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Talk
of hike in FII limit in SBI
Mumbai: The market is again abuzz with talk of
Government hiking the FII investment limit in SBI. Dealers
said that in the coming Budget session or through a notification,
the Government might approve the hike in the FII investment
limit in the country's largest bank.
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Turnover
tumbles further in F&O
Mumbai: Turnover further dropped in the futures
& options segment (F&O) on the NSE on Wednesday.
The segment recorded a turnover of Rs 2142.57 crore as
against Tuesday's turnover of Rs 2415 crore and much lower
when compared to last Friday's turnover of Rs 3013.45
crore.
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Geometric
Software lures foreign MFs
Mumbai: The stock of Geometric Software Solutions
appears to have attracted foreign mutual funds. An analysis
of the company's shareholding pattern reveals that foreign
MFs have hiked their stake by 14.18 percentage points
in the last three months ended March 2003. On Wednesday,
the stock closed at Rs 406.65 on the BSE with 4.75 lakh
shares being traded. On the NSE it closed at Rs 404 with
10.35 lakh shares.
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Buying
in pivotals perks up Sensex, techs mixed
Mumbai: Buoyed by buying in key index technology
stocks such as Infosys Technologies and Satyam Computers,
coupled with a strong showing by pivotals such as Hindustan
Lever, ITC and State Bank of India, the benchmark BSE
Sensex shot up by 34.94 points to settle at 3,032.32 points,
reversing a five-day losing streak in the process. On
the NSE, the Nifty posted a gain of 7.45 points to end
the day at 958.65 points.
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Forwards
crash; gilts dip
Mumbai: After a five-day holiday, the forwards
crashed by over 10 basis points in the money markets on
Wednesday on easy liquidity conditions and heavy selling
of forwards by exporters.
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Dow
closes 145 points down
London: US investors brushed aside a wave of encouraging
earnings on Wednesday, giving blue-chip stocks their sharpest
decline in more than two weeks. But tech shares managed
a gain on strong results from Microsoft and Intel.
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