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Equity
funds NAVs witness up to 17% erosion in a week |
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The mayhem in stock markets
has cast its shadow on equity funds as their net asset values
have seen a massive erosion of up to 17 per cent in one week.
Thanks to the terrorist attack in the US and fear of a war,
the Sensex has lost over 500 points since September 11. |
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GoI-Sec
volumes decline at the start of consolidation phase |
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The turnover on the NSE's
wholesale debt market has been declining steadily. During September
to till date, the average trading volume dipped to Rs 2,650.36
crore from Rs 3,158 crore in August. Total turnover during this
month was Rs 37,105.09 crore. |
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Bloodshed
on bourses, 13 Sensex stocks touch 52-week lows |
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The bloodbath on the bourses
continued unabated on Monday as war worries led 13 out of the
30 Sensex heavy-weights to touch their new 52-week lows while
four others were looming dangerously close to that level. |
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FIs
consider steps to prop market, prevent losses |
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Financial institutions, including
the UTI, are considering various measures to prop up the market
and prevent themselves from heavy losses in the wake of turmoil
prevailing in the Indian financial sector after terrorist attacks
in the US. |
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