|
MFs
can invest $1 billion in listed foreign firms
As part of a slew of big-bang measures aimed at further
flexibility in capital account transactions and integrating
the Indian financial market with the global capital markets,
the Finance Minister, Mr Jaswant Singh, today announced
that mutual funds can invest $1 billion in listed foreign
companies.
Back
to News Review index page
MF
investors can diversify the risk element: Report
The
proposal to ease overseas investment rules for mutual
funds would help investors in diversifying their risk
and giving better return for the investors, mutual funds
analysts have said.
Back
to News Review index page
Sensex-based
funds on free float 'must rebalance portfolios'
Index funds based on the Sensitive Index (Sensex) of the
Bombay Stock Exchange, which is expected to go on free
float, will need to rebalance portfolios in order to align
them with the changed weightages.
Back
to News Review index page
Bear
onslaught on the bourses
Bears were in total command of Friday's trading activity.
Bulls were unable to make any impact during the day's
trading. Friday's market action resulted in reducing the
bull count by a considerable margin.
Back
to News Review index page
BgSE
to go slow on external evaluator
The bourse had approached leading investment bankers to
value the company following market watchdog, SEBI's directive
on corporatisation and demutualisation of stock exchanges.
Back
to News Review index page
Value
buying pushes up Canara Bank
Canara Bank saw rise in volumes and scaled a new high
on the Bombay Stock Exchange and National Stock Exchange
on value buying. Analysts and brokers expect improved
profits in the third quarter.
Back
to News Review index page
IPCL
flares up on turnaround hopes
IPCL has been witnessing an upside on the bourses in the
recent past in anticipation of a turnaround in the petrochemical
sector. The stock was quoting around the Rs 78 levels
in the first week of this month.
Back
to News Review index page
Goldman
Sachs pares exposure in Infosys
Goldman Sachs, the top client of Infosys Technologies,
has pared its exposure in the Infosys stock while four
new funds have picked up positions over 1 per cent in
the quarter ended December 31, 2002.
Back
to News Review index page
Infosys
meltdown casts shadow on indices
Despite announcing a 24-per cent growth in net profit
for the third quarter of 2003, Infosys Technologies today
lost 7.5 per cent on the BSE, and was the leading drag
on both the BSE-TECk index as well as the BSE Sensex.
Back
to News Review index page
Institutional
interest in J&K Bank
Jammu & Kashmir Bank attracted market attention both
from institutional and retail investors. Value buying
in the stock was seen on a general rise in public sector
bank scrips. The bank has the lowest NPA in the industry.
Back
to News Review index page
SEBI
pulls out 6 firms from derivatives list
The Securities and Exchange Board of India (SEBI) has
decided to defer derivative trading in stocks of Zee Telefilms,
Aftek Infosys, GTL, Himachal Futuristic, and SSI.
Back
to News Review index page
|
