The stock moved up well before the company's official announcement to stock exchanges.
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Cricket puts Zee on sticky wicket
Mumbai: Zee Telefilms has been under pressure. The stock touched a new 52-week low at Rs 74.85 on the BSE on Wednesday. The stock closed at Rs 76.80, down 4.1 per cent with volumes of 24.34 lakh shares on the BSE. On the NSE, the stock closed at Rs 77, down 4.11 per cent.
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Old economy drags Sensex even as tech recovers
Mumbai: Recording the third successive day of decline, the benchmark indices ended on a weak note on Wednesday. The 30-share BSE Sensex declined by 18.7 points or 0.58 per cent to 3226.10 while the 50-share S&P CNX Nifty dropped 0.56 per cent to close at 1040.7.
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Rupee steady; gilts decline
Mumbai: The rupee was almost unchanged against the dollar closing at 47.6400/6450 on Wednesday as compared to Tuesday's closing levels of 47.6500/6550 in the local currency markets.
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