|
Flexi-asset
allocation plan from HDFC Mutual
HDFC Mutual Fund has sought regulatory approval for a
scheme that embraces the concept of `asset allocation'
as its central theme. The proposed open-ended scheme will
offer investors two plans — debt and equity.
Back
to News Review index page
Marginal
loss on the bourses
Bulls were in control of the initial hours of Friday's
trading. Later on, bears took over and wiped out their
early losses. The market sentiment reading of the tradable
counters stands bearish.
Back
to News Review index page
BSE
plans free-float model for Sensex
Moving in line with the international trend, the Bombay
Stock Exchange (BSE) is set to shift to a free-float model
for giving weightage to various companies in stock indices.
Back
to News Review index page
Dull
equity markets add sheen to gold
Gold appears to be back on the investors' list. The yellow
metal has comfortably outperformed all major global equity
indices. Consider this: a sum of Rs 1000 invested in the
Sensex or the Nifty in January 2002 would now be worth
about Rs 1040.
Back
to News Review index page
Infosys
gains on fund support
Infosys Technologies continued to be the pick of leading
institutional investors on Friday. The active purchase
by these investors is ahead of the company's third quarter
results to be announced on January 10.
Back
to News Review index page
Interest
wanes in Centurion Bank
Centurion Bank, which saw volumes and price increase on
last Friday reportedly on buying by one of the domestic
mutual funds with a banking licence, closed flat on lower
volumes today. The stock closed at Rs 8.90 on the BSE.
Back
to News Review index page
T+2
settlement from April; Will reduce
risk, protect investors: SEBI
In a move that would take the Indian stock trading system
ahead of some of the developed equity markets, the Securities
and Exchange Board of India (SEBI) has decided to further
reduce the settlement cycle from T+3 to T+2 from 1 April
2003.
Back
to News Review index page
Brokers
told to pay 50% of turnover fee by 31 March
The Securities and Exchange Board of India (SEBI) has
asked stockbrokers to pay 50 per cent of the turnover
fee before March 31, SEBI said in a circular issued to
stock exchanges.
Back
to News Review index page
Jaswant
for strengthening regulatory mechanism
Finance Minister Jaswant Singh said that there was a need
to redefine the role of not only the Government, but even
that of the regulatory authorities, in the changing economic
environment.
Back
to News Review index page
SEBI
hearing of GTB promoters on 3, 4 February
The Securities and Exchange Board of India (SEBI), which
recently suspended the promoters of Global Trust Bank
(GTB) from market dealings in the equity shares held by
them, has directed them to appear before it on February
3 and 4 for offering their stand in the case.
Back
to News Review index page
ITC,
Infosys shine in lacklustre market
Trading in a band of 35 point, the benchmark 30-share
index, Sensex closed 0.22 per cent lower at 3357.54 points.
The market breadth, as represented by the ratio of advances
to declines indicated a bearish undercurrent.
Back
to News Review index page
|
