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New
scheme from HDFC MF
Mumbai: HDFC Mutual Fund on Friday announced that
it is launching a new plan
called HDFC Fixed Investment Plan - March 2003, a single
plan in the HDFC Fixed Investment Plan (HDFC FIP), a closed-ended
income scheme. The issue will open on March 24 and will
close on March 27.
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Marginal
gains
Mumbai: Bulls
exerted further pressure over Friday's trading activity.
Bears were unable to make any impact during the day's
trading. The market sentiment reading of the tradable
counters stands absolutely bullish.
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Mid-cap
techies back in action
Mumbai:
Mid-cap technology stocks seem to be back in the reckoning
and rather than a general trend, individual stories are
generating interest. Among the favourites are stocks of
Digital GlobalSoft, Polaris Software, Moser-Baer India
and i-flex solutions.Shares of Digital Software ended
higher on Friday at Rs 651.35, up 1.51 per cent with 27.19
lakh shares being traded on the BSE while on the NSE,
the stock rose 2.48 per cent at Rs 653.95 with 59.62 lakh
shares being traded. i-flex ended higher by 2.27 per cent
at Rs 916.15 with 1.82 lakh shares changing hands on the
BSE. On the NSE, the stock closed at Rs 911.55, up 2.17
per cent with 4.90 lakh shares being traded.
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Hexaware
up on airline orde
Mumbai: There seemed to be substantial buying support
for software services company, Hexaware Technologies Ltd
on the bourses on Friday. The active buying resulted in
the company's stock gaining 5.16 per cent on the BSE to
close at Rs 116.25 with 31.60 lakh shares being traded.
On the NSE, Hexaware gained 6.32 per cent to close at
Rs 117 with 89.13 lakh shares.
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Neyveli
Lignite active on growth hopes
Kochi: Mining and power generation company Neyveli
Lignite Corporation (NLC) witnessed sustained interest
on the bourses on Friday . The stock ended the day at
Rs 27.10 up 2.65 per cent with around 1.90 lakh shares
traded on the BSE. On the NSE, the stock ended the day
at Rs 27.20, up 3.04 per cent with around 2.58 lakh shares
traded on the NSE.
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SEBI
to outline norms for probe powers
Mumbai: The capital market regulator is working towards
new guidelines that would definitely be a source of comfort
for many listed companies and its stakeholders.
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Select
stocks post gain in narrow deals
Mumbai: The US-Iraq war did not seem to dampen the
sentiments of the investors. With select buying interest,
the benchmark indices traded in a narrow band, to close
in positive territory on Friday. The BSE Sensex opened
at 3195.66, slid to a day's low of 3179.70 and closed
at 3200.15, gaining 7.22 points over Thursday's close
of 3192.93. The Sensex has gained 3.7 per
cent over the past three trading days.
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Rupee
limps back to 47.6750
Mumbai: The rupee recovered smartly on Friday from
its overnight level and closed at 47.67/6750 per dollar
while government securities prices rallied amidst market
expectation that the US-led attack on Iraq would not continue
beyond a week.
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Code
of conduct for company board members mooted — Nominee
directors post can go: SEBI panel
New Delhi: The reconstituted SEBI Committee on Corporate
Governance has recommended doing away with the practice
of appointing nominee directors by financial institutions
on the board of companies.
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