Sensex drops 250 points in two days
Mumbai: Stock market is finally seeing the much-awaited technical 'correction' with the BSE Sensex losing around 250 points in just two trading sessions. This is the the sharpest fall seen in the current bull-run.

Heavy selling for the second day continued with BSE Sensex down 117.72 points (1.94 per cent) in today's trading to close at 5,946.19. On NSE, S&P CNX Nifty was down 43.80 points (2.25 per cent) to end at 1,900.65. From the all-time high of 6,249.60 touched last Friday, the benchmark index has fallen by 303 points
Back to News Review index page  

TV Today listed at Rs 220
Mumbai: The shares of TV Today Network Ltd (TVTN) were listed on Friday at a price of Rs 220 on the Bombay Stock Exchange, more than double the issue price of Rs 95 per share but ended at Rs 181.35. During the session, they touched a low of Rs 179 and an intra-day high of Rs 225, says a report.

The listing was marked by the customary bell ringing ceremony at the BSE, where Aroon Purie, chairman and managing director, TVTN, Anil Mehra, director, G Krishnan, executive director and CEO, and Dr Manoj Vaish, executive director and CEO, BSE, were present. TVTN has two channels — Aaj Tak and Headlines Today.
Back to News Review index page  

Reliance collects over Rs 700 crore on MIP
Mumbai: The monthly income plan from Reliance Mutual Fund has collected over Rs 700 crore from 40,000 investors during its initial public offer, according to a company press release. This takes the total number of investors of Reliance Capital Mutual Fund to over 1 lakh.

Reliance MIP will invest in debt (and money market instruments) and equity in the ratio of 80:20. The AMC has doubled it assets under management in the calendar year 2003 and currently manages over Rs 6,600 crore of assets, said the release.
Back to News Review index page  

Rupee remains steady
Mumbai: The rupee closed at 45.42/43 per dollar on Friday, similar to Thursday's closing level at 45.43/44.
Back to News Review index page