BJP’s plans to channel huge money
into markets
New Delhi: The National Democratic Alliance,
led by the BJP may allow provident and insurance funds to invest in the stock markets.
These funds have an estimated corpus of over Rs.55,000 crore, and are currently restricted
by law from investing in stocks. The funds can invest only in government bonds and
securities currently.
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News Review index page NSE to change Nifty
composition
Mumbai: The National Stock Exchange will be
replacing the Nifty shares Indian Rayon and IFCI with Satyam Computers and Britannia.The
Nifty’s market cap will now increase to over Rs.2,96,000 crore, up by over Rs.6,000
crore because of the new entrants.
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BSE
changes A group composition
Mumbai: 12 information technology stocks
have found a place in the A group, after being transferred from the B1 group. As many as
15 other companies have been transferred to the A group. With the current move, the A
group has the second-highest representation from the IT sector, the first being the
pharmaceuticals sector.
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Increased
advertisement expenditure from mutual funds
Mumbai: With inflows into mutual funds
picking up since the capital markets started booming, their advertisement expenditure has
also picked up. According to ORG-Marg, four private sector mutual funds’ and
UTI’s advertisement budget and expenditure has exceeded the total of the entire last
year, already in the current financial year.
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