The Financial Express -- Markets

Monday, June 16 1997

Price manipulation in complex instruments keep investors at bay

The poor retail response to the Krishna Filaments and Ispat Industries' issues highlights the investor apathy towards complex instruments. While the Rs 53.52 crore OFCD issue from Krishna Filaments devolved on the underwriters, Ispat Industries had to extend its Rs 800-crore FCD issue following a poor response from retail investors.

New options emerge in pension funds

Currently, mutual fund pension schemes offer benefits under section 88 of the Income Tax Act. Subscription made out of chargeable income will qualify for deduction from income tax @20% upto a maximum subscription of Rs 60,000.

UTI turns buyer as redemption pressure eases

A section of the market attributes the current bull-run to the absence of UTI as a seller. This is in contrast to the general perception that UTI may sell in a bouyant market to amass funds for paying dividends in US '64 and Mastershare.

SEBI may suggest own formula for HLL preferential issue

Mark to market -- Strong sentiments prevail for SBI

Infosys: Buy ex-bonus

Sensex may touch 4132 if it crosses 4030 points

1:1 bonus, liberal payout push up Tata Info scrip

Low price-earning makes Indian stocks attractive

How to make the depository more investor-friendly

40 firms fail to list on BSE

Prime point -- Caution is the buzzword

More steam left in SBI despite outperformance

After correction, will the next stop be 4600?

Ind Navratna price drops to all-time low