FM bullish on market recovery
New Delhi: Finance minister Jaswant Singh on Sunday said there was nothing to worry on account of the recent fluctuations in share market as economic fundamentals were very strong even as he exuded confidence that the market will go up again.

"There is no cause of panic as economic fundamentals are very strong. The Sensex is undergoing a correction and it will go up again. I am confident about it," Mr Singh told Doordarshan News.
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Hedge funds under SEBI scrutiny
Mumbai: The Participatory Note route used by foreign institutional investors to invest in the stock markets has been held culprit by many for creating volatility in the market.

The Securities and Exchange Board of India clamped down on unregistered companies using participatory notes to invest in the capital markets.
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Morgan Stanley Dean Witter, Govt of Singapore buy Satyam stock
Hyderabad: The Government of Singapore and Morgan Stanley Dean Witter Mauritius are among the foreign institutional investors who have invested in the Satyam Computer Services' stock recently.

This has taken the overall foreign holding in the company to 66.48 per cent during the quarter ended December 31, 2003 from 61.08 per cent during the quarter ended September 30, 2003.
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