In its efforts to deepen the
fledgling derivatives market and also make available more investment
products to the mutual funds, the Sebi is contemplating to allow
MFs to invest in derivatives segment along with the Foreign
Institutional Investors.
There seems no respite for
cyber investors as technology stocks are now trading at a hefty
discount of up to 87 per cent to their book values. The book
value, which is generally reckoned as intrinsic value of a stock,
is low in an IT company as compared to its old-economy counterpart.
The Reserve Bank of India on
Thursday formally announced the hike in the investment limits
for foreign institutional investors which, it said, can go beyond
24 per cent to a maximum sectoral cap/statutory ceiling as applicable.
