|
Briefing
SBI MF declares 20% dividend on MMPS-93 Multiplier Plus-93
SBI Mutual Fund has declared on Thursday 20 per cent dividend on its Magnum Multiplier Plus Scheme-93, an open-ended diversified equity fund.The scheme, which became open-ended from April 1998, had earlier declared a 15 per cent dividend on September 27, 1999 and May 30, 1998.The scheme had net assets of Rs 421 crore as on July 31,2000. The books of the fund will remain closed from September 9 to 16 and fresh purchases and repurchases would commence from September 18.NSE completes 302nd settlement
The National Stock Exchange (NSE) successfully completed its 302nd settlement number N-2000034 here on August 30.The total value of the settlement for securities was Rs 1885 cr and Rs 831 crore for funds. In the dematerialised mode, 551.68 lakh shares valued at Rs 1822 cr were delivered. Value of shares delivered in the demat scrips was Rs. 1811 cr.The pay out has been completed and all shortages to the extent of 0.64 per cent have been successfully auctioned and unrectified bad deliveries for the previous ettlement to the extent of 0.06 per cent have also been auctioned successfully. Nifty up 18 points
Equities, under the leadership of Infosys, recovered strongly on the National Stock Exchange here Thursday due to steady buying and the S&P CNX Nifty rallied by 18.19 points.Mirroring the trend, the S&P CNX Nifty opened higher at 1376.50 and moved in a range of 1397.30 - 1375.90, closed at 1394.10. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
|