The interims list grows!
Mumbai: In order to beat the increase in dividend taxes, more and more companies are joining the bandwagon to declare interim dividends before June 1.

Joining the growing list today were HDFC, which declared a 90 per cent second interim dividend, Mahindra & Mahindra, which declared an interim of 55 per cent for the current year and Novartis, which annoucned a 150 per cent interim dividend.

On a rough reckoning over 50 companies have already announced interim dividends since the budget, and over 100 companies are said to be in the pipeline for announcing their interim dividends.
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Sensex crawls up marginally
Mumbai: With infotech stocks back in flavour, the BSE sensex marginally crawled upwards to close at 5,146 points, a mere 5 points higher than its previous close. The star performer on the market was Reliance Industries, which saw renewed buying interest following the long 42 minute meeting the Ambani family had with the US President, Bill Clinton, during the latter’s visit to Mumbai. The meeting fuelled such rumours as the Ambani family wanting to list the Reliance shares in the New York stock exchange to Reliance taking over various large US petrochem companies.

After a week of subdued trade, infotech stocks were back in action and several scrips including Wipro, Global Telesystems, HCL Infosys, Silverline and the like seeing renewed buying.

The NSE index closed at 1,561.85, lower by 8 points to its previous close.
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