Shifting its interest from
new economy stocks to relatively safer stocks in the old economy,
the UTI finds HDFC Bank as a safe bet as is seen in the revamped
portfolio of the US-64 scheme announced on December 28, 2001.
Even as the capital market
regulator Securities and Exchange Board has cleared the way
for elected broker-directors to be on the governing board of
the bourses, the Bombay Stock Exchane awaits the market regulator’s
formal clearance for its board structure.
Foreign funds and speculative
buying in technology stocks pushed the Sensex higher by 68 points,
extending gains around 4 per cent in three consecutive days,
thus gathering steam following sustained gains on the Nasdaq
and on expectations of strong Q3 to December results of frontline
software stocks.
