FIIs net buyers to the tune of Rs.751-cr in F&O's on Friday
Mumbai: The foreign institutional investors (FIIs) were net buyers to the tune of Rs751.29 crore in the futures& options segment on Friday.

According to data released on the NSE website, while FIIs were net buyers of index futures to the tune of Rs496 crore, they bought index options worth Rs266.23 crore.

They were net sellers of stock futures to the tune of Rs26.49 crore while they bought stock options worth Rs15.55 crore.

As per data available on the Sebi website - FIIs were net sellers of stocks worth Rs1,632.80 crore in the spot market on Thursday. Domestic mutual funds (MFs) were net buyers of shares worth Rs408.70 crore on the same day.
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FII-to-FII trades: Bharti and SBI traded at premium
Mumbai: FIIs counter-generated a turnover of Rs111 crore on Monday with trades of over 22 lakh shares.

Bharti Airtel witnessed a trading volume of 9.89 lakh shares at an average price of Rs389.95 as against the spot price of Rs380.

SBI was traded at a premium of 15.84% with 6899 shares changing hands at Rs1,022 as compared to the spot price of Rs882.25.
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FMC asks commodities exchanges to set up investor protection fund
Mumbai: The Forward Markets Commission (FMC) has directed the commodities exchanges to constitute an Investor Protection Fund. It has also said that all fines and penalties collected by the exchange should also form a part of the fund.
Detailed guidelines for the constitution of the fund would be issued separately, FMC said in a press release.

According to the release, the corpus of the fund should be utilised to safeguard the interests of investors, particularly the small investors.
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L&T Infotech to go for IPO by 2008
Bangalore: Larsen and Toubro Infotech, the software development arm of the $5bn L&T group, intends to launch its Initial Public Offering (IPO) in 2008.

According to A.M. Naik, chairman and managing director, L&T, said, "We are planning to go for an IPO sometime in 2008. It will not be for the purpose of raising money, but to make L&T Infotech more answerable to customers and to unlock shareholder value. The IPO will also give an idea of the value of L&T group."

Announcing plans to set up various campuses across the country, at Mumbai, Pune and Hyderabad, Naik said that funds for these investments were being generated internally.

He said that L&T Infotech's revenue would touch $250 million this fiscal.

L&T Infotech currently employs 2000 product engineers in India.
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