Sensex up 126 points 126 in bull market
Mumbai: The BSE Sensex rose by 126 points and rallied to within sight of the 5,000-mark, the NSE benchmark index pierced a crucial resistance at 1,550.

The 30-share Sensex closed at 4,906.87, up 2.64 per cent from its previous close, while the broader 50-share S&P CNX Nifty closed at 1,555.90, 2.57 per cent above its previous close of 1,516.85.
Back to News Review index page  

Reliance Cap MF plans several new schemes
Mumbai: Reliance Capital Mutual Fund (RCMF) wants to be among the top five mutual fund players by the end of the current financial year. For this, the asset management company of RCMF has drawn up a plan to launch over 20 new schemes panning across all the product categories in the next three months. It has also embarked on a marketing programme to create a niche for itself in the industry.
Back to News Review index page  

JM schemes to tap auto, healthcare sectors
Kolkata: JM Mutual Fund has proposed to introduce a couple of interval funds focused on the most happening sectors, healthcare and automobiles. For the purposes of redemptions and switch-outs, the relevant interval period would be the last five working days of a month.
Back to News Review index page  

NSE slaps special margin on 11 scrips
Mumbai: The National Stock Exchange today imposed special margin of 10 per cent on 11 scrips. According to a NSE circular, the margin is being introduced as a risk containment measure.

Stocks on which the additional margin has been imposed are: Bank of Baroda, BPCL, HCL Technologies, HPCL, Infosys Technologies, L&T, ONGC, Oriental Bank of Commerce, Reliance Industries, Telco and Wipro Ltd.
Back to News Review index page