Snippets - Tue, 29 Apr 2008

Posted by Kavitt S on 29 Apr 2008 | Tagged as: News' snippets

  • Govt curbs steel exports; levies up to 15 pc export duty
  • RBI hikes CRR by 25 bps more; other rates unchanged
  • India will grow more than 8% in 2008-09: FM
  • CRR rise to absorb Rs 90 bn: RBI
  • Rel Capital Q4 net up 19 pc at Rs 365 cr; declares 55 pc dividend
  • Indian aviation industry to need 6,000 more pilots in 5 years
  • TCS bags $120 mn UK water utility deal
  • Techs lead as Sensex adds over 350 pts: Banking, auto, realty stocks cheer RBI’s credit policy

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Snippets - Mon, 28 Apr 2008

Posted by Kavitt S on 28 Apr 2008 | Tagged as: News' snippets

  • Oil strikes new record near $120 on supply fears
  • Mittal richest in Europe, Ambanis world’s richest together

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FII selling pressure: Sensex plunges 700 pts

Posted by Kavitt S on 01 Apr 2008 | Tagged as: Business News - India, Stock Markets

Foreign Institutional Investors were net sellers in equities on last day of the quarter, amid the Sensex plunging over 700 points. The Sensex ended the day at 15,644.44, a fall of 726.85 points or 4.44 per cent from the previous close.

FIIs made gross sale of equities worth Rs 3,824.84 crore and gross purchase of Rs 2,959.05 crore, resulting in a net sale of Rs 865.79 crore. According to the information available on the SEBI website, FIIs sold shares worth Rs 114.30 crore on Friday.

Domestic institutional investors, however, were net investors in shares worth Rs 566.03 crore, provisional data available on the Bombay Stock Exchange showed. Brokers also invested in shares worth Rs 310.21 crore for their clients or retail investors.

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