The Hindu Business Line : Thursday, June 30, 2005

Indecisive move
THOUGH bulls were in command of Wednesday's trading activity they had very little impact on the top-10 tradable counters. The sentiment reading of the tradable counters remained bearish. Further bull move on Thursday is likely to turn the ... More

STOCK MARKETS

Sensex gains 70.88 points
BUOYED by the global markets and renewed buying by foreign institutional investors, the domestic bourses on Wednesday recovered some of their lost ground. The Sensex ended on Wednesday with a gain of 70.88 points to close at 7119.88. The Nifty ... More

Zodiac Clothing jumps on dividend, acquisition move
ZODIAC Clothing has been a favourite of the bourses for the last two days. The scrip jumped 10 per cent on Wednesday to close at Rs 529. On Tuesday, the company announced a dividend of Rs 7 per equity share. The company also informed the stock ... More

IndusInd Bank up on merger hopes
THE proposed merger between Bank of Punjab and Centurion Bank is expected to have an unlikely beneficiary. The other mid-sized private bank IndusInd Bank is entering the ante of investors who are hoping for a similar deal for the bank. Dealers ... More

Su-Raj Diamonds shines on value buying
THE Su-Raj Diamonds counter retained its sparkle and activity on the bourses on Wednesday in the cum-dividend state. The stock finished at Rs 50.70, up 2.45 per cent, with a traded quantity of over 1.86 lakh shares on the NSE. On the BSE, it ... More

FOREIGN INSTITUTIONAL INVESTORS

RBI okays FII buying in Apollo Hospital
THE RBI has notified that foreign institutional investors can purchase equity shares and convertible debentures up to 74 per cent of the paid-up capital of Apollo Hospitals Enterprise Ltd under the portfolio investment scheme. The board of ... More

COMMENTARY

Market recovers after initial hiccups
IN the early hours on Wednesday, the market was unstable with the bellwether indices moving back and forth into the negative territory. The bulls, however, dominated the market after the initial volatile trend. The advances-declines ratio ... More

IPOS

CIAL board okays maiden public issue
THE board of directors of Cochin International Airport Ltd (CIAL) has approved its maiden public issue, which is slated to hit the market early next year. The airport plans to raise Rs 51 crore from the market: Rs 25 crore from public issue and ... More

SPL IPO subscribed by 5.72 times
SPL Industries Ltd's IPO opened on Wednesday was subscribed by 5.72 times at 5.14 crore shares, of which 2.35 lakh shares were at the cut-off price. The issue ends on July 5. On offer are 90 lakh equity shares of Rs 10 each at a price band ... More

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