The minister added that the exchanges should not be discouraged by the failure of past attempts at launching such a dedicated platform for small exchanges.
The good part is that even in the most beaten down sectors, there have been some select stocks that have given not just positive, but considerable, returns.
The alleged synchronised or circular trading in these companies happened from March 1, 2009 to December 15, 2009 on the Bombay Stock Exchange.
Corporate giant Reliance Industries (RIL) on Tuesday said it has allotted 1.6 lakh shares to its employees under the Employees Stock Option Scheme (ESOP).
Shriram Investments to mull rights issue.
The Bengaluru-based company had posted a net profit of Rs 1,456.4 crore (Rs 14.56 billion) in the year-ago period, it said in a filing to the Bombay Stock Exchange.
The benchmark index of the Bombay Stock Exchange climbed above 17,000 points on Wednesday for the first time since May 2008.
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
The Bombay Stock Exchange IT index has dipped almost 9% or 585 points at 6,210 compared to 1.56% fall in benchmark Sensex at 0917 hours.
Unilever, which derives 52-53 per cent of its $70-billion revenues from emerging markets, said it expected economic pressures to continue in 2013.
Index options safest in derivatives but can wipe out all the capital if attempted without knowledge.
After its stock fell 22 per cent on the Bombay Stock Exchange, education solutions provider Educomp Solutions filed a complaint with the Additional Commissioner of Police, Economic Offences Wing, Crime Branch (Delhi Police) to identify the source of malicious emails alleging account manipulation, and has sought action against them.
"We will complete the transformation within May 2007 and are talking to select foreign exchanges for a possible partnership," Bombay Stock Exchange Ltd managing director and CEO Rajnikant Patel said.
The new unlisted firm will include Wipro Consumer Care & Lighting (including furniture business), Wipro Infrastructure Engineering (hydraulics and water businesses) and Medical Diagnostic Product & Services business, Wipro said in a filing to the Bombay Stock Exchange.
With FIIs getting back the voracious appetite for Indian stocks, they have put in over Rs 3,500 crore (Rs 35 billion) through just 62 bulk deals on the Bombay Stock Exchange in the first two months of the current financial year.
Ramesh Damani, stock broker, Bombay Stock Exchange, is known for prudent stock-picking. Though he prefers to be cautious while talking on individual stocks due to regulatory issues, in an interview with Business Standard, he drops a few hints about the current rally and the sectors he is betting on.
Shares of Anil Ambani-led Reliance Communications and Reliance Infrastructure gained five per cent each on expectation that rate cuts would help lower the interest cost burden of these companies.
Foreign institutional investors have pulled out over 5,307 crore (Rs 53.07 billion) from the stock market in the last six days, amid the Bombay Stock Exchange's benchmark index Sensex's continuous downward journey during the period.
Closes 20 points lower on a bout of profit-booking.
Following the stake sale buzz, shares of the company opened higher and further zoomed 8.51 per cent to Rs 47.80 on the Bombay Stock Exchange.
Move follows 26 per cent acquisition in Ahmedabad's NMCE.
Mahindra & Mahindra on Friday confirmed its bid to acquire the Romanian government's stake in SC Tractorul UTB SA, Brasov.
IT firm Tech Mahindra on Monday said it will allot 45,000 equity shares under its employee stock option plan.
Shriram Transport Finance plans rights issue.
The Bombay Stock Exchange's 30 share benchmark Sensex is trading 5.69 per cent lower so far this year.
Appearing unruffled by over 600-point plunge in stock market on Thursday morning, finance minister P Chidambaram said every movement in the bourses did not require a comment.
With an FIR filed against it and its stock taking a beating amidst allegations that its account books were manipulated by its promoters, Educomp seems to be in trouble. Managing Director Shantanu Prakash explains the company's stand.
New Delhi Television Ltd has declared a dividend of 20 per cent for the financial year 2004-05.
It is second only to the disastrous 2008.
Bajaj Tempo Ltd has approved change in the name of the company to 'Force Motors Ltd'.
Meanwhile, market regulator Securities and Exchange Board of India said in a statement the reports suggesting that MNS has asked it to provide Marathi as an option on its website were erroneous.
In a late surge on Thursday, Jet Airways shares soared 9.7 per cent to close at Rs 408.5 on the Bombay Stock Exchange on speculation the airline's promoters had initiated talks to sell stake in the company.
There is no way out for Mallya's debt problems unless he sells some of his stake, says an analyst.
Shares of Reliance Natural Resources Ltd on Friday surged over nine per cent on the Bombay Stock Exchange after the Bombay High Court issued an interim order restraining Reliance Industries from selling natural gas from KG gas field to a third party.
The National Stock Exchange on Wednesday removed Satyam from its benchmark index Nifty and the IT firm will be replaced by Reliance Capital with effect from January 12.
The Bombay Stock Exchange has declared a trading holiday on October 13 on account of the Maharashtra Assembly elections.
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