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IPO
panel move to check fly-by-night operators — Net
tangible assets criterion preferred
Mumbai: Moving away from the profitability criteria,
a Securities and Exchange Board of India (SEBI) committee
has recommended net tangible assets (NTA) as a key eligibility
criterion for companies planning to come out with an initial
public offer.
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Marginal
gains
Mumbai: Bears exerted further pressure during the
initial hours of Tuesday's trading activity. Later on,
bulls made a strong comeback and terminated the bear run.
The market sentiment reading of the tradable counters
continues to remain bearish.
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World
Cup over, it's Zee's turn to play
Mumbai: The end of the World Cup cricket is likely
to spell the beginning of a potential upside in the share
price of Zee Telefilms Ltd. According to dealers, there
were concerns earlier about the company losing out on
advertisement revenues among other things. But with the
World Cup over, things are expected to start looking up
for the company from next quarter.
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Firm
freight rates turn tide for GE Shipping
Mumbai: The GE Shipping stock on Tuesday attracted
significant buying as a section of market players woke
up to the prospects of the company gaining advantage from
the recent rise in freight rates.
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Tetley
dividend plan sweetens Tata Tea
Kolkata: News of a Rs 25.35-crore dividend inflow,
courtesy Tata Tea's global operations, saw the stock gain
strength on the bourses on Tuesday.The stock ended the
day at Rs 183.35, up 1.89 per cent with around 50,662
shares traded on the BSE. On the NSE the stock closed
at Rs 183.15, up 1.86 per cent with around 1.2 lakh shares
traded.
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Open
interest jumps in April contracts
Mumbai: Turnover improved in the futures & options
segment to Rs 2936.72 crore on the NSE on Tuesday as against
Monday's turnover of Rs 2621.20 crore. This was mainly
due to stock futures, whose turnover jumped to Rs 1823.98
crore (Rs 1549 crore) while index futures recorded Rs
430.29 crore (Rs 404.38 crore) and stock options Rs 581.13
crore (Rs 551.95 crore). Index options, however, recorded
a lower turnover of Rs 101.33 crore (Rs 115.18 crore).
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Re
gains 5 paise; gilts rise
Mumbai: The rupee on Tuesday gained 5 paise against
the dollar, in keeping with the international trend. The
dollar lost against all major international currencies
with the US attack on Iraq facing retaliation.
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