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Weekly
Trade: FII inflows at $82.7 million
Mumbai:
Foreign
Institutional Investors (FIIs) were net buyers in equities
on all the five trading days. FIIs recorded net inflows
of Rs 376.5 crore ($82.7 million) in equities while netting
sales of Rs 116.7 crore ($25.7 million) in debt market
for the trading week ended July 23. Mutual funds (MFs)
registered net outflows of Rs 193.13 crore in equities
and remained net buyers in debt instruments at Rs 267.76
crore during the period under review, according to SEBI
data.
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SEBI
to decide on suspension of Global Trust Bank scrips
Hyderabad: The Securities and Exchange Board of
India (SEBI) will take a decision today on the suspension
of Global Trust Bank scrips in the markets. RBI
has already directed the Hyderabad-based GTB to stop all
transactions till October 23, beyond allowing depositors
to withdraw Rs 10,000. The
bank has already made huge losses of Rs 273 crore in the
last year, and is believed to have incurred huge losses
this year as well.
The bank meanwhile has assured all depositors that their
money is completely safe in the bank. The bank says that
it is looking at how to reduce the moratorium period and
says that some developments may enable it to make payments
earlier.
According to reports the RBI is likely to approach the
State Bank of India for taking over Global Trust Bank.
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BSE special margins on 19 scrips
Mumbai: The Bombay Stock Exchange (BSE) has slapped
special margins on 19 stocks from tomorrow. The
rates for special margins have been revised keeping in
mind the closing price of stocks on the last day of trading,
BSE said. Some
of the stocks which would attract special margins include,
Kirloskar Brothers, Alka spinning, Geogit Securities,
K Sera Sera, Valecha Engineering, Vimta Labs and Zigma
Software.
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SEBI ban on
Sawaca Business
Mumbai: Sawaca Business Machines Ltd has been prohibited
from accessing the capital market and also from buying,
selling or dealing in securities for a period of five
years by the Securities and Exchange Board of India. Mahendra
Shah, Managing Director of the company, has also been
prohibited from associating with any corporate body in
accessing the capital market for the same period, says
the SEBI order. SEBI concluded its investigations into
Sawaca Business Machines and has found it guilty of breaching
the prohibition of fraudulent and unfair trade practices
regulation.
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