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Dear Members
The
markets continued their downward trend and closed at 17,591 points
on Friday (16th April) amidst volatile trading as an
imminent hike in key short-term interest rates by the RBI at its
policy review scheduled today (20th April) to tame
spiraling inflation weighed on investor sentiment. Negative global
cues also aided the fall apart from a spat
between regulators on oversight of unit linked insurance products or
ULIPs.
FIIs
remained buyers and bought equities worth Rs 2.43 bn. while domestic
institutions sold equities worth Rs 1.88 bn.
Some
of the key circulars released in the last week are “Amendments to
Equity Listing Agreement - Discontinuation of Electronic Data
Information Filing and Retrieval (EDIFAR) System” & “Additional
information regarding PCC, MCV or equivalent structure” by SEBI and
“Know Your Customer (KYC) Norms/Anti-Money Laundering (AML)
Standards/Combating of Financing of Terrorism (CFT)” by RBI. For
complete details, please check “Circular Corner” in the home page of
RAIN website.
Nothing
much to report on RAIN front.
With
best regards
V.
Ganesh
Chairman – RAIN
www.rainnet.org
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