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Due
diligence exercise 151 UTI-II sponsors begin search for
consultants
New Delhi: The sponsors of UTI-II have commenced
the process of selecting consultants who would be entrusted
the task of conducting the due diligence for valuation
of the fund, even as the Government has set February 1
as the date of formal commencement of the bifurcation
of the erstwhile Unit Trust
of India.
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Sideways
movement
Mumbai: Market moved within a closed band for the
fourth successive trading day. Bulls managed to gain marginally
from the day's trading. The market sentiment reading of
the tradable counters stands mildly in favour of the bulls.
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Cosmo
Ferrites up on order talk
Mumbai: Cosmo Ferrites, manufacturer of ferrites
used in electronics industry, is being accumulated by
market players, as seen from the rise in trading volumes
in the last couple of days.
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Dow
plunges 111 points at close
Mumbai: Investors sold off US stocks on Friday,
pushing the Nasdaq to its biggest percentage loss in a
month as poor outlooks from Microsoft Corp. and International
Business Machines Corp. sank hopes for a quick improvement
in corporate profits in 2003.
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SBI
active again on Treasury gains, recovery prospects
Kolkata: State Bank of India yesterday saw a jump
of over 2.5 times in volumes and over 2 per cent gain
in price on the major bourses on a re-rating jig on improved
recovery prospects and profitability in the third quarter
mainly from treasury operations.
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Matrix
Lab in limelight
Mumbai: Matrix Laboratories' stock seems to be
attracting investor interest as the company reaps the
benefit of a process patent on anti-depressant drug, Citalopram.
The stock has been on a rise in the past two months.
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Titan
gains sheen as gold peaks
Bangalore: Titan Industries has been witnessing
an upside in the bourses in the recent past on reports
of the company coming out with a rights issue. The stock
over a span of one week has seen an uptrend of 6 per cent.
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Gilt
volumes drop 91 pc in retail trading
Mumbai: Total volumes of gilts traded in the retail
debt market through the stock exchange model dipped by
almost 91 per cent on the second day of trading yesterday.
Total volumes traded yesterday stand at Rs 16.98 lakh.
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Rupee
firm; gilts buoyant
Mumbai: The rupee ended on Friday almost unchanged
at 47.9300/9350 as compared to Thursday's close of 47.9300/9400.
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