Post-budget, NAVs see quantum jump
Mutual funds could not have hoped for better times. After getting 'a dream budget', their net asset values (NAVs) are now witnessing a surge, thanks to the post-budget bull run. A representative sample of 10 growth funds considered by this newspaper indicated an average jump of 16% in NAVs since budget.

Operators unwind; Sensex down 38 points
The post budget rally finally took a breather on Thursday after operators unwinded their positions ahead of the end of settlement at the Bombay Stock Exchange on Friday. The Sensex, which had gained 339.29 points in three consecutive days of rally, shed 38.46 points to close at 3601.96 on Thursday.

BSE to reduce post-trading settlement to 7 days
In the era of dematerialised trading, the Bombay Stock Exchange (BSE) has decided to further reduce its post-trading settlement period to seven days. Currently, it takes 14 days, from the first day of the settlement.

  AAPCI says draft report on CIS needs to be reviewed
  Euro hits record low against dollar
  Middle East gas export premium falls as India shifts to sulphur imports
  Market Round-Up
  BoB cuts coupon on 7-yr, 10-yr bonds
  Financial Briefing
  India's abstinence hurt Middle East gas export
  Market Round-Up
  BoB cuts coupon on 7-yr, 10-yr bonds
  Financial Briefing
  Reaction can bring Sensex down to 3400-3500
  Tax-free dividend income from MFs provides cushion to corpor
  Restructuring to help Philips in the long run
  Market Briefing
  Setting the time right
  High connectivity charges may hit overseas expansion
  Rally percolates to smaller bank stocks
  Canpep-93 from Canbank to go open-ended
  Rs 62-crore SWIL rights issue to open on March 13
  Book profit now, reassess position later
  Digital Equipment
  Commodity briefing