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SHCIL brings out investment guide for its investors

Mumbai, Feb 22 (UNI) With a view to create awareness among its retail investors, the Stock Holding Corporation of India Ltd (SHCIL) today come out with an investment guide.

Releasing the book here today, Director Business Development of Department of Posts Swati Pandey said ''It is time for investors to understand how to put their hard earned money in the stock market.'' She said she hoped the guide will be of great help to those aspiring to invest in the stock market. Informing about the activities of the postal department, she said ''The postal department has 1,55,000 branches all across the country including rural parts of India.'' SHCIL CMD R Jayaraman Iyer said ''This book may be treated as a softcopy at a time when the Government of India was busy finalising the budget for the next fianncial year''. However, he promised that his company had plans to come up with more detailed guide post budget.

UNI

Sensex crashes by 167.18 pts

Mumbai, Feb 22 (UNI) Continuing with the downslide for the third consecutive day, the Sensex plunged by 167.18 points today on the Bombay Stock Exchange and closed in the red at 14,021.31 points on sustained heavy selling pressure by mutual funds and other operators. A sudden sell-off gripped the market in late trading on expiry of February 2007 derivative contracts. Much of the fall materialised in the last 50 minutes of trade. Cement, auto, banking shares and pharma pivotals weakened.....

Prices of groundnutseed, its oil up; RBD palmolein ease

Mumbai, Feb 22 (UNI) Prices of Groundnutseed, its oil went up on good demand while RBD Palmolein eased on lack of fresh demand, traders at the Bombay Commodity Exchange (BCE) today said. Castorseed futures contract slashed by Rs 17 per quintal on lack of fresh demand and closed at Rs 1946 per quintal with 120 tonnes volume. Following are the spot rates of oilseeds (all figures in rupees) as provided by the BCE here: Oilseeds per quintal Oils per 10 kg.....

Gold, silver up on bullish global advices

Mumbai, Feb 22 (UNI) Gold and silver went up on bullish global advices today in the closing session, traders at the Bombay Bullion Association said. Following are the closing rates of Silver and Gold: Silver (per kg) 999 fineness grade : Rs 20,450 (20,105), Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,710 (9,450), Gold 99.9 purity pure gold : Rs 9,760 (9,500). UNI.....
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