FIIs net buyers in F&O's to the tune of Rs.1,017-cr
Mumbai: Foreign institutional investors (FIIs) were net buyers to the tune of Rs1,017.21 crore in the futures option segment on Thursday.

According to data released on the NSE website, FIIs were net buyers of index futures to the tune of Rs580.74 crore. They also bought index options worth Rs142.19 crore and were net buyers of stock futures to the tune of Rs294.48 crore.

They sold stock options worth Rs0.20 crore.

FIIs were also net sellers of stocks to the tune of Rs1,935 crore in the spot market on Wednesday.

Domestic mutual funds (MFs) were net buyers of shares worth Rs1,155.61 crore on Wednesday.
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Sebi backs off on Karvy order
Mumbai: The Securities and Exchange Board of India (Sebi) has modified its order and has allowed Karvy Stockbroking Ltd (KSBL) to continue providing services to its existing demat customers, pending an enquiry into charges related to the IPO scam.

In the scam, operators opened fictitious accounts to corner shares of companies raising money from the capital markets.

Modifying his order of April 28, G. Anantharaman, whole-time member of Sebi who is investigating the scam, said KSBL could serve its existing clientele but would not be allowed to take on any new customers.

This is a pull back from its earlier order, served in April, where the same member had asked the Hyderabad-based group to close its demat services, halt proprietary trades in securities, and refrain from taking on fresh assignments as a registrar to an issue or a share transfer agent.
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NSE stock quotes to be available on cellphones
Kolkota: Bangalore-based Live Market Watch Solutions is offering live feed from the NSE on mobile phones. The service will allow users to monitor the movement of scrips on the National Stock Exchange (NSE) live on their phone screens.

The company says that the technological breakthrough is the first of its kind in India, and will reduce the bulk of the calls made to brokers by investors asking about stock prices.

Live Market Watch Solutions, founded by former cricketer Brijesh Patel, will be offering two variants of the service - LMW-Pro and LMW-Lite. While Pro will be priced at Rs199 per month, and will update information every second, the Lite variant will be available for Rs99 per month, and will refresh data every 10 seconds.

The NSE has 70 lakh investors. Of this, 69 lakh are offline investors who call up brokers to enquire about share prices.
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Deccan Aviation IPO over-subscribed
Mumbai: Deccan Aviation Ltd's IPO was 1.23 times over-subscribed just before final closure on Friday, according to officials of Enam Financial Consultants, one of the lead managers to the issue.

The fully book-built issue, originally priced at Rs150-175 a share, had its floor price revised to Rs146, and also had its closure extended by three days after last week's market crash diluted its prospects.
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NSE, BSE revise STT rates
Mumbai: The National Stock Exchange and the Bombay Stock Exchange have raised securities transaction tax (STT) on the transactions executed on the exchanges in derivatives and capital market segments from June 1. The revision is as per the Finance Act 2006, which received Presidential assent on April 18.

In the case of the capital market segment, the tax has been revised upward to 0.125 per cent from 0.1 per cent.

In the derivatives segment, sale of a derivative where the transaction of such sale is entered into a recognised stock exchange, the rate has been revised from 0.0133 per cent to 0.017 per cent.
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