UTI Regular dividend
Mumbai: UTI MF has declared a dividend of 0.55 per cent (Rs 0.055 per unit on face value of Rs 10) for its Regular Income Scheme, resulting in tax-free annualised return of 6.80 per cent and 7.67 per cent annualised outflow for the scheme, says a release.
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Banking stocks rally ahead of Credit Policy
Mumbai: The banking sector stocks witnessed an across-the-board rally on the bourses today in a run-up to the Credit Policy, to be announced on Tuesday, on expectations of a cut in the Bank Rate and repo rate. On the BSE, major gainers on Monday's trading included Oriental Bank, up 10.91 per cent at Rs 82.85, Bank of Baroda (BoB), up 6.74 per cent at Rs 86.35, J&K Bank, up 5.93 per cent at Rs 145.65, Punjab National Bank (PNB), up 5.79 per cent at Rs 117.80, and IDBI Bank, up 5.59 per cent at Rs 24.55. Syndicate Bank, Corporation Bank, Bank of India and Andhra Bank were among the other prominent gainers.
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Turnover falls in NSE derivatives segment
Mumbai: Turnover in the derivatives segment on the National Stock Exchange dropped to Rs 1,809.49 crore on Monday as against Friday's turnover of about Rs 2,160 crore. Out of this, more than 50 per cent was accounted by single-stock futures. The activity was mainly concentrated in May futures. All Nifty contracts finished the day in premium to the spot close of 928.65. The May Nifty futures closed the day at 934, and the June futures at 935. The July Nifty futures, which did not witness any trading on Friday, closed at 935.15 with about 18 contracts changing hands.
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Pritish Nandy up on placement talks
Mumbai: After the fall in the stock price of Pritish Nandy Communications due to the not-so-encouraging performance of its recent release Kaante, the stock of the media company saw some increased activity on Monday. The stock saw sharp increase in volumes and price. The stock gained 14.63 per cent at Rs 23.90 on the BSE and on the NSE it gained 16.31 per cent with volume of 2.60 lakh shares. The volume increased from daily average of one lakh shares to 4.78 lakh shares on the BSE and 2.60 lakh shares on NSE. The sharp rise in the stock price was on talks that the company would be making a private placement of shares either to domestic or foreign institutions.
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Indo Gulf Fert hits new high
Kochi: The share price of Indo Gulf Fertiliser Ltd (IGFL) touched a new calendar year high at Rs 44.50 on the BSE in early afternoon trades on the back of strong FY2002-03 results . Brokers said the share scaled to a new high on Monday after it was listed on the BSE on March 27, wherein it had made a debut at Rs 33.10. While the market remained divided in its opinion on the dividend announcement of Rs 2.60 per share , they were quick to point out that as a virtually debt free company and amongst the most cost efficient producers of urea, IGFL is attractively valued
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Rupee range-bound; G-secs close firmer
Mumbai: The mood in the currency markets was cautious on Monday ahead of the Credit Policy to be released on Tuesday by the Reserve Bank of India. Despite good supplies of the dollar, the rupee ended the day weaker by 2 paise at 47.3750/3850 as banks across the board came to buy greenbacks.
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