Shares of Coal India, the world's largest coal miner by output, tumbled to a more than five-month low on Monday after government sources said the Indian government was planning to sell a 10 % stake in the company.

Coal India hits five-month low on govt stake sale plan

Reuters

Automobile major Mahindra &amp; Mahindra (M&amp;M) ended 2.96 per cent higher on the BSE after the company reported a surge in tractor sales in April as against the previous month. 


April sales accelerates Mahindra

Business Standard

Union Bank of India crashed 6.66 per cent on profit booking in spite of the bank recorded impressive March 2004 results. The stock, after hitting a high of Rs 89.90, closed at Rs 82.65 on the BSE on

Union Bank crashes on profit booking

Housing finance major HDFC was in the limelight on Wednesday, gaining 3.85 per cent on the back of a block deal of 1.16 crore shares on the Bombay Stock Exchange (BSE). 


HDFC gains 4 per cent on block deal

Bank of Baroda was in limelight gaining 11.89 per cent on back of a block deal of 20 lakh shares at Rs 269 per share. According to market sources, the deal was between two FIIs. 


BoB bounces back on block deal

Cigarette major ITC witnessed selling pressure ever since the Act banning tobacco product advertisements became effective on May 1, 2004. 


Smoking prohibition clouds ITC

State run telecom major Mahanagar Telephone Nigam Ltd (MTNL) ruled firm in a subdued market on Friday owing to strong buying support from institutional investors. 


Institutional buying powers MTNL

Aluminium major Hindalco was among the major Sensex stock losers, dipping nearly 10 per cent in intra-day trades on aggressive selling by hedge funds. After touching the days low of Rs 991, the stock

Chinese fears take sheen off Hindalco

In a subdued market, Mahindra &amp; Mahinda (M&amp;A) managed to buck the trend and ended 1.66 per cent higher after the Reserve Bank of India on Monday hiked the foreign institutional investor (FII)

FII holding limit hike fuels M&M

The share price of Indian Overseas Bank (IOB) slipped by 5.45 per cent on Monday as the banks fourth quarter results failed to impress the markets. 


IOB slides on weak Q4 numbers

Mastek witnessed buying interest on Tuesday on news that its board would consider a buy-back proposal on May 17, 2004. 


Buyback plan comes as a booster for Mastek

Telecom stocks witnessed selling pressure following the decline in the growth of GSM mobile phone subscriber base. 


Fall in subscribers hurts telecom counters

Bharat Forge plummeted 5.28 per cent on Tuesday after the companys fourth quarter results fell below market expectations. 


Fourth-quarter slump hits Bharat Forge

Tata Steel bounced back on smart volume after a few days of heavy selling pressure. Market analysts said the counter witnessed aggressive buying from institutional investors and mutual funds which

Bargain hunters charge up Tata Steel

PSU stocks were hammered on concerns that a weak coalition at the Centre would stall the disinvestment process. As a result, stocks like HPCL, RCF, Shipping Corporation, BPCL and National Aluminium

PSU stocks tumble on LS poll results

ING Vysya Bank tanked 10 per cent in intra-day deals on thin volumes on Friday. The stock recovered at the end of the session to close at Rs 447.65, down 5.76 per cent. Only 1,018 shares were traded

Poor financials hasten ING Vysya's fall

DSP Merrill Lynchs Rs 450 crore stabilisation fund failed to stop the free fall at the ICICIC Bank counter as the scrip ended 9.92 per cent lower on the BSE. 


Stabilisation fund fails to stop ICICI Bank fall

Media major, Zee Telefilms was the only gainer among the Sensex stocks with the stock gaining 14.7 per cent in intra day to touch Rs 117. The stock finally closed at Rs 120.65 up 6.44 per cent from

Zee Telefilms stands tall amid the ruins

Larsen &amp; Toubro (L&amp;T) witnessed high volatility on Tuesday ahead of its suspension from trading from Thursday on account of restructuring within the company. 


L&T tanks ahead of trading suspension

A recovery on the bourses and strong fourth-quarter results lifted the share price of Maruti Udyog Ltd (MUL) on the Bombay Stock Exchange (BSE) on Tuesday.


Q4 numbers drive up Maruti Udyog

The share price of Tata Steel witnessed a sharp surge on Wednesday on anticipation of good fourth-quarter results. The stock gained 7.3 per cent backed by a huge volume of 59.85 lakh shares on the

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