www.infystocks.co.uk

25 October 2007

HEADLINES

Highlights of M Damodaran's announcements at the Sebi Press Conference:

Sebi

* Sebi board cleared proposal to have a separate exchange for SME Segment
* Date of calculation of AUC will be Sept 30
* Sub accounts not to be allowed to issue PNs
* PNs can't be issued with ODIs as underlying
* FIIs shall not issue P-notes as underlying as derivatives has been approved
* Current position to be wound up within 18 months
* Board has decided further issuance of P-notes by sub accounts of FIIs to be discontinued with immediate effect
* Sub accounts issuing P-notes have applied for registration of FIIs: Sebi
* Until a final decision is taken on their being FIIs, sub accounts can continue as normal
* Both proprietary and corporate sub-accounts will be allowed to do business till final decision is announced.

nifty can touch 5710 than 5832 than flying to 6000 we have already advising one year investment stocks who who enjoyed your paid services know we recommended suzlone on 1300 and Jindal power and steel 6100 u can see rates on your screen suzlone will cross 5000 and jindal 10000 soon

by erectusplus at 14:29:00 |