Markets recoup, Sensex gains 147 points
Mumbai: The stock markets dampened by Monday's twin bomb explosions in Mumbai , bounced back confidently today as investors returned to make purchases.

Brushing aside fears of violence, they helped wipe out the previous day's losses. The Finance Minister, Mr Jaswant Singh's statement that the fundamentals of the economy were strong, boosted the sentiment alongside, according to brokers.
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ICRA plans new ratings for Mutual Funds
Kolkata: ICRA Ltd, in collaboration with Moody's Investor Services, has decided to launch two new sets of ratings for the mutual funds industry either by the end of September or in the beginning of October.

According to Mr P.K. Choudhury, Managing Director of ICRA, these two ratings are MQ and IQ. While MQ is about Management Quality, IQ is about Investment Quality. At present, ICRA offers a CQ (Credit Quality) rating to the mutual funds. However, CQ is an individual service from ICRA.
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Temasek, Stanchart form India-focussed fund
Mumbai: Temasek Holdings (Pvt) Ltd and Standard Chartered Private Equity (SCPE), the private equity arm of Standard Chartered Bank, have established a $100 million India-focussed private equity fund called the Merlion India Fund, an official statement said here on Tuesday.
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Sugar companies stocks rise on price hike
Mumbai: After banks, textiles and steel sector stocks, sugar companies' shares are attracting market attention mainly on account of increase in the sugar price and increased demand due to the beginning of festival season.

Brokers said the rise in the sugar companies' shares is due to the rise in the sugar price during the last one month, a period considered as lean period for sugar demand. In August, the wholesale sugar price in Mumbai has gone up by Rs 2 per kg.
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