Financial Daily from THE HINDU group of publications
Wednesday, Feb 19, 2003
Financial Daily from THE HINDU group of publications Wednesday, Feb 19, 2003 |
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Markets
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Stock Markets Columns - Ear to the ground Funds interest seen in PNB
PUNJAB National Bank attracted much interest, particularly from institutions, on Tuesday. According to market sources, domestic funds and institutions flocked the counter ahead of the Union Budget. Analysts are bullish on public sector banks with the Securitisation Bill coming into force and banks being more stringent in recovering assets from defaulters. PNB closed higher on the BSE by 3.74 per cent at Rs 84.65 with 9.71 lakh shares being traded. On the NSE, the stock went up 4.05 per cent to close at Rs 84.80 with 25.65 lakh shares being traded.
FIIs shed Infosys
INFOSYS Technologies has been under pressure lately. According to sources in the market, selling by foreign institutional investors has been witnessed in the counter. Infosys declined by over six per cent in the past one month. Today, the stock closed lower by 0.48 per cent at Rs 4240.70 with 3.46 lakh shares being traded on the BSE. On the NSE, the stock fell 0.40 per cent to close at Rs 4243.50 with 6.76 lakh shares changing hands.
Aparna Krishnan
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