Financial Daily from THE HINDU group of publications
Wednesday, October 19, 2005
Markets (October 18)
BL 2502328.86 (-12.20)
BSE Sensex8122.25 (-80.37)
S&P CNX Nifty2468.20 (-16.95)
US Dollar (Buy/Sell)45.14/45.28
Gold Std (10 gm)6955 (+55)



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Kotak Mahindra plans to acquire 20% in Everest; Enam cancels plans
ENAM Financial Consultants Pvt. Ltd (manager to the offer) has informed the NSE that it has withdrawn the draft letter in respect of the open offer by Accurate Finstock Pvt Ltd (acquirer) and Adani Port Infrastructure Ltd (person acting in ... More


Union Bank begins capital market ops
UNION Bank of India is offering clearing bank operations of the BSE and the NSE for settlement of funds obligations under cash and forward and operations segments. It has put in place infrastructure and started the activities of capital market ... More


Floater from DSP Merrill Lynch
DSP Merrill Lynch MF has come out with an institutional plan in its floating rate fund. The floater is expected to provide superior risk-adjusted returns during periods of sustained upward movement in interest rates. Investors, it is felt, can ... More


NEPC India shareholders to get 12.5 shares in new company for every 100
SHAREHOLDERS of NEPC India will get 12.5 shares in the newly formed special purpose vehicle, Southern Windfarms Pvt Ltd, for every 100 shares held in NEPC India, the Managing Director of the company, Mr Tirupathi Khemka, told Business Line ... More

IVRCL Infrastructures tumbles on funds' selling
AMIDST talk of heavy offloading by certain institutional investors, the stock of IVRCL Infrastructures & Projects Ltd has been witnessing major volatility of late. Concerns over expected fall in promoters' equity holding also appear to have ... More

Fidelity buys 5.56% in IL&FS Investsmart
FIDELITY International, a global fund house, has bought a 5.56 per cent stake in financial services firm IL&FS Investsmart. In a notice to stock exchange, the company said Fidelity and its direct and indirect subsidiaries hold 24.36 lakh shares . More


Bears prevail
THE sentiment reading of the tradable counters continues to remain bearish. Bull domination on Wednesday has the potential to neutralise the sentiment reading. On the contrary, the prevailing bearish sentiment is likely to be further ... More


Weak rupee drags down stock market — Sensex slips 80 in volatile trading
STOCK prices were down sharply after a highly volatile trading session on Tuesday on worries of rupee depreciation and selling of shares by foreign investors. The equity market opened firm with the BSE Sensex moving up by more than 100 points ... More

Tata Steel falls on profit concern
TATA Steel on Tuesday saw heavy selling on concerns that profit margin for the company may not be sustained in future. The stock fell 2.68 per cent at Rs 373.60 on the BSE with volumes of 17.95 lakh shares; on the NSE, it closed at Rs 374.85, ... More


Weak rupee puts bears on front foot
While the bulls made their presence felt in the early hours, the bears wrested control in the later hours hammering it down to close with across the board declines; this trend has been continuing since Friday last. Click ... More


Prithvi Info price band at Rs 250-270
PRITHVI Information Solutions is entering the primary market with an IPO of 50 lakh shares with the price band at Rs 250-270 through the book-building route. The amount raised by the company will be in the range of Rs 125 crore to Rs 135 ... More

Shree Renuka Sugars IPO priced at Rs 285 per share
THE Rs 110-crore IPO (including Rs 10 crore green shoe option) of Shree Renuka Sugars received good response from all categories and was oversubscribed nearly 15 times. Over 57,000 applications were received and the QIB portion was ... More

SEBI to ease norms for IPOs: Damodaran
SEBI is considering easing norms further for companies planning to raise funds in the domestic market, its Chairman, Mr M. Damodaran, said today. However, he declined to give details of the changes the market regulator is planning to make. "The ... More

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