Sensex up 52 points as punters, foreign funds turn bullish
Speculatives once again turned bullish and almost recovered its Thursday's losses on the stock market on Friday following renewed bull support coupled with fresh purchases by foreign institutional investors (FIIs). The BSE sensitive index rallied to close at 4186.76 as against Thursday's close of 4134.32, netting a gain of 52.44 points.
Permitted securities list to be expanded soon
A complete revamp of the trading system in the listed category, an addition of another 100-odd securities in the permitted category and re-alignment of entry norms for brokers in the permitted category form part of the strategy being worked out to revamp the Over The Counter Exchange of India (OTCEI), according to its newly-appointed managing director Joseph Bosco.
Bought-out deals make a comeback via the private-equity route
Bought-out deals is staging a comeback through the private equity funds route, mostly foreign. Scores of small-and medium-size companies are negotiating with foreign private equity funds to sell a part of their equity to raise cash for expansion and survival.
Sensex spurts 52 points as punters offload their positions
The last day of the settlement cycle on the Bombay Stock Exchange witnessed volatile trading amidst attempts made by speculators to shift their positions to attract lower badla charges. The 30-share BSE Sensitive Index moved in the band of 4,117.58 points to 4,188.37 points before closing at 4,186.76 points, registering a gain of 52.44 points.
HK to stay weak in coming week
Hong Kong stocks are expected to remain weak in absence of fresh leads amid a general downtrend in markets worldwide, after losing 3% in the holiday-shortened trading week to Friday. The Hang Seng index lost 340.70 points from the previous week to finish at 11,001.32 on Friday -- its lowest in more than a month.
Good time to exit from illiquid sugar scrips
The market seems to have already cast its vote in favour of the Mahajan Committee report which has recommended total decontrol of the sugar industry, if the recent upswing in sugar stocks is any indication. The Mahajan Committee has recommended the decontrol of sugar prices in a phased manner over a period of two years.
