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BSE
plans to suspend 35 cos
Mumbai: The Bombay Stock Exchange (BSE) has decided
to suspend trading in the securities of 35 companies for
their failure to comply with the listing agreement of
the exchange. The trading in these securities would be
suspended from April 30, 2003.
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Hero
Honda on uptick
Mumbai: The Hero Honda stock on Wednesday clearly
reversed its declining trend, witnessed on bourses since
April 15. The stock, after touching the day's peak of
Rs 192, finished at Rs 188 on the BSE against Tuesday's
closing price of Rs 183.10.
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Results
still weighing down HLL
Mumbai: Fast moving consumer goods giant Hindustan
Lever Ltd (HLL) seems to be reeling under the disappointing
numbers it posted for the quarter. Dealers said that the
counter has been witnessing some selling pressures over
the past few days and added that things may get worse
for the company which has been downgraded by most broking
entities after its result announcement.
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FIIs
holding in Moser-Baer up 4 per cent
Mumbai: Foreign institutional investors' (FIIs) stake
in data-storage company Moser-Baer India Ltd (MBIL) has
increased by 4.12 per cent during the quarter ended March
31, 2003 with the company riding on a series of positive
developments in the past quarter.
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Good
numbers fail to enthuse market
Mumbai: The Benchmark BSE Sensex spiralled down on
Wednesday as index heavyweights continue to drag it down
for the second consecutive day. TThe strong quarterly
growth earnings registered by Reliance Industries failed
to induce buying interest in the stock and, in turn, pushed
down theSensex. Major information technology stocks also
ended the day in the negative territory.
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Power
Trading Corp plans IPO
New Delhi: In a bid to augment its resources to increase
the volume of power trade across the country, Power Trading
Corporation (PTC) board last week took an in-principle
decision to float an Initial Public Offer (IPO).
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SEs
told to monitor sub-brokers
Mumbai: A SEBI concept paper has suggested stock exchanges
to monitor the functioning of sub-brokers and decide on
the net-worth criteria for them.The paper has also suggested
that hike in annual registration fee to Rs 5,000 and authorise
stock exchange to decide on the gross exposure requirements.
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Rupee
steady; bonds dip
Mumbai: The rupee closed almost unchanged on Wednesday
at 47.3400/3450 against the dollar from the previous close
of 47.3425/3475 in the local currency market.
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