With Vorin Laboratories announcing an open offer for the shareholders of ailing Fine Drugs and Chemicals, the share has shot through the roof by 596 per cent in just three trading sessions. The spurt in prices of Fine Drugs indicates that the market expects a turnaround in the company after the acquisition.

SEBI suspends UPSE members

SEBI has suspended two broking firms of Uttar Pradesh Stock Exchange (UPSE), Vinod Kumar & Company and T N Bansal & Company, for two and three months respectively for indulging in illegal carry-forward transactions among other irregularities.

Investor programme on bourses

Alkesh Dinesh Mody Institute of Investment Studies, University of Mumbai, will commence the Investors' Programme on Stock Exchange Studies on April 15. The topics broadly cover almost all areas of the securities market as well as the developments.It has a practical orientation by exposing the participants to the day-today working of stock exchanges, brokersoffice, BOLT system and clearing house.

Asian stocks take a hit from Wall Street

Stock markets across Asia fell Wednesday after a sharp overnight drop on Wall Street triggered fears of a correction on the US market, dealers said. Tokyo plunged 3.1 per cent and Hong Kong fell 3 per cent as investors locked in profits on recent gains, dealers said. Singapore and Sydney each eased 0.7 per cent and Kuala Lumpur gave up 1.8 per cent. Bangkok fell 1.5 per cent, Jakarta and Manila retreated 0.9 per cent each and Taipei dropped 0.8 per cent. Seoul ended barely lower.

Select pivotals fall on fresh selling

Prices of select pivotals reacted towards the fag end on the first day of the current settlement at the National Stock Exchance (NSE) today. The market opened on a buoyant note, but a few pivotals declined gradually during the day. Mirroring the general trend, the S&P Cnx Nifty started firm at 1091.15 and rose further to 1091.90. Later, it reacted to end at 1062.80, showing a fresh fall of 10.15over the last close of 1072.95.