Maruti on `dream run'
Mumbai: Shares of Maruti Udyog Ltd (MUL), which have been on firm ground since it was listed in July 2003, accelerated further on the bourses on Wednesday. The stock appreciated by almost 36 per cent from the Rs 165-levels in the last week of July to its current levels at around Rs 225.

Brokers said that with the inclusion of MUL in the MSCI's India Index, fund interest in the counter has grown substantially. As per market rumours, funds such as Morgan and Birla's are mopping up shares in the counter. Additionally, the fact that several broking firms have taken a positive call on the stock is fuelling interest in the counter.

The stock ended the day at Rs 225.75, up 4.59 per cent, with around 24.70 lakh shares traded on the BSE. On the NSE, it closed at Rs 224.55, up 4.13 per cent, with around 60.46 lakh shares traded.
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IL&FS Mutual Fund unveils two schemes
Mumbai: IL&FS Mutual Fund has launched two new products in the debt and equity segment on Wednesday. The IPO for the product in the equity segment, IL&FS Dynamic equity, will be between August 27 and September 10, while that for the product in the debt segment, IL&FS Floating Rate Fund, will be between August 27 and 29. The Dynamic Fund has an entry load of two per cent of NAV for investments less than Rs 25 lakh and 0.5 per cent for Rs 25 lakh and above. The IL&FS Floating Rate Fund has been designed to allow the investor to participate in the markets and at the same time offer protection against interest rate volatility.
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Rupee steady as RBI keeps buying dollars
Mumbai: The rupee was held steady on Wednesday despite heavy dollar inflow. The domestic currency closed the day at Rs 45.8250, a notch up from Tuesday's close of Rs 45.83/84 against the dollar.
The currency opened at Rs 45.8250 touched a high of Rs 45.8150 and a low of Rs 45.8250 against the dollar.
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RBI curbs on FII buying in Mphasis BFL
Mumbai: Purchase of shares of MphasiS BFL Software made on behalf of foreign institutional investors would now require prior approval of the Reserve Bank of India. FII holdings in the company have reached the trigger limit of 22 per cent of its paid-up capital, noted the RBI, in a press release.
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