Maruti share may be priced Rs 122-125
The overwhelming response for the Maruti Udyog Ltd's initial public offer (IPO) has resulted in the Inter-Ministerial Group (IMG) deciding to recommend a cut-off price in the range of Rs 122-125 for a Rs 5 share against the floor price of Rs 115 set by the Government while inviting bids from investors during the book-building process.
Along with this, the IMG has also decided to suggest that the Government should exercise the 10 per cent green-shoe option while at the same time reserving a higher proportion of the issue for retail investors by setting aside up to 32 per cent of the IPO for the small investors who have applied for more than 1,000 shares instead of the earlier limit of 25 per cent.
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Sharekhan seen to revive interest in Net trading
Coimbatore: Trading in stock markets through the Internet, which took a dip due to investor apathy because of prolonged bearishness in recent years, is witnessing a revival of interest and is expected to record growth in the coming years.

The retail investors in the capital market are the most neglected lot with no access to research and Sharekhan, the retail broking arm of SSKI Group, one of the oldest members of the BSE, seeks to fill this vacuum felt by retail investors, according to Mr Tarun Shah, CEO, Sharekhan, Mumbai.
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SHCIL suspends 2 schemes
Kolkata: Stock Holding Corporation of India Ltd (SHCIL) has suspended two of its best-known schemes, Sell-n-Cash and Cash-on-Payout, following what sources say is a directive from the Securities and Exchange Board of India. No new request for the two products is being entertained at any of SHCIL's offices.
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Sebi To Seek Data On L&T Stock Price Movement
Mumbai: The Securities and Exchange Board of India (Sebi) is to ask for data on the stock price movements of Larsen & Toubro (L&T), for the period preceding the announcement of the mega deal for the demerger of its cement business and its subsequent takeover by Aditya Birla group flagship Grasim Industries.
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Nasdaq mounts fresh pitch for Indian banks
Kolkata: Nasdaq has mounted a fresh pitch for Indian banks - a sector that has made major advances in terms of market capitalisation in recent times.

The India office of the US exchange has taken up the issue with large players, many of which have benefited from recent regulatory changes and reforms introduced by their managements. The aim is simple: persuade them to list on Nasdaq.
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