Archive for October 17th, 2008
Most of the Asian markets opened the day in the red but soon recovered. While few indices have corrected by over 3% today, the Nikkei 225 stood out up 2.78%. The European markets are trading in the green with the regulators stepping in with stricter norms.
The Shanghai Composite, Nikkei 225 and the NZSE 50 closed the day in the green while all other major indices closed in the red. The Hang Seng is down 4.44%. The BSE 30 is down 5.73%. The Jakarta Composite is down 4.36%. The South Korean authorities have stepped to defend their makets. The Indian National Stock Exchanse index CNX 100 is down 5.62% today. The CNX IT is down 5.61% and the Bank Nifty is down 5.44%
The European markets are having a reasonably better Friday morning. The CAC 40, DAX are up over 2%. The Swiss Market is up 4.43%. The rest of the markets are in the green except for the ATX which is down 3.15%
1 U.S. dollar = 48.5295 Indian Rupees
1 U.S. dollar = 100.9896 Japanese Yens
1 U.S. dollar = 0.7442 Euros
1 Ounce Gold = $786.50
Friday, October 17, 2008 5:34:22 PM IST
October 17th, 2008
Scheme Name
Tata Fixed Investment Plan 3 Scheme A Regular Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
14-Oct-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
21-Oct-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 0.50% if redeemed before maturity. Nil on Maturity
Offer Price (Rs.)
10/-
Minimum Subscription Amount
10,000
October 17th, 2008
Scheme Name
Tata Fixed Investment Plan 3 Scheme A Institutional Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
14-Oct-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
21-Oct-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 0.50% if redeemed before maturity. Nil on Maturity
Offer Price (Rs.)
10/-
Minimum Subscription Amount
1,00,00,000
October 17th, 2008
Few positive Quarterly results, particularly of Google, has made the US markets to close in green. However, recession fears are still haunting the Asian stock markets that have opened the Friday morning with a mixed note.
The US Stock market indices have progressively have moved into the positive territory after having a short downtrend in the trades yesterday. Dow is up 4.68%. NASDAQ is up 5.49% and S&P 500 is up 4.25%.
Investors says most of the G7 countries are in recession and this is of concern to the not just the G7 but for the global economy. The present recession feares are the worst since 1970’s. The US and European Union members are meeting to access the current financial turmoil and to plan steps to come out of the situation as soon as possible. US Banks are said to be borrowing a record $437.5 billion per day from Fed.
Google continued to surprise with its profit announcements. The internet search engine gaint reported $1.35 billion profits for the third quarter, up 26% from a year ago. The company is said to have cut down its spending on data centers and new hires and that new recruitments henceforth will be done ‘responsibly’.
The Asian markets are trading mixed and cautiously. Nikkei 225, NZSE 50 and Shanghai Composite are in the green by about 1% whule All Ordinaries, Jakarta Composite, KLSE Composite and Taiwan Weighted index are in the red. The JGB futures have hit 3-month low as Nikkei rebounds.
1 U.S. dollar = 48.4308 Indian Rupees
1 U.S. dollar = 101.1326 Japanese Yens
1 U.S. dollar = 0.7426 Euros
1 Ounce Gold = $806.50
Friday, October 17, 2008 9:54:08 AM IST
October 17th, 2008
Scheme Name
HDFC FMP 90D October 2008 (2)
Objective of Scheme
The investment objective of the Plans under the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
17-Oct-2008
New Fund Earliest Closure Date
21-Oct-2008
New Fund Offer Closure Date
21-Oct-2008
Indicate Load Separately
Entry Load (Direct Applications and Applications routed through any Distributor / Agent / Broker) : Nil In respect of each purchase / switch-in of units, an Exit Load of 0.75% is payable if units are redeemed/switchedout before Maturity / Final Redemption Date No Exit Load is payable on Maturity / Final Redemption Date of the Plan.
Offer Price (Rs.)
10
Minimum Subscription Amount
Wholesale Plan Rs. 10000000 Retail Plan Rs. 5000
October 17th, 2008
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