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Bond option for UTI assured return schemes
New Delhi: The Government yesterday said that investors in all assured
return schemes of UTI would have the option of getting the payout on
maturity in cash or in the form of seven per cent tax-free Savings Bonds
2002.
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US-64 to be split into 2
Mumbai: The board of trustees of the Unit Trust of India yesterday decided
to split its flagship fund, Unit Scheme-1964 (US-64), by carving out a Rs
181-crore corpus comprising investments of unitholders who came aboard after
January 2001.
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UTI is shunned while others make merry
Mumbai: Investers seem to have refrained from investing in Unit Trust of
India (UTI). The country's largest mutual fund showed a negative inflow of
funds in August while other mutual funds reported positive inflows.
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Bear domination
Mumbai: Bears extended further pressure over Thursday's trading activity.
Their dominance for the second successive trading day left the bulls
stranded. The sentiment reading of the tradable counters stands strongly
bearish.
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KPIT Infosystems' rally petering out
Chennai: KPIT Infosystems, after witnessing a steady rise since the
beginning of August, seems to be losing steam. The stock yesterday closed on
a weak note, losing over 5 per cent to Rs 119.75 on the BSE after touching
an intra-day high of Rs 129.90.
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Zee Tele falls 5 pc on fresh triggers
Mumbai: Zee Telefilms has been on a southward journey for the past few weeks
on account of rumours ranging from a top official resigning to discrepancies
in accounting. The stock has shed over 15 per cent in the last one month.
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Colour Chem under selling pressure
Mumbai: The stock market seems to be losing its patience in
the Colour Chem counter. The delay in the Securities Exchange Board of India issuing a
directive to shipping company Semac's French parent to come out with an open
offer resulted in the Colour coming under selling pressure.
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Downtrend unabated as tech stocks take a pounding
Mumbai: The benchmark BSE Sensex on Thursday continued to spiral down and
remained bearish. Software companies lost further ground, mirroring concerns
of the weak US economy. Profit-bookings continued unabated in select
PSUs and auto stocks.
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`IPO preferable over strategic sale of Nalco'
New Delhi: The Swadeshi Jagran Manch has said that it does
not propose or support strategic sale of Nalco as the first option.
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