NATIONAL 'Sharp rise in market' a cause for concern: SEBI
Mumbai: As stock market index is hurtling to approach the record 6,000 level, Securities and Exchange Board of India (SEBI) today (Jan 1, 2004) expressed concern over the "sharp" rise in the stock market activity and placed it under "close surveillance to detect any abnormal movements".
New Year gift from banks-lending rates cut by 0.25 pc
New Delhi: In what could be a new year bonanza for borrowers, banks have reduced average lending rates by 0.25-0.50 per cent from today (Jan 1, 2004) despite Reserve Bank of India (RBI)'s unwillingness to revise downwards its refinance rate.
New Year heralds with sharp gains, Sensex up 76 pts
Mumbai: Hectic buying by foreign funds helped share prices to herald the New Year with sharp gains at the Bombay Stock Exchange (BSE) today (Jan 1, 2004) , sending the Sensex to close above the 5900-mark at 5915.47, up by a whopping 76.51 points, just near to the all-time closing high of 5933.56 registered on February 11, 2000.
BSE: Sensex resumes New Year with big bang
Mumbai: Share prices commenced the New Year with big bang and the Sensex once again crossed 5900-mark on the Bombay Stock Exchange (BSE) in early trading today (Jan 1, 2004) on all-round buying by foreign funds and operators.
