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Dear Members
Indian bourses scaled 1-1/2
month high and closed at 17,570 points on 18th June,
2010. Euro-zone debt worries that have receded after a successful
Spanish government bond auction has boosted the Indian & world
stock market sentiments.
Inflow from foreign funds
will continue to dictate the trends on the domestic bourses this
week. Foreign funds bought Indian equities a net Rs. 3,250 crs. in
six trading sessions from 10th June to 17th
June, 2010. The net inflow totaled Rs. 2,161 crs. in June 2010
compared to a massive outflow of Rs. 1,2071 crs.
Except for “Anti Money
Laundering/Combating Financing of Terrorism Standards- additional
requirements/clarifications” circular released by SEBI and
“Prevention of Money-laundering Amendment Rules, 2010 - obligation
of banks / all India financial institutions” by RBI, there is
nothing much to report on regulatory front.
SEBI has envisaged a campaign
to spread the benefits of demat, specifically addressing investors
still holding securities in physical form. It has invited RAIN to
handle the logistics of this campaign and proposed for a meeting on
24th June (Thursday). The outcome of the meeting will be shared
separately.
More news in weeks to come
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With best regards
V.
Ganesh
Chairman – RAIN
www.rainnet.org
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