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UTI
recovers part of unrealised assets - Proceeds to go to
MIP-95 holders
Mumbai: The Trust has also managed to distribute
the recovery proceeds to the unit holders concerned on
a proportionate basis. The distribution, UTI has stated,
has been possible because of its vigorous efforts directed
towards recovery.
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Free
life cover for new K Bond investors
Mumbai: The fund will give free life insurance
cover to all investors purchasing units of K Bond Deposit
Plan up to March 31, 2003 without additional cost.
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Sebi
gets cracking, assigns EDs specific tasks on recomendations
Mumbai: The Securities and Exchange Board of India
on Monday decided to get into action mode on the implementation
of the recommendations of the Joint Parliamentary Committee
set up to probe the 2001 stock scam.
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FIIs
put over 70 per cent of funds in 10 scrips
Mumbai: The FII holding in Indian market is heavily
concentrated, with just 10 stocks accounting for more
than 70 per cent of the total foreign institutional investment.
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Dow
down 18 points at close
Mumbai: US stocks witnessed mixed trends on Monday
as reports of soft consumer spending just before Christmas
spelled trouble for retailers, but a rise in semiconductor
shares lifted technology stocks.
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UTI
forms panel to suggest action plan
New Delhi: The Unit Trust of India board on Monday
formed a three-member committee to study the recommendations
made by the joint parliamentary committee and suggest
an action plan.
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Fund
buying lifts i-flex
Mumbai: On a day when most of the software stocks
closed lower, i-flex Solutions touched a new high. It
touched new 52-week high at Rs 795 and closed at Rs 789.55,
up 4.23 per cent from the previous closing on BSE with
volume of 39,992 shares.
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Select
pharma scrips advance; market range-bound
Mumbai: In yet another day of lacklustre trade
on Monday, the benchmark BSE Sensex remained range-bound
as it ended the day lower by 7.61 points to close at 3,329.61
points. The Nifty shed 3.30 points to settle at 1,076
points.
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Canara
Bank debuts at 40 pc premium
Mumbai: Shares of Canara Bank were quoted at 49.15,
a premium of 40 per cent over the issue price of Rs 35,
yesterday, the first day of trading.
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Derivatives
overtake cash market on NSE
Mumbai: For the first time in the two-and-half-year-old
history of derivatives trading in the country, the volume
in the derivatives segment of the National Stock Exchange
yesterday overtook that of the cash market.
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Re
slips; call rates rise
Mumbai: The rupee ended on Monday at 48.01/0150
against the dollar as compared to Friday's one-year high
closing of 48.0050/0150.
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