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Birla
MF plans Bond Index Fund
Mumbai: Birla Sun Life Asset Management Company,
the joint venture of Aditya Birla group and Sun Life Financial
of Canada, is planning to tap the market with innovative
mutual fund products soon, beginning with Bond Index Fund.
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Funds
active in Hughes Software
Mumbai: Hughes Software gained 7.73 per cent to
close at Rs 144.90 with volumes of 20.91 lakh shares on
the BSE. On the NSE, the stock closed at Rs 147.15, up
9.24 per cent with volumes of 37.99 lakh shares.
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Sensex
to remain subdued on Friday
Mumbai: Selling pressure is likely to grip the
market on Friday. Technology stocks would fall following
a slump in the US markets on Thursday. The sentiment is
highly cautious following US-Iraq war fears even as the
market awaits the quarterly results of some of the key
players including Reliance Industries.
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Dow
Jones slips to 3-month low
London: US stocks sank to their lowest levels in
more than three months on Thursday as AOL Time Warner
Inc.'s huge loss and weak outlook further dampened sentiment
in a market grappling with war and economy fears.
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SEBI
refuses to review share registry norm
Mumbai: The Securities and Exchange Board of India
(SEBI) has declined to review its directive to listed
companies regarding maintaining all work related to share
registry - both physical and electronic - at a single
point.
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FAPCCI
contests common share registry order
Hyderabad: The Federation of Andhra Pradesh Chambers
of Commerce and Industry (FAPCCI) has strongly opposed
the directives of the Securities and Exchange Board of
India (SEBI) asking companies to appoint common agency
for physical and electronic share registry work, either
in-house or by a SEBI registered Registrar and Transfer
(R&T) agent.
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Infotech
stocks sizzle
Mumbai: The markets continued to be in the red
on Thursday despite an improvement in valuations of information
technology stocks. With the over 18 points fall on Thursday,
the Bombay Stock Exchange (BSE) has fallen in three out
of the four trading sessions this week.
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Forwards
spurt; Rupee firm
Mumbai: There was a further spurt in demand for
forward dollar contracts on Thursday, on account of war
fears. The forward premia jumped by close to 20 basis
points from the previous levels.
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