US-64 window shut for six months
THE Unit Trust of India (UTI) today confirmed the worst fears of the market and its investors by suspending both sales and repurchase of units under the US-64 scheme for six months, until December and also by slashing the dividend to 10 per cent.

NSE trading in options begins
THE National Stock Exchange (NSE) today commenced trading in American style options contracts on individual securities.

Volumes plunge on first day of badla ban
VOLUMES plunged and stocks tanked on the first day of the new era in Indian stock markets, the introduction of rolling settlements and ban on badla (carry forward) system. Activity in the derivatives market also was pathetic as today's market proved the Cassandras of doom right.

Rupee closes at 47.15 vs dollar
PRESSURE continued to mount on the rupee today and the currency weakened to close the day at 47.15 against the dollar. The rupee had ended the last week at 47.0450 to a dollar.

News channels jostle to grab attention
IT'S not about news breaks only, but about getting the viewer hooked. Competition among news channels is hotting up with Zee News and Star News trying to retain their shares and new ones like Bloomberg and Sahara looking at this market.

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