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Birla
MF's new plan to bet on `dividend yield'
Mumbai: Birla Mutual Fund has identified `high
dividend yield' as the underlying theme for its next equity
fund. The proposed Birla Dividend Yield Plus would invest
in stocks that have a dividend yield of over five per
cent.
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Narrow
movement
Mumbai:
Tuesday's trading activity witnessed narrow movement.
Neither the bulls nor the bears could gain from the day's
trading. The market sentiment reading of the tradable
counters continues to remain bearish.
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Bajaj
Auto gains ahead of Q3 numbers
Mumbai:
Bajaj Auto gained smartly ahead of its third quarter
results. On the BSE, the stock gained 3.09 per cent at
Rs 510.05 with volumes of 2.71 lakh shares. On the NSE,
the stock closed at Rs 510, up 3 per cent.
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Sify,
rediff gain on global trend
Mumbai:
After a long while, Indian Internet stocks Satyam Infoway
(Sify) and rediff.com, have surged back in the last few
days on the Nasdaq Stock Exchange. While Sify's stock
price closed at $4.201 on Monday, rediff at $2.81.
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TTD
order lifts Ramco Systems
Mumbai:
Ramco Systems yesterday created a new 52-week high
on the major bourses with ramped up traded volumes on
news of an order from Tirumala Tirupati Devasthanams (TTD)
and on expectation of a better third quarter results.
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Cadbury
delisting from Jan 20
Mumbai:
Cadbury India Ltd will be delisted from the BSE from
January 20 with the holding of the foreign parent Cadbury
Schweppes and its associates in the Indian subsidiary
increasing to over 90 per cent.
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Gilt
trading on NSE from tomorrow
Mumbai:
Trading in government securities on the National Stock
Exchange will begin from January 16, according to a circular
issued by the NSE. The trading will be as per the draft
scheme announced by the RBI last month.
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Rupee
steady; gilts rally
Mumbai:
Forwards premium on dollar were seen crashing on Tuesday
by close to 20 basis points in the local forex market
with exporters expecting further appreciation in the rupee.
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