Financial Daily from THE HINDU group of publications
Thursday, December 01, 2005
Markets (December 01 - 15.30 IST)
BSE Sensex8944.78(+155.97)
S&P CNX Nifty2698.95 (+46)
US Dollar (Buy/Sell)45.97/45.98



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JM Morgan is price stabilising agent for ICICI Bank issue
ICICI Bank, which is on its way to make a public issue, has mandated JM Morgan Stanley as the price-stabilising agent in the post-listing period. Under the arrangement, Life Insurance Corporation, named as the `greenshoe lender,' will lend ... More


Tata MF plans close-ended tax-saving scheme
TATA Mutual Fund has worked out a 10-year close-ended equity linked savings scheme in line with the new government notification on tax-saving funds. The proposed Tata ELSS Fund 2005, with BSE Sensex as its benchmark, will try to provide medium- ... More


ONGC biggest wealth creator: Study
OIL and Natural Gas Corporation (ONGC) has been adjudged the biggest wealth creator for a five-year period (2000-2005). In a statement issued here today, the company said the Indian capital markets had adjudged ONGC in the category for the ... More

Orchid Chem allots GDRs to Citibank
ORCHID Chemicals & Pharmaceuticals has informed the exchange that the Allotment Committee of the board of directors, in a meeting held on Tuesday, allotted six lakh additional Global Depository Receipts (being the green shoe option) at a price . More

Fidelity hikes stake in Infy
BANGALORE: Fidelity International Ltd (FIL) has increased its stake in Infosys Technologies Ltd. The company informed the National Stock Exchange that FMR Corp and its direct and indirect subsidiaries and FIL and its direct and indirect ... More


Bear domination
THE sentiment reading of the tradable counters turned bearish. Bull domination on Thursday is likely to change the sentiment reading in their favour. On the contrary, the sentiment reading will be further strengthened with additional counters. ... More


Sensex sheds 142 on profit booking
THE stock markets witnessed high volatility on Wednesday. The benchmark 30-share BSE index hit a new all-time high early in the session at 9,033.99 before falling sharply to end at 8,788.81 points, a drop of 245.18 points from the day's high. The ... More

Som Distilleries betting on export growth
SOM Distilleries on Wednesday was high on bourses with volumes. The stock moved up five per cent to Rs 17.71 with a traded volume 1.06 lakh shares against the fortnightly average of just 25,171 shares. According to market sources, the reason ... More


Greater Pacific picks up 20 pc Edelweiss stake for Rs 120 cr
THE London-based Greater Pacific Capital (GPC) has picked up 20 per cent stake in Edelweiss Capital, a Mumbai-based full service investment bank, in two separate transactions, for Rs 120 crore. GPC, an investment firm founded by three former ... More

FL Smidth, Fuller International divest stake in Sanghi Ind
F.L. SMIDTH Ltd (FLS) and Fuller International Inc (FII) have informed the stock exchanges that they have sold shares of Sanghi Industries Ltd (SIL) on November 25. While FLS sold 2.01 crore shares, amounting to 11.49 per cent, FII said it has ... More


Reliance moves down on SEBI enquiry buzz
THE share price of Reliance Industries fell nearly two per cent to Rs 832.90 on Wednesday even as reports of SEBI (Securities and Exchange Board of India) seeking details of the de-merger of group business began doing rounds in the market. A ... More

SEBI bars 12 CSE brokers for price rigging
THE Securities and Exchange Board of India today barred 12 stockbrokers of the Calcutta Stock Exchange from trading till further orders for "artificially inflating the share prices" of Nageshwar Investment Ltd, Adinath Bio-labs Ltd, Globe Stocks ... More

SEBI slaps fine on JMP Securities
THE Securities and Exchange Board of India (SEBI) today slapped a penalty of Rs 1 lakh on JMP Securities Pvt Ltd, a Bombay Stock Exchange member, for committing "irregularities" in the trading of Global Telesystems Ltd (GTL) stock in September ... More


Weakness envelopes large-cap stocks
IT was yet another day that held the promise of a 9K-plus close for the Sensex. For the second time in three days, the Sensex flirted with the 9,000 mark. Unlike Monday when it twice kissed the level but slipped swiftly, the dalliance lasted ... More
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