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Dear Members
The Indian bourses crossed the psychological 18,000 levels last week.
Healthy auto sales, strong manufacturing and services sector data, revival of the monsoon rains,
sustained buying by foreign funds and firm global equities, boosted the market sentiments.
Foreign funds continue to mop up Indian equities.
FIIs bought equities worth a net Rs. 2,000+ crs. till 5th August this month.
Few circulars were released across BFSI segment
last week. Request you all to access the same in “Circulars Corner” in RAIN website.
On RAIN front, RAIN committee will be meeting Mr. Nagpal, ED,
SEBI on 12th August, to discuss on the core committee recommendations which mainly includes the net
worth requirements of the intermediaries.
We shall keep you all posted on the updates, post the meeting separately.
The proposed trip to South Africa has been postponed to 10th
of September due to Visa reasons. We are happy to induct more people to join this African trip.
Please send your nominations latest by the 12th of August, 2010.
With best regards
V. Ganesh
Chairman – RAIN
www.rainnet.org
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