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Sensex
crosses 6,000
Mumbai: Investors poured money into Indian equities
taking the country's oldest stock index, the BSE Sensex,
to its historic high on the second day of the new year.
The 30-share Sensitive Index of the Bombay Stock Exchange
closed today above 6,000, the first time since its inception
in 1986.
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Bullish
market: It's real, says CII
New Delhi: The Confederation of Indian Industry
on Friday said that strong growth had pushed the Sensex
beyond the 6000 mark. "This is not euphoria, this
is real," CII President, Mr Anand Mahindra, said
in a statement.
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BoB
Mutual lines up schemes with cover
Kolkata: BOB Mutual Fund has lined up a clutch
of schemes, all of them offering insurance benefits to
investors.
The
fund, sponsored by Bank of Baroda, has readied offer documents
for what it has named BOB Children Fund, BOB NRI Fund
and BOB Monthly Income Plan. All three are open-ended
schemes.
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JM
Mutual Fund to introduce MIP Plus
Kolkata: JM Mutual Fund is the latest to endorse
the idea of MIPs with higher equity allocation, a la the
likes of Prudential ICICI, Tata and Principal. It has
decided to introduce an additional plan - JM MIP Plus
- in its recently-launched monthly income
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