MFs play safe, now bet on cash
Mumbai: As the stockmarkets sink and uncertainties grow over a global economic recovery, mutual funds have raised their exposure to cash or cash equivalents over the last five months to protect against a sudden drop in the value of their equity holdings.
Back to News Review index page  
PSUs' downfall affects NAVs
Mumbai: The Government's decision to interrupt the process of disinvestment, however temporarily, has clearly taken a toll on sentiments prevailing on the stock market. 
Back to News Review index page  
Check on insider trading - SEBI to go easy on definition of `relative'
New Delhi: The SEBI Board has decided to relax the meaning of the term `relative' in the Insider Trading Regulations. Only direct relatives of those who are deemed to have price-sensitive insider information on securities will now come under the ambit of the Securities and Exchange Board of India (Insider Trading) Regulations. 
Back to News Review index page  
Lupin: Adverse effect
Mumbai: The National Pharmaceutical Pricing Authority (NPPA) reduced the price of anti-TB medicines last week. The NPPA's decision had an adverse impact on Lupin Laboratories, a dominant player in the market for anti-TB medicines. 
Back to News Review index page  
Market may droop further
Mumbai: Seasoned market players feel that there may be churning of portfolios in favour of select pharma, IT, cement, steel, auto and bank stocks. However, eyes are likely to be glued on the fundamentals of the individual stocks. 
Back to News Review index page  
Wipro closes firm
Mumbai: A couple of lowered profit forecasts from Lucent Technologies Inc and Honeywell International, expectation of a possible US attack on Iraq and a weakening economy seemed to have affected the sentiment at the US bourses during the week gone by. 
Back to News Review index page  
Forex markets all about rupee strength!
Mumbai: It will be difficult for the rupee to gain appreciably beyond 48.40 for the time being and as we move into the second half of the financial year, import cover will take precedence and with short-term FCLs maturing for corporates, this should also pro vide some demand for dollars. 
Back to News Review index page