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Dear Members
The
markets tripped on Friday as Europe’s sovereign debt, indications of weak
US jobs data and crash in commodity and energy prices raised fresh concerns
over global economic recovery. The BSE sensex fell below the psychological
16,000 mark.
The
currency future trading in three new currency pairs EURO/INR, GBP/INR &
JPY/INR, introduced by NSE & MCX stock exchange saw good response on
the inaugural day. NSE & BSE were open on Saturday, 6th
February, 2010 as NSE was testing an upgraded trading system.
SEBI
dropped all its charges against NSDL in the IPO case on 2nd
February, 2010. Some of the key circulars released during last week are:
1.
SEBI: Standard warning in
advertisements by Mutual Funds & Valuation of debt and money market
instruments
2.
RBI: Prudential
guidelines on capital charge for market risks
3.
IRDA: The Prevention of
Money Laundering amendment rules, 2009 across life, non-life and
re-insurance divisions
RAIN
meeting is scheduled on 11th February and minutes will be shared
subsequently.
With best regards
V. Ganesh
Chairman – RAIN
(www.rainnet.org)
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