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Deutsche
unveils fund portfolios
Kolkata: Deutsche Asset Management, the newest
player in the domestic mutual funds sector, has for the
first time unveiled its portfolios, revealing a penchant
for IT, banking and oil stocks.
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Tata
Steel dips on fall in HR coil prices
Kochi: The share price of steel major Tata Steel
tumbled following reports of a sharp global fall in the
prices of flat steel and hot-rolled coil. The stock ended
the day at Rs 131.10, down 4.20 per cent on the BSE with
around 15 lakh shares traded. On the NSE, it closed at
Rs 131.10, down 4.31 per cent with around 27 lakh shares
traded.
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BSE
revamps indices
Mumbai: The index committee of the Bombay Stock
Exchange has revamped the BSE-100, the BSE-200, the BSE-500
and the BSE-TECk indices.
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Infosys
leads tech recovery in flat market
Mumbai: After a three-day break, the stock markets
opened on Tuesday to lacklustre trading, with major indices
ending flat. The 30-share benchmark sensitive index of
the BSE, the BSE Sensex, was down marginally by 0.49 points
ending at 2,997.38, while the S&P CNX Nifty closed
higher by 1.40 points at 951.20.
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Scrutinise
deals in thinly traded stocks, SEBI tells bourses
Mumbai: The Securities and Exchange Board of India
(SEBI) has advised stock exchanges to scrutinise trading
in thinly traded stocks in order to prevent price manipulations
leading to tax evasions by brokers.
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Institutions
flock to BEL counter
Mumbai: The state-run Bharat Electronics' (BEL)
shares are on a roll. Dealers said that the counter was
flocked by institutions particularly, a prominent Indian
brokerage firm that is expected to have picked up considerable
amount of shares.
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Mukta
Arts loses sheen for FIIs
Mumbai: Foreign institutional investors (FIIs)
holding in Mukta Arts Ltd has witnessed a sharp decline
even as its promoter, Subhash Ghai, has been accumulating
the company's stock. FIIs holding in the company dwindled
to 1.6 per cent as on March 31, 2003 from 4.95 per cent
at the end of September 2002 quarter and from 6.58 per
cent at the end of March 31, 2002.
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Premium
narrows for Index futures
Mumbai: Turnover in the futures and options segment
on the National Stock Exchange (NSE) on Tuesday was lower
at Rs 2,415 crore compared with Friday's turnover of Rs
3013.45 crore. Stock futures accounted for Rs 1,399.44
crore with 63,449 contracts while equity options witnessed
a turnover of Rs 565.90 crore from 23,400 contracts.
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