|
UTI
set to launch ETF
New Delhi: UTI Mutual Fund is all set to launch an
exchange-traded fund (ETF) based on the Nifty, subject
to SEBI approval. The offer document for the proposed
scheme will be filed this week. The plan is to launch
the fund with an initial corpus of over Rs 300 crore.
Back
to News Review index page
Infosys
rattles market
Mumbai: A weaker-than-expected performance by technology
leader Infosys, coupled with gloomier profit guidance
for the year ahead, knocked the wind out of stock markets
on Thursday.The "shocking" news dragged an already-depressed
30-share sensitive index of the Bombay Stock Exchange
105.92 points or 3.37 per cent lower to close the day
at 3035.33
Back
to News Review index page
Infosys
forecasts take its toll on stock
Hyderabad: Infosys Technologies' revenue growth forecast
of 21-23 per cent and per share earnings growth of 11-12
per cent has jolted the markets. The stock plummeted by
Rs 1,113, or 26.7 per cent, during the day's trading.
Back
to News Review index page
Ranbaxy
remains in limelight
Mumbai: Even as fears of VAT are dampening interest
in pharma stocks, shares of Ranbaxy Laboratories continue
to rule firm. On the BSE, the stock ended the day at Rs
683.90 up 2.81 per cent with around 1.6 lakh shares. On
the NSE, the stock was quoting at Rs 684 up 3.18 per cent
with around 5.1 lakh shares traded at the counter.
Back
to News Review index page
Heavy
auction in HFCL
Mumbai: The sharp rise in the stock price of Himachal
Futuristic
Communication Ltd (HFCL) trapped a large number of short
sellers. This was seen from large auction of shares on
the BSE and the NSE.On the BSE, the auction was for around
11 lakh shares and on the NSE it was for 45.43 lakh shares.
Dealers said the average auction price was around Rs 21.
This auction was for trade done on Tuesday.
Back
to News Review index page
SEBI
panel moots simultaneous equity offering
Mumbai: A SEBI-appointed group has suggested simultaneous
offering and listing of equity through public issue in
domestic market and Depository Receipts (DRs) in the international
market at a similar price.But the committee has suggested
the offering in the international market will have to
be over and above the 10 per cent or 25 per cent prescribed
limit for the domestic market by the SEBI.
Back
to News Review index page
Re
recovers; gilts buoyant
Mumbai: The rupee regained its sheen close at a 19-month
high of 47.3950/4000 against the dollar in the forex markets
on Thursday. The rupee had closed at 47.46/47 on Wednesday.
Back
to News Review index page
Dow
closes 23 points up
Mumbai: Increasingly focussed on profits rather than
war, investors allowed stocks a tentative nudge higher
on Thursday, ending a two-day losing streak. The gains
were hard-fought, a sign that investors are nervous about
first-quarter results and the future.
Back
to News Review index page
|
