Draft Offer Documents of the following mutual fund schemes are submitted to SEBI and are put on SEBI website for public view and commenting:
Escorts Small Priced Shares Fund
Add commentSeptember 18th, 2008
Thursday, September 18, 2008 3:52:15 PM IST
The markets that that had a gap down opening took a dramatic come back to close in the green by closing bell. Nifty closed up at 4043.95 up by 0.89%. Sensex last traded at 13315.60 up by 52.70 points or 0.40%
CNX 100 closed up 0.76% while CNX 500 closed up 0.13%. CNX IT closed in the red and is down by 1.16% while Bank Nifty closed in the green and is up 2.75%
The BSE Midcap and Smallcap indices closed in the red by 1.18% and 2.24% respectively. While Bankex and Oil & Gas closed in the green up by over 2.68% and 2.36% respectively, Realty and Consumer durables closed in the red down by 4.48% and 4.04% respectively.
Suzlon, Punjab National Bank, Ambuja Cements, Siemens, HDFC Bank, NTPC, ICICI Bank, M&M, Sterlite Industries and Reliance closed in the green. Ranbaxy, National Aluminium, Zee Limited, DLF, Unitech, Infosys, Tata Steel, Satyam, Tata Power and HDFC closed in the red.
1 U.S. dollar = 46.4511 Indian Rupees
1 U.S. dollar = 104.4932 Japanese Yens
1 U.S. dollar = 0.6969 Euros
1 Ounce Gold = $878.50
1 Barrel Crude Oil = $98.15
Add commentSeptember 18th, 2008
Thursday, September 18, 2008 10:47:05 AM IST
Indian markets continued to stay inline with the Asian markets today. The Sensex lost over 600 points in early hours of trade. Sensex is at 12660 levels while Nifty is at 3837.85 levels. BSE Realty sectoral index is down over 8.55%
CNX 100 is down 4.41%. CNX 500 is down 4.63%. CNX IT is down 5.24% and Bank Nifty is down 4.03%.
Unitech is down 9.19% and is trading at Rs. 115.60 levels. Reliance Communications, DLF, Bharti Airtel, TCS, Siemens, Satyam, Sterlite Industries, Reliance Infra, Reliance Power are the leading losers on the Nifty.
Indiabulls Financial Services Limited is down 15.44% today and is trading at 160.75 levels on the Nifty. Vinyl Chemicals (India) Limited is down 13.79% and is trading at Rs. 5 levels.
The Sensex too is in deep red. The BSE Midcap and Smallcap indices are down 5% and 4.78% respectively. All sectoral indices on the BSE are down at least by 2.32%. Metal, IT and Consumer Durables indices are down over 5% each.
On the commodities front, Gold saw a swift jump as equity markets across the global are in difficult times. Meanwhile, Crude too jumped to $96-odd levels increasing the concern. The US Dollar softened a bit in comparision with the Indian Rupee.
1 U.S. dollar = 46.1595 Indian Rupees
1 U.S. dollar = 105.0972 Japanese Yens
1 U.S. dollar = 0.6961 Euros
1 Ounce Gold = $860.30
1 Barrel Crude Oil = $96.15
Add commentSeptember 18th, 2008
Draft offer documents of the following mutual fund schemes are submitted to SEBI and are not put on SEBI website for public view and commenting:
HDFC Annual Interval Fund - Series I
Add commentSeptember 18th, 2008
After the recent crisis at Merrill Lynch, and respecting the transfer of ML holdings in DSP ML Mutual Fund, DSP ML MF is all set to become DSP BlackRock Mutual Fund. It may be recalled BlackRock took over the 40% state of ML held in the DSP ML MF. Since the other 60% is held by the DSP Group, there might not be structural or policy changes in regard to the mutual fund or its schemes. All will be in the name change only. The Mutual Fund house has done the filing of the necessary documents for the name change. Once approved, DSP Merrill Lynch Mutual Fund will be called DSP BlackRock Mutual Fund.
Add commentSeptember 18th, 2008
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