P R I D E
Product Research & Information Desk
Daily Market Roundup
11th January, 2010
For Private Circulation Only
Mutual Fund / Insurance
BSE starts offering liquid schemes of Reliance MF on the BSE StAR Platform.
IRDA penalizes 10 insurance companies for violating various norms and regulations
IRDA says the insurance industry has grown by around 13% in the first half of 2009-
IRDA says general insurers may suffer a loss of over Rs.500 cr due to the Mumbai
SEBI data shows that the domestic mutual fund industry added 10,275 investor
accounts in December, taking the total number to 47.88 mn
AMFI bars four mutual fund agents for mis-selling
IRDA says that the life insurance industry reported a total loss of Rs.4878 cr at the
end of March 2009, 43% higher than the previous year's total loss of Rs.3413 cr
Markets movement will depend on the Q3 earnings of the top companies Infosys,
TCS, Bajaj Auto and many more, which are expected this week. Further, we can
expect a profit booking session in this week.
Globally, markets were trading higher.
The US ended the week flat, with Dow Jones gained 0.11% to close at 10,618.19
The Asian markets were trading higher in the morning backed by the surge in the
China's export as well as rise in the imports. The Nikkei was trading higher by 116
points at 10798 levels.
The Indian market closed the week on Friday in a negative region backed by
subdued sentiments on the earnings which are expected in this week. The
Benchmark indices, Sensex closed the week at 17540 levels, gaining marginally
0.44% compared to previous week closing, while Nifty ended at 5244 levels gaining