Financial Daily from THE HINDU group of publications
Tuesday, September 06, 2005
Markets (Sept 5)
BL 2502398.17 (+16.04)
BSE Sensex7925.24 (+25.47)
S&P CNX Nifty2422.95 (+7.15)
US Dollar (Buy/Sell)43.72/43.85
Gold Std (10 gm)6380 (+10)

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Flextronics fixes Rs 725 to delist shares
MULTINATIONAL company Flextronics has fixed Rs 725 a share as the price to delist the securities of its Indian subsidiary Flextronics Software Systems from stock exchanges. This price was decided based on the reverse book-building process where ... More


No cheques, only ECS for systematic investment plan, say mutual funds
CONVINCED about the arguments that favour systematic investment plans as the ideal route to disciplined and regular investing? Then make sure that you have electronic clearing facility (ECS) for your bank account. Faced with increasing ... More


Gains not held
THE bulls extended further pressure over Monday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear domination on Tuesday is likely to reduce the bull count by a considerable margin thereby resulting in a ... More


SEBI approves demutualisation of Cochin Stock Exchange
THE Securities and Exchange Board of India has approved the demutualisation scheme of the Cochin Stock Exchange Ltd. The scheme is aimed at ensuring professional transparency in the working of the stock exchanges. The demutualisation scheme ... More


Sensex touches new intra-day high on FII, mutual fund buying
IT'S a new week and market participants are poised in anticipation of a new high at the domestic bourses. Though the Sensex fell shy of the 8,000-level on Monday, brokers anticipate that the `sentimental' level will be touched soon. This ... More

Value buying seen in Flex Engg
FLEX Engineering seems to be witnessing a steady accumulation by a section of market players. The stock has been coming off its 52-week high price of Rs 65, but the trading volumes suggest strong buying interest at lower levels. The counter ... More

IDFC rises on fresh buying
THE recently-listed Infrastructure Development Finance Company rose on Monday on fresh buying by institutional investors. Dealers said the buying interest has come on talk of the company laying more emphasis on fee-based income. The talk is ... More

  • Clarification


    Sector-oriented indices gain
    ON Monday, the markets opened on a positive note with the bulls in the driver's seat. The bulls maintained their hold over the markets for nearly the entire day. The bellwether indices put on smart gains in the opening hours; however, they lost ... More
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