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PruICICI
floating rate plan launch today
Mumba: Prudential ICICI Mutual Fund has announced
that it will launch a new open-ended debt fund, PruICICI
Floating Rate Plan, on Friday. The minimum application
amount will be Rs 1 lakh and the minimum additional investment
will be Rs 1000.
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Bears
prevail
Mumbai: Bears gained control of Thursday's trading
activity. Bulls were unable to make any impact during
the day's trading. However, the sentiment reading of the
tradable counters continues to remain neutral.
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SEBI
supersedes Ahmedabad Stock Exchange for one year —
Unofficial trading in exchange premises
Mumbai: The Securities and Exchange Board of India
has superseded the governing board of Ahmedabad Stock
Exchange (ASE) for one year from March 25following the
exchange's failure to stop unofficial trading by its members
within the exchange premises.
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CSE
meet today to discuss land sale
Kochi: An Extraordinary General Meeting has been called
at the Cochin Stock Exchange tomorrow to sell the 55 cents
of prime property that the exchange has at the Cochin
Marine Drive to the Abad group of hotels.
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Hero
Honda down on Q4 number fears
Mumbai: Reports that the fourth quarter performance
of Hero Honda is likely to remain subdued on the back
of weaker revenue growth saw the stock plummet by about
6 per cent on the bourses today. The stock ended the day
at Rs 203.10, down 5.73 per cent with around 1 crore shares
traded on the BSE. On the NSE, the stock closed at Rs
202.80, down 5.92 per cent with around 1.9 crore shares
traded.
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Talk
of picking stake in Federal Bank lifts Kotak Mahindra
Fin
Mumbai: Market rumours of Kotak Mahindra Finance (KMF)
being in talks with ICICI Bank to acquire the latter's
stake in Federal Bank aided momentum in the counter on
Thursday. TThe KMF stock ended the day at Rs 171.75, up
2.14 per cent, with around 18,967 shares traded on the
BSE. On the NSE, the stock ended at Rs 171.50 up 1.36
with around 72,055 shares.
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Nifty
puts end higher
Mumbai: Turnover improved sharply to Rs 3004 crore
in the derivative segment on the NSE on Thursday compared
with Rs 2548 crore recorded on Wednesday. Of this, single-stock
futures accounted for Rs 1929.56 crore while equity options
Rs 644.55 crore; index futures and options recorded a
turnover of Rs 356.83 and Rs 73.73 crore respectively.
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More
bank IPOs likely next fiscal
Mumbai: More banks are expected to tap the equity
markets during the next fiscal in a bid to bolster their
capital base and comply with the stringent capital adequacy
norms.
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Irregularities
in Videocon deals — SEBI suspends Springfields Securities
Hyderabad: Confirming the violations committed by
Springfields Securities Ltd (SSL) while dealing in the
shares of Videocon International Ltd (VIL) ,the Securities
and Exchange Board of India has decided to suspend the
certificate of registration of SSL for one month.
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Dow
Jones down 28 points at close
Mumbai: US stocks drifted down in lackluster trading
on Thursday as investors worried that a long war in Iraq
would throw another roadblock in front of the feeble U.S.
economic rebound.
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Market
round-up
Mumbai: Call rates witnessed a sharp fall of 50-75
basis points from Wednesday’s high of 6.75-7.00 per
cent, even as they continued to rule sharply higher than
the reference rate of 5 per cent amidst strain in inter-bank
liquidity.
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