Why is India's new economy falling prey to the American dream? The US markets' expertise in analysing the new economy coupled with the high valuations they have been putting on knowledge-based companies is drawing an unprecedented number of Indian companies to the Nasdaq and NYSE. Economy stocks bounce back; tech counters remain weak Late buying in Reliance industries and other economy-linked stocks reversed an early weak trend as shares bounced back to close higher on the stock market on Thursday after reports that the margin system in the stock exchanges would be simplified. Unit Trust plans to offer buy and sell facility on the Net Mutual funds major Unit Trust of India (UTI) will offer investors the facilities of buying, selling and redemption through the Internet soon after payment gateways are set up by banks, a top official said on Thursday. `US high-tech stocks could be heading for a fall' FTSE drops 2 points as techs, telecoms tumble Net surfers, here's your chance to make a million bucks! Asia markets shudder as IT stocks fall Market Round-up Euro stocks hit by gloom in tech, US fund rumours AMC's agony casts gloom over future of hedge funds Badla at CSE crashes to 40% Click Here for Market Indicator Tables - Top Gainers/Losers of the day - New Highs/Lows achieved during the day
feedback@financialexpress.com