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488
stocks hit upper circuit on BSE
Mumbai: On a day when BSE Sensex gained 98 points,
the market players went on a rampage; every fourth stock
traded on BSE got locked in the upper circuit.
What
was more interesting was the maximum number of stocks
hitting upper circuit was from the newly created T-segment
(trade-to-trade segment) that allows netting facility.
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FII
inflows cross $6 billion
Kolkata: Securities and Exchange Board of India
(SEBI) Chairman G N Bajpai today said that total foreign
investment in to India till November this year had already
crossed $6 billion and only a small part of it was hot
money in the form of hedge funds.
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Two
UTI master equity plans to pay 100 per cent
Kolkata: Two
tax-saving funds managed by UTI Mutual Fund will come
out with 100 per cent dividend later this month.
Master
Equity Plan 1998 and Master Equity Plan 1999 will both
come out with the first instance of 100 per cent dividend
from UTI MF.
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Reliance
Capital MF to tap Rs 300 crore in maiden MIP
Mumbai: Reliance Capital Mutual Fund which has
plans to launch a slew of new schemes in the coming months,
launched the Reliance Monthly Income Plan (MIP) on Tuesday.
The initial public offering of Reliance MIP will open
on December 10 and close on December 29.
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HSBC
mutual announces special dividend
Mumbai: HSBC Asset Management (India) Pvt Ltd,
one year after flagging off operations, today announced
an anniversary dividend for the HSBC equity fund and the
launch of two new schemes.
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SEBI
plans to seek OTCEI revival via `call auction'
Kolkata: The Securities and Exchange Board of India
is working out a proposal aimed at reviving the Over The
Counter Exchange of India, which has been suffering from
a lack of takers in recent years. The regulator would
like the exchange to try out a mechanism called `call
auction' as a means of revival.
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Surya
Pharma public offer opens on Dec 18
Mumbai: Surya Pharmaceuticals Ltd will open its
initial public offer on December 18. The offer of 30 lakh
equity shares of Rs 10 each for cash at a premium of Rs
35 each would aggregate Rs 13.5 crore.
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Snowcem
barred from market
Mumbai: The Securities and Exchange Board of India
has restrained Snowcem India Ltd from accessing the securities
market and dealing in securities for two years.
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