Markets: BSE imposes special margin on 30 scrips
Chennai: Special margins of 25 per cent on 30 scrips will be imposed on the basis of member-wise gross purchase or sales position (client-wise net), by the Bombay Stock Exchange with effect from Monday, a statement from the exchange has said.

The stocks on which the margin has been imposed are Carnation Nutra-Analogue Foods, Channel Guide India, Fast Track Entertainment, G-Tech Info-Tr, GV Films, Gemini Comm, Geojit Securities, Indo Asian Fuse, Interworld.com, K Sera Sera, Kirti Finvest, Lakshmi Overseas, Mega Corp, Megasoft, Millennium Cybertech, Monalisa Info, Nagarjuna Agri, Priyadarsh Spinning Mills, Prraneta Ind, Radhe Develop, Steel Exchange, Stone India, Sumeet Industry, Suryajyoti Spn, Syschem India, Themis Medicare, Vakranjee Soft, VEL Software, Vijay Textiles and Wellworth Overseas.
Back to News Review index page  

Markets: FII purchases in equities show sharp decline
Mumbai: There has been a sharp decline in the investments by the Foreign Institutions (FIIs) in the market, as evidnced by the fact that the FIIs made net purchases of just Rs6.1 crore in equities for the week ended March 25. The mutual funds (MFs), on the other hand were net investors at Rs387.05 crore.

The foreign funds were net sellers at Rs132.6 crore ($30.3 million) in the debt market for the period under review, according to the data available with the Securities and Exchange Board of India (SEBI). The mutual funds on the other hand were net buyers in the debt market at Rs822.02 crore.

There has been an accretion of $1.7 billion to the foreign exchange reserves, pushing it up to a record $142.13 billion.

The Stock Exchange, Mumbai, (BSE) during the week under review, saw the sensex losing 257.47 points to close at 6,442.87 points.
Back to News Review index page  

PNB listing of new shares on March 29
New Delhi: The Punjab National Bank is planning to list the additional eight crore shares, which it had issued to the public, on March 29. The bank had earlier fixed the cut-off price at Rs390 per share. The bank's second public offer was over-subscribed sixteen times.

PNB's public offer received bids for 125.05 crore shares as against the offer of eight crore shares. The bank would now retain Rs3,120 crore at the price of Rs390 a share.

Qualified Institutional Investors would be offered up to 3.2 crore shares of the total eight crore shares. Bids from retail investors were over-subscribed by 11.68 times.
Back to News Review index page