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G-Sec
rally boosts returns from long-term gilt funds |
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The long-term gilt funds have
given a whopping weekly return of up to 3.56 per cent during
the period September 21-28. The sharp jump in returns is in
the backdrop of a spurt in government bond prices during the
last week. |
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Turnover
on BSE, NSE plummets |
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Trading turnover on both BSE
and the NSE dipped sharply on Wednesday as investors scurried
to build positions and funds keeping themselves on the sidelines
as the 48-hour deadline given by the US and its allies is about
to lapse. |
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Last-minute
selling trims 40 pts off Sensex |
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The Sensex moved in a narrow
range before last minute sell-off, triggered by institutional
investors, saw it losing 40 points to settle the day at 2754.95
on Wednesday. |
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Amfi
committee asks RBI to extend overdraft facility for income funds |
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The Association of Mutual
Funds in India’s committee on credit-policy has recommended
to the Reserve Bank of India that it extend the 25 per cent
overdraft facility for income funds. |
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