UTI revives `variable investment' plan
Mumbai: Unit Trust of India has revived its plan to introduce an innovative fund based partly on the BSE Sensex. Its proposal to launch UTI Variable Investment Scheme has again come up for consideration by SEBI.
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Bulls recover
Mumbai: Bears failed to extend their pressure over Tuesday's trading activity. Bulls took over and were successful in reducing the bear count by a considerable margin. The market sentiment reading of the tradable counters stands neutral.
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Steady downtrend in Kesoram Ind
Mumbai: The Kesoram Industries stock yesterday saw significant volumes on the major bourses on a declining price trend. It lost over 8 per cent at close and finished at Rs 28.55 on the BSE .
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Heavy trading in HDFC Bank
Mumbai: A large number of shares was traded on Tuesday in an otherwise quiet HDFC Bank counter. A block deal of over 84 lakh shares were traded in the counter on the BSE.
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JPC for action on SHCIL officials involved in DSQ deal
New Delhi: The Joint Parliamentary Committee (JPC) has sought action against all senior officials of SHCIL including its Managing Director involved in the purchase of 13.3 lakh shares of DSQ Software by the Unit Trust of India (UTI).
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JPC favours more teeth to SEBI Pulls up watchdog for poor track record
New Delhi: The Joint Parliamentary Committee probing the 2001 stock scam has suggested a 19-point agenda to give SEBI more teeth in investigation and enforcement, even though it felt that the market watchdog had a poor track record of punishing wrong-doers .
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SEBI cautions FIIs on leakage of trading data
Mumbai: The Securities and Exchange Board India (SEBI) has cautioned foreign institutional investors (FIIs) against the leakage of their trade data in the stock market. The market regulator has told the FIIs to avoid such leakages in the future.
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Dollar surges, pushes Euro below parity
London: The dollar surged higher across the board on Tuesday, pushing the euro back below parity even after US stocks plunged to 1998 levels, leaving dealers wondering whether the greenbacks decline had run its course.
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Rupee strengthens; gilts range-bound
Mumbai: The rupee closed marginally stronger at 48.6850 on Tuesday against the dollar in the forex market as compared to Monday's close of 48.6950/70. "The Indian currency is expected to strengthen further.
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