The Telegraph - Calcutta : Business

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| Friday, February 04, 2005 |

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Stocks breach 6600

Markets get back to their winning ways as future looks perfect for hedging in oil prices

The sensex soared past the 6600-mark today as investors buoyed by the increase in foreign investment in telecom scrambled to scoop up shares. The move is seen as a sign that reforms are on track, and more could be expected in the Budget for 2005 ... | Read..

MCX countdown to crude futures debut

As consumers and users fret over volatile crude prices and the absence of a hedging mechanism in India, the Multi-Commo ... | Read..

Mauritius bank in SBI locker

State Bank of India (SBI) has zeroed in on the Mauritius-based Indian Ocean International Bank (IOIB) where it will pick up ... | Read..

Sebi takeoff signal for Jet flotation

Jet Airways has emerged from the last air-pocket before its initial public offer with the company securing the long-awai ... | Read..

Centre takes a big hit as states get richer

The Centre will suffer a Rs 26,000-crore hit in 2005-06 as a consequence of its decision to implement in toto the recomm ... | Read..

Stocks breach 6600

Sensex

6619.97

+89.91

Stock Indices

BSE-100	3568.29	(+49.25)
S&P CNX Nifty	2079.45	(+27.02)

Govt readies cheap power tariff proposal
The Union power ministry will approach the cabinet to seek approval for a new tariff policy tha.. | Read..

Sale code for life insurers in offing
Have you ever been suckered into buying a life insurance policy over the phone or the Internet?.. | Read..

Bonds face PF rate heat

The decision to hike interest rate on Employees Provident Fund (EPF) to 9.5 per cent is largely.. | Read..

Balrampur Chini to take preferential route

Balrampur Chini Mills Limited will issue fresh equity on a preferential basis to finance its Rs.. | Read..

Nath finds foreigners? appetite growing

Commerce minister Kamal Nath said today that India had figured more strongly than China on the .. | Read..

Dabur formalities to close Balsara deal

Dabur India Ltd (DIL) is seeking shareholder approval for its recent acquisition of Balsara Hyg.. | Read..

Pureit quenches Lever thirst for new

Hindustan Lever Ltd has launched Pureit ? a gadget that purifies water... | Read..

Hint of cess to promote renewable energy

Power may be dearer by one paise per unit to promote clean generation... | Read..

AROUND THE GLOBE

US interest rates harden

The US Federal Reserve on Wednesday raised interest rates for a sixth straight time, extending a po.. | Read..

Qwest, MCI in merger talks

MCI Inc and Qwest Communications International Inc are in talks that could lead to a merger, the .. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Tricom to hike capacity

Share Prices

Name	BSE	NSE
HLL	165.45 (+0.09)	165.06 (+0.95)
ITC	1329.35 (+4.02)	1329.06 (+4.02)
Infosys	2103.25 (+36.07)	2101.35 (+29.55)
Reliance	541.01 (+7.25)	540.95 (+7.04)
Wipro	694.05 (+8.04)	694.03 (+8.01)
Zee	152.45 (-1.05)	152.06 (-1.02)

Foreign Exchange

US $1 : Rs 43.42	UK £1 : Rs 82.02
Euro : Rs 56.58	Yen 100 : Rs 41.76
HK $1 : Rs 5.05	SW Fr1 : Rs 35.08
Sing $1 : Rs 26.00	Aus $1 : Rs 33.25

Bullion

Bombay
Gold Std (10gm)	Rs. 6080
Gold 22 Carat	Rs. 6035
Silver bar (1kg)	Rs. 10400
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6150
Gold 22 Carat	Rs. 5805
Silver bar (1kg)	Rs. 10200
Silver Portion	Rs. 10300