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SEBI finetunes advertisement code for mutual funds
In the recently notified amendments to the mutual fund regulations, SEBI has ruled that all advertisements announcing the launch of a scheme and those which solicit subscription to the scheme shall disclose all the risk factors as required by the advertisement code.
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Skindia GDR Index witnesses buoyant mood
Inspite of mixed emotions prevailing in the local market where the BSE sensex was in a constant jig, the GDR market witnessed a buoyant mood. The Skindia GDR index saw a record 55 point rise during the week to close at 835.73 points on February 5.
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Badla rates hover around 15%
Carry forward rates on the Bombay Stock Exchange hovered at around 12%-15% on Saturday, down from the 15%-17% registered in the previous week. However, several pivotals like Reliance, ITC, Asian Paints, Dr Reddy, GE Shipping, Grasim and Indian Hotels attracted backwardation charges.
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Turnover of 6 scrips up 80% in demat mode
Six out of the eight securities selected by the Securities & Exchange Board of India (SEBI) for compulsory demat trading for institutions have recorded a 80% plus growth in turnover last week as compared with the turnover recorded in the first fortnight of compulsory demat trading -- from January 15-30.
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