Monday, March 31, 2008

Market Updates

Bodal Chemicals Ltd has informed the BSE that a board meeting will be held on April 9 to consider and declare of interim dividend on equity shares and preference shares for the financial year 2007-08.

Compact Disc India Ltd has informed the BSE that a board meeting will be held on April 14 to consider and approve various funding offers given by the top foreign banks to finance company's expansion plans at KINFRA SEZ, Trivandrum and also to app rove the corporate restructuring of the company.

Foseco India Ltd has informed the BSE that it has fixed May 12 as the record date for the purpose of payment of interim dividend.

Bata India Ltd has that the board of directors of the company at its meeting held on March 28 has recommended a dividend of 15 per cent on equity shares and an additional dividend of 5 per cent to celebrate 75 years of the Company in India.

Crude oil fell to $105
a barrel on Monday, extending Friday's decline, after the restart of a crude pipeline system in Iraq eased fears of an extended exports disruption from the country's oil-rich south.

US light crude for May delivery fell 56 cents to $105.06 a barrel, after hitting an intraday low of $104.34.

The rupee on Monday moved higher against the US dollar due to rising trend in equity market.

In active trade at the forex market, the local currency opened higher at 39.84/85 a dollar. It ended previously at 39.8950/9050.

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