IT most favoured sector: Survey
Mumbai: Fund managers' optimism on corporate profit outlook seems to have dimmed in the light of poor monsoon and weakening trend in global markets. 
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Govt securities for UTI to bridge MIP shortfall
New Delhi: The Finance Ministry will issue tradable government securities to the Unit Trust of India (UTI), which can be encashed by the trust to bridge the shortfall in the Monthly Income Plan (MIP) 97 (IV) scheme due for redemption on October 30, 2002.
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Templeton plans interest rate swaps in two schemes
New Delhi: Templeton Mutual Fund, the second largest mutual fund in India, proposes to use interest rate swaps, a derivative product, as portfolio hedging technique and risk control mechanism for the schemes of Templeton India Income Fund (TIIF) and Templeton India Liquid Fund (TILF). 
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MFs still love PSUs despite selloff blues
Mumbai: Domestic mutual funds seem to be still betting on PSU stocks despite widespread doubts over government's ability to push through its divestment programme.
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Disclosure under takeover code - SEBI seeks list of violators
Mumbai: The Securities and Exchange Board of India has asked stock exchanges to furnish cases of on-disclosures by companies listed with them. This follows the amnesty scheme for companies and shareholders announced by SEBI recently. 
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ASE now counting on commodities for survival
Mumbai: Though current the average volume at the ASE is around Rs 40 crore, the last nail may be driven in its coffin once ASE-CML begins trading on the NSE. 
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Interest perks up in HDFC Bank
Mumbai: The US markets declined further as expectations for a rebound in corporate earnings faded out following companies including JP Morgan Chase & Co and Electronic Data Systems trimming their profit growth. 
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Settlement in futures segment may influence direction
Mumbai: According to certain market participants, the first couple of day's trading is likely to be linked to the Government's posture on the disinvestment issue and to some extent to the US market signals. 
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Rupee gives thumbs down to ratings!
Mumbai: The event risk occurred last week by way of the S&P ratings downgrade and took the dollar close to its resistance of 48.49. The market was, however, quick to shrug this off and minutes after the dollar hit its high, sellers of dollars emerged and the unit was back to its pivot of 48.42. 
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Bond market unfazed by S&P downgrade
Mumbai: The market was technically well-positioned for bad news, traders were sitting light and investors were more or less through with their quarter-end profit-booking. There was no supply overhang in the market as the last auction had taken place more than a week earlier. 
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