Magnum Triple Plus to come up for redemption on May 19
SBI Magnum Triple Plus, the assured return scheme from SBI Mutual Fund, will come up for redemption on May 19. Interestingly, the AMC has given Magnum Triple unitholders an option to partly or fully re-invest their redemption proceeds in open-end funds of SBI Mutual Fund.

PSU stocks stage a comeback on buyer's list
They are back in the limelight. Wednesday belonged to the public sector stocks on the bourses. Till Monday activity at the PSU counters were lacklustre. But on Wednesday, when the Sensex rose by only 27 points, PSU majors hit the upper band of the filter.

Canbank AMC restructuring pays rich dividends
The Canbank AMC plans to convert the Canbonus scheme, its first growth scheme, into an open-ended scheme on May 3; the Canexpo scheme, its first sectoral fund into an open-ended scheme on May 15 and Canpep '93 its tax saving-cum-growth scheme into an open-ended scheme on May 15, 1999.

  PM's pep talk, results play down politics
  `Market outlook continues to be positive'
  Market to re-rate Procter & Gamble
  Market Briefing
  Silver flares up on NY advices; wheat dara slips
  Centre directs STC to buy 100 lakh kg of tobacco
  Floating Stock -- Pentafour magic charms
  Auto component manufacturers beat recession
  Sri Lanka hopes to boost tea sales
  Tyre makers want removal of natural rubber ban
  Surana Tele to delist from MSE
  Exide Ind -- Powering ahead
  Price risk seen on upside in Asian crude market
  ISPL -- Poor performance
  Shares on the move -- Global listing plan props up McDowell
  Market in wait-n'-watch mode
  Corporation Bank -- Potential for gain
  Shares up as oil prices stage a recovery
  Market Round-up
  China rules out currency devaluation to aid exports
  RBI pegs liquidity support to primary dealers at 2%