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Over
1.5 cr US-64 units traded on NSE in one day
Mumbai: For a mutual fund unit that not only failed
to get a second glance from investors but also was regarded
a bad investment until a few weeks ago, US-64 has climbed
the popularity chart pretty quickly.More than 1.5 crore
units of the US-64 cash income Rs 10 (CI Rs 10) were traded
on the National Stock Exchange (NSE) today. That is nearly
double the combined turnover of the past week. The units
were traded in the band between Rs 10.10 and Rs 10.45
per unit
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Interest
perks up in Oriental Bank of Commerce
New Delhi: The Oriental Bank of Commerce (OBC) stock
has been buzzing on the National Stock Exchange, reportedly
bought by a private mutual fund and a group of speculators.
The stock closed at Rs 70.55 (Rs 75.15) on the NSE with
a traded quantity of 23.64 lakh shares (17.22 lakh shares).
Interestingly, on the Bombay Stock Exchange, the stock
finished at Rs 79.10 but a traded volume of just 101 shares.
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Cipla
dips on poor Q4 result prospects
Mumbai: A dismal run on the bourses continues for
the pharma major Cipla Ltd, whose fourth quarter results
for the year ending March 31, 2003, are expected to be
`not very encouraging', analysts said.On Friday, the share
price of Cipla fell by 0.43 per cent to close at Rs 725.75
with 6,242 shares being traded on the BSE. On the NSE,
the stock fell by 0.30 per cent to close at Rs 726 with
36,396 shares changing hands.
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Buying
interest in NIIT
Mumbai: NIIT has been witnessing some action for the
past few days. The stock attracted significant buying
interest on the bourses even on Friday. Dealers attributed
this activity primarily to a leading market player. NIIT
rose 4.48 per cent on the BSE to close at Rs 108.40 with
volume of 10.12 lakh shares. On the NSE, the stock ended
5.02 per cent higher at Rs 108.80 with 25.35 lakh shares
traded.
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Banking
stocks gain in range-bound market
Mumbai: The Indian benchmark indices traded in a narrow
range for most part of the day and ended marginally higher
due to selective buying in banking, PSU and auto stocks.
The S&P CNX Nifty closed up by 0.77 per cent at 1016.95
points.
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NTPC
issue offer may be at Rs 20 premium
New Delhi: National Thermal Power Corporation (NTPC)
is planning to offer an Initial Public Offering (IPO)
of 5 per cent equity at a premium of Rs 20 per share,
having a par value of Rs 10 per share, according to company
officials.
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BSE
opens investor service centre at Kochi
Kochi: In a bid to expand its investor services nationwide,
the Bombay Stock Exchange has opened its investor service
centre at the Cochin Stock Exchange here on Friday.
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Dollar
resumes gains as US troops close in on Baghdad
Mumbai: The dollar resumed its advance on the euro
on Thursday as US troops closed in on Baghdad, positioning
for a battle that will be key for the progress of the
US-led war against Iraq.
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Rupee,
gilts range-bound
Mumbai: The rupee moved in a very narrow range to
end the day at 47.4000/4050 against the dollar, just a
tad up from Thursday's close of 47.4150/4100 in the local
currency markets.
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