Equity exposure: Will it be safe this time?
Mumbai: There is a mad rush to build corpus by a number of leading private sector mutual funds. The trend has raised some of the old bogeys, ones that had plagued the market on many earlier occasions.
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NIIT promoters shed 8 pc equity through open market sale
Mumbai: Promoters of computer education and software major, NIIT, have sold nearly three million shares or 7.73 per cent equity of the company in the secondary market during the last three months.
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Uptrend in textile scrips
Mumbai: Even as tech and dotcom scrips continue to remain mired in low trading with not much of original bounce left, the old economy segments like the textile industry scrip is surprisingly doing well, warming up the mandarins.
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Divergent trends emerging
Mumbai: The S&P CNX 500, broadbased index of the currently active mid-cap stocks, is inching up towards its 15-month high of 815. Last week, it closed around 784.
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Divergent trend in Infosys Tech
Mumbai: The growing fear over corporate ethics and an unexpected drop in the University of Michigan index of consumer confidence were enough to sent the US markets to their biggest weekly declines since the aftermath of September 11 terrorist attacks.
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Bonds seen slipping, dealers await auctions
Mumbai: The government bonds are likely to dip this week as investors step up sales to raise funds for bidding at two bond auctions due on Wednesday, which are expected to mop up around Rs 70 billion, dealers said.
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