STOCK MARKETS
Sensex crashes on panic selling
A LATE rush by panic-stricken retail investors and punters to cover morning long positions hastened a collapse of an uncertain BSE Sensex shaving off more than 2 per cent of its value by close. The 30-share benchmark of the BSE opened high and ... More

Banking stocks tumble on expectation of weak results
BANKING sector stocks, especially PSU banks, came under heavy selling today due to perception that the financial results of most of the banks would be below market expectations mainly due to the revised norms of 90 days provisioning for ... More

GAIL under FII drilling
THE GAIL (India) stock has seen a sharp fall in the last few days. Dealers said the selling was mainly from a leading FII. Talk in the market is that this FII had recently bought a large quantity of the company's GDRs, which are now being ... More

DERIVATIVES MARKETS
Tata Tea: Outlook negative, short January futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: Tata Tea: The stock closed at Rs 370 in the spot market. The outlook on the stock appears negative. The downside price target is ... More

REGULATORY BODIES & RULINGS
Grasim exempted from open offer for CemCo
THE Securities and Exchange Board of India (SEBI) has exempted Grasim Ltd from having to make an open offer for CemCo, the cement company proposed to be demerged from L&T, and whose majority stake is to be acquired by Grasim, under an agreement . More

COMMENTARY
All-round selling pulls down Sensex
THE benchmark indices were trying to hold their ground in the positive territory for the former part of the day. Owing to the intense selling pressure, the BSE Sensex plunged by 141.99 points to 5,922.11 points and the S&P CNX Nifty down by ... More

SHAREHOLDER ACTIVISM
MSL minority shareholders seek rights protection
ARMED with an independent valuation report by ICRA advisory services, a section of minority shareholders of Maharashtra Scooters Ltd (MSL) has approached the Securities and Exchange Board of India seeking protection of their rights. The ... More

ECONOMIC OFFENCES
Hearing on Bengal plea on arrest of DSQ promoter
THE Chief Metropolitan Magistrate (CMM) here on Tuesday heard a petition filed by the Government of West Bengal in a case related to issuance of arrest warrant against Mr Dinesh Dalmia, promoter of DSQ Software. The state police, in pursuit of ... More