|
Govt
may limit tax sops to share buys, not transfers
New Delhi: The 2003-04 Budget proposal to exempt income
arising from transfer of all listed equity shares acquired
on or after March 2003 and before March 1, 2004 from capital
gains tax is under review. To prevent misuse of the exemption,
the finance ministry is now looking at restricting
the tax exemption to purchase of shares from the stock
exchange.
Back
to News Review index page
5paisa
trader terminal
Bangalore: 5paisa.com, a subsidiary of India Infoline
has launched the 5paisa trader terminal — an Internet-based
trading system for shares in Bangalore.
Back
to News Review index page
Bear
domination
Mumbai: Bears were in total command of Wednesday's
trading activity. Bulls were unable to make any impact
during the day's trading. The market sentiment reading
of the tradable counters stands bearish.
Back
to News Review index page
Fear
of number pulls down Satyam
Chennai: The counter of Satyam Computer has been on
the downward move over the last few days. The fall is
mainly due to heavy selling from institutional investors
ahead of the company's fourth-quarter results. The stock
was down 4.14 per cent at Rs 178.25, with a volume of
60.12 lakh shares on the BSE; on the NSE, it closed at
Rs 178.05, down 4.27 per cent, with a volume of 1.70 crore
shares.
Back
to News Review index page
Color
Chem sees active trading
Chennai: Color Chem Ltd (CCL) stock on Wednesday had
the major bourses following announcement of an open offer
on Monday by its foreign promoter and persons acting in
concert. On Tuesday, the stock closed at 226.75 (Rs 219.25),
after touching the day's peak at 229.50 (Rs 233.95) on
the Bombay Stock Exchange. The traded quantity on the
bourse was 55,688 (1.57 lakh) shares. On the National
Stock Exchange, the counter clocked a volume of 1.82 lakh
(3.53 lakh) shares.
Back
to News Review index page
Dow
closes down 101 points
Mumbai: Wall Street pulled back on Wednesday after
investors' elation about a quick end to the war with Iraq
dissolved into concerns about corporate profits. Stocks
tumbled sharply with the Dow Jones industrials forfeiting
100 points.
Back
to News Review index page
Re
down 5 paise; gilts gain
Mumbai: The rupee lost 5 paise in its value against
the dollar on Wednesday to close at 47.46/47 on the back
of increased demand for the dollar and strengthening of
the greenback internationally.
Back
to News Review index page
|
