Primary market investors are
suffering a capital loss of whopping Rs 530 crore in 50 information
technology companies which were listed on The Stock Exchange,
Mumbai since fiscal 2000.
Equity funds seem to be back
in the reckoning as they have given an annualised return of
65 per cent during the past one month compared to negative returns
during the past three months. These funds hit the return charts
after a prolonged one and half years.
The department of post has
decided to offer distribution of a wide range of financial products
ranging from Mutual Funds, debentures/bonds, government securities,
insurance products and also act as depository participant through
its post office network.
All-round selling was witnessed
on Friday on the domestic bourses where players got panicky
following reports of both Dow Jones Industrial Average and the
Nasdaq closing below the support and psychological levels of
10000 and 1800 respectively.
