Mumbai, Oct 12: US 64, the flagship scheme of Unit Trust of India (UTI) faced repurchases to the tune of Rs 50-60 crore on Thursday. This brings the cumulative repurchases in US 64 to Rs 315 crore since the start of the week on Monday to Friday. The trust probably faced repurchases to the tune of Rs 50-60 crore on Friday, as well. "Reports from all UTI centres in India state that the number of people coming for repurchase now are much less. Probably, the amount of repurchase on Friday also would be at Rs 50-60 crore", said the executive trustee of UTI, PJ Nayak.Sebi panel discusses key issues in futures
The Sebi appointed committee, for the fine tuning of the processes involved in the implementation of futures and options trading on the Indian bourses, on Monday discussed certain key issues regarding the margining system in a futures market and the gross exposure levels for brokers. The committee which comprises representatives of the NSE, JR Varma, BSE, three broking outfits, Reserve Bank ofIndia and Sebi representatives, discussed issues related to `value at risk for futures market'. The committee has now decided to draft various policies before meeting again.
BSE revises margins
The BSE has also decided to revise the special margins imposed earlier on the following stocks wef October 12: BFL Software (Rs 155), Blue Info(Rs 20), Crest Com (Rs 20), DSQ Software (Rs 75), European Soft (Rs 6), Frontier Info (Rs 3), Globe Stock (Rs 3), Gulf Oil (I) (Rs 30), Highway Resort (Rs 3), Hinditrn Inf (Rs 5), Krishna Filament (Rs 70), Leading Edge (Rs 140), Modi Xerox (Rs 30), Orient Cerwool (Rs 22), Ram Informat (Rs 8), Rolta Industries (Rs 17), Sab Nife Power (Rs 10), Sri Adhikari (Rs 15), Sri Vishnu Cement (Rs 18) and Vjil Consult (Rs 10).
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