Financial Daily from THE HINDU group of publications
Friday, December 27, 2002
Markets (Dec. 26)
BL 2501128.45 (+7.73)
BSE Sensex3382.64 (+29.87)
S&P CNX Nifty1094.80 (+9.80)
Dollar (Buy/Sell)47.98/48.11
Gold Std (10 gm)5610 (+10)

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G-secs on stock retail mode
RETAIL investors can buy and sell Government securities on the stock exchanges in the same way they do equity shares, once the draft scheme announced by Reserve Bank of India is actually implemented. As per the scheme announced by RBI today, ... More

Reliance lifts Sensex to seven-month high
THE BSE Sensex today touched a seven-month high led by Reliance Industries, which is all set for the mega launch of its Infocomm venture tomorrow. The 30-share benchmark index of the Bombay Stock Exchange gained 29.87 points (0.89 per cent) to ... More

RBI lowers daily CRR level for banks to 70 pc
THE Reserve Bank of India today reduced the level of Cash Reserve Ratio (CRR) that banks are required to maintain on a daily basis from 80 per cent to 70 per cent. The RBI had, in the mid-term review of its monetary and credit policy in ... More

Reliance hikes BSES stake to 44%
RELIANCE Industries Ltd, along with Reliance Power Ventures Ltd, today bought close to two per cent equity in power company BSES Ltd. With this, the RIL Group holds 44.12 per cent stake in BSES, according to a notice to the stock ... More

CDMA may not lure customers
WHILE the telecom industry in the country waits for the big burst of pan-India CDMA (code division multiple access) services from the three giants - BSNL, Reliance Infocomm and Tata Teleservices - across the country, the nature of CDMA ... More


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