HSBC Securities focus is on convergence stocks
HSBC Securities India is overweight on the infotech, telecom and media sector, which is part of the convergence theme of its India investment strategy for the current year. Satyam, Global Telesystems,

After gilts, MFs shift gaze to MIPs
After a flurry of gilt fund launches, asset management companies are now turning to monthly income plans in the debt category. While Templeton is already in the market with its open-end monthly income plan, Tata AMC plans to launch a three year closed-end MIP.

SRF Q3 show reflects restructuring efforts
SRF Ltd has once again reported a good set of results in the current financial year. Q3 net profit is up only marginally over the corresponding period, from Rs 6.4 crore to Rs 6.7 crore.


  Mutual funds told to form board-level audit committees
  CDSL and NSDL agree on on-market transfer system
  Cinevista set to offer part of IPO through book-building
  No further FII purchases of ICICI shares -- RBI
  Khandwala declares 1-1 bonus
  Cadila likely to price IPO between Rs 275-400
  Bharat Forge, Vikas WSP are our best picks, says Prudential-ICICI CIO
  Gilt funds rally sharply on PPF rate reduction
  Asian markets fall on Dow, rate boost worries
  NAI in talks with Sebi, NSE over internet trading security software
  Infotech stocks hog the limelight, cyclicals weak on profit-booking
  Profit-taking wipes out part of early gains
  Market Round-up
  Indian Oil plans to list on New York Stock Exchange


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