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Dear Members
The
Indian bourses reported ninth straight weekly gains and closed at
17,933 points, boosted by earnings optimism, continued fund inflows
and recovery in global stock markets.
FIIs
have shown steady interest in Indian equities post budget which
emphasized on fiscal consolidation and higher consumption power.
FIIs inflow in April totaled to Rs. 3,463 crs. while inflow in the
calendar year totaled to Rs. 24,107 crs.
Reduction
in timelines (from 22 days to 12 days) between issue closure and
listing will now be applicable to all the public issues opening on
and after 1st May 2010.
The
on-going tussle between the two regulators over equity-linked
insurance schemes has come to an end, followed by a truce between
them. Both the capital market regulator (SEBI) and the insurance
sector regulator (IRDA) will have to jointly seek a binding legal
mandate from an appropriate Court.
SEBI
released circulars on "Allocation of debt investment limits", Master
circular "for Stock Exchange - Cash Market" & "for
Depositories" & "Applications Supported by Blocked Amount (ASBA)
facility in public issues".
More
news in weeks to come…..
With
best regards
V.
Ganesh
Chairman – RAIN
www.rainnet.org
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