Financial Daily from THE HINDU group of publications
Friday, September 23, 2005
Markets (Sept 22)
BL 2502313.80 (-92.43)
BSE Sensex8221.64(-265.50)
S&P CNX Nifty2476.50 (-90.80)
US Dollar (Buy/Sell)43.87/44
Gold Std (10 gm)6750 (+65)

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Sanmar Group co sells more stake in India Cements
STARGATE Investments Ltd of the Sanmar Group has sold a further 2.52 per cent stake in India Cements Ltd bringing down its holding in India Cements to 10.74 per cent, according to information provided by India Cements to the Stock ... More

Sterlite share allotment
MUMBAI: Sterlite Industries (India) has informed the BSE that the Committee of Directors has allotted 5,76,800 equity shares of Rs 5 each on conversion of 7,000 foreign currency convertible bonds. "The equity shares so allotted shall rank ... More


Bear onslaught
BEARS were in total command of Thursday's trading. Their dominance left the bulls with no opportunity to recover. The sentiment reading of the tradable counters remains bearish. Bull domination on Friday would have little impact on the sentiment ... More


Sensex crashes 266 points on panic selling — Reports of probe and raids, oil prices lead to free fall
NERVOUS jitters over the pace of the bull-run, emanating from the corridors of regulators, finally hit the markets today, with stock prices across the board succumbing to panic selling. After the minor roadblock on Wednesday, where the Sensex ... More

Probe limited to select penny stocks: Govt
`No list of deviant brokers, NBFCs in hand'

IN what could come as a relief to a shaken stock market, the Ministry of Finance today clarified that the ongoing investigations into unusual price movements of shares was limited to a handful of `penny stocks' and that the Government has not ... More

`Market fall a welcome shake-out'
EQUITY analysts and market strategists described the 265-point crash in the Sensex on Thursday as "long overdue", "inevitable", and "a welcome shakeout". Mr Parag Parikh, Chairman of the Mumbai-based Parag Parikh Financial Advisory Services, ... More

`Foreigners are more confident about India than we are' — Mr C. J. George, MD, Geojit Financial Services
With the equity indices scaling new peaks in quick succession, it is time for retail investors to turn cautious and keep away from "rumours and tips", says Mr C. J. George, Managing Director of Geojit Financial Services. Talking to ... More

FII limit hike drives it up
MAHINDRA Gesco, a real estate company, continued its uptrend on Thursday even as most stocks fell sharply. On Wednesday, the stock was up 20 per cent and on Thursday, it rose by another 5 per cent. On the BSE, it closed at Rs 254.65, up 5 per ... More

CSE cautions against artificially created arbitrage
THE Securities and Exchange Board of India's caveat on spiralling prices of small-time stocks has led the Calcutta Stock Exchange (CSE) to speak out against artificially created arbitrage, a practice that the regional bourse is not unfamiliar ... More


Correction shaves off Rs 89,000 cr of m-cap
MARKET capitalisation of stocks listed in National Stock Exchange declined by 4.2 per cent or nearly Rs 89,000 crore as the correction that threatened to step in on Wednesday finally arrived. The undertone had been decidedly bearish on ... More


Repro files for public issue
REPRO India Ltd, an integrated end-to-end content and printing service provider, has decided to enter the capital market with its public issue of 26.2 lakh equity shares of Rs 10 each for cash at a premium to be decided through the book-built ... More


`Magadh SE member violated KYC norms'
THE errant member of Magadh Stock Exchange, whose actions with respect to the Bhoruka Financial Services Ltd stock led SEBI to pass an order against the exchange, did not conform to the Know Your Client (KYC) norm set by the regulator, it is ... More
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