SEs moving to T+2 rolling settlement from today
Mumbai: The equity market, moving to T+2 rolling settlement from tomorrow, will put India among the select securities markets of the world. This will also bring the domestic market on par with the emerging markets such as South Korea and Taiwan. However, most of the developed markets such as the UK, the US, Japan and other European markets are still working on the T+3 rolling settlement. Stock exchanges.
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Hindustan Lever hits 10-year low
Mumbai: The share prices of Hindustan Lever Ltd (HLL) today touched a 10-year-low of Rs 145.90 on the Bombay Stock Exchange (BSE). In the process of decline, the stock also touched a 52-week low. Brokers said foreign institutional investors had been offloading their positions in this stock primarily in anticipation of a further fall in HLL's share prices. "There has been selling in HLL across the board for the past few days,'' said a dealer at a broking firm.
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War drives investors to pharma scrips
Mumbai: The markets seem to be groping for direction on fears that the war in Iraq might go on for a longer period than expected. Though the Indian stock markets withstood the war attacks initially, investors now appear to be getting jittery as the war might extend for a few more days.
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