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Get
the best out of your MF investment
New Delhi: A recent study by Standard & Poor's
in the US showed that 60 per cent of equity funds had
underperformed the S&P 500 index over a five-year
period.But in the relatively short period of their operations,
Indian mutual fund houses have a much better track record.
Six out of every 10 equity funds have outperformed the
market indices over the past six years; bond funds too,
have generated impressive returns over this period.
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SEBI
directs exchanges to switch to T+2 mode
Mumbai: The Securities and Exchange Board of India
(SEBI) has directed all the stock exchanges to shift over
to T+2 rolling settlement from April 1 from the existing
T+3 rolling settlement.
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Divi's
Labs lists at 25 pc premium
Mumbai: The shares of pharma company Divi's Laboratories
Ltd (DLL) were listed on the stock exchanges on Wednesday
at a premium of over 25 per cent to the issue price of
Rs 140. The initial public offering (IPO) of DLL has received
good response from the investors with oversubscription
of 15 times.
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Indo
Gulf suspended
Kolkata: The Calcutta Stock Exchange announced on
Wednesday that trading in the Indo Gulf Corporation scrip
will be suspended following the scheme of amalgamation
of the copper business of Indo Gulf with Hindalco Industries.
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Jindal
Iron on funds' buy list
Mumbai: After falling by over 20 per cent in the last
three weeks, Jindal Iron & Steel was back again on
the buy list of select institutional investors.
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Block
deals in Concor
Mumbai: The Container Corporation (Concor) stock on
Wednesday on the Bombay Stock Exchange saw 2.4 lakh shares
changing hands through a single deal at Rs 216, the day's
highest quote. The Concor stock finished the day at Rs
213.75, up from Tuesday's closing of Rs 211.15. The block
deal catapulted the stock to record volumes of 3.54 lakh
shares (83,648 shares) on the BSE. On the NSE, however,
there was a marginal change in the volumes. The stock
recorded volumes of 1.39 lakh shares (1.15 lakh shares).
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Hopes
on FII ceiling revive PSU banks
Mumbai: PSU bank stocks got going on Wednesday on
the major bourses on widespread expectation that foreign
investment limit in them may be hiked.
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Volumes
tumble in derivatives segment
Mumbai: War fears and holiday announcements by the
stock exchanges push down the indices to red again. The
Nifty ended 12.85 points lower at 1001.70 points as compared
to Tuesday's close of 1014.55 points.
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Rupee
stable; gilts gain
Mumbai: The rupee ended on Wednesday at 47.6550/6600
against the dollar as compared to Tuesday's close of 47.6450/6500
in the currency markets.
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Primary
dealers caught on wrong foot
Mumbai: Primary Dealers (PDs) in government securities
appear to have gotten into a bit of a mess trying to second-guess
the bond market. According to market sources, many PDs
are likely to see their portfolios eroded by at least
10 per cent by the end of the fiscal year.
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Dow
Jones up 28 points at close
Mumbai: US stocks rose in a late-day rally on Wednesday
as investors swooped in to buy beaten down shares, including
Delta Air Lines and automaker Ford Motor Co. and shake
off the gloom over Iraq.
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