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Distributors to see reduction in commissions from today
The New Year may bring challenges for distributors of financial products who had found solace in unit-linked insurance products (Ulips) after the Securities and Exchange Board of India (Sebi) had banned entry load on mutual fund instruments from August this year.

PTC Fin may raise Rs 1.5k cr through IPO by FY11-end
PTC Financial Services, a subsidiary of Power Trading Corporation, is mulling to raise Rs 1,500 crore by divesting 26 per cent of the promoters’ stake.

News of the day

Star Allied may rope in ally to shore up capital base
The company faced solvency margin issues recently.
Small Business

FIIs net sellers of Rs 362 cr in cash mkt today

Foreign institutional investors (FIIs) were net sellers of Rs 361.67 crore (provisional) today, according to data released by BSE. - FIIs net bought Rs 13 crore in F&O on Monday - FII-TO-FII TRADES: PNB traded at 5% premium - "FII inflow will be lower than in "09" - FIIs net buyers of Rs 153 cr in cash mkt today - Premiums drop due to low volatility - FIIs pump in Rs 8,100 cr in market While FIIs made gross purchases of Rs 2,123.88 crore, gross sales totalled Rs 2,485.55 crore. Domestic institutional investors (DIIs) were net buyers of Rs 22.54 crore today. While DIIs made gross purchases of Rs 1,396.48 crore, gross sales totalled Rs 1,373.94 crore. FIIs were net buyers of Rs 294.70 crore on Monday, January 18, according to data released by Sebi today. While FIIs made gross purchases of Rs 2,619.90 crore, gross sales totalled Rs 2,325.20 crore. Mutual funds (MFs) were net sellers of Rs 115 crore on Monday. MFs made purchases of Rs 506.50 crore and sales of Rs 621.50 crore.


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