Financial Daily
from THE HINDU group of publications

Monday, July 23, 2001





Mutual Funds
No respite for small investors
BY the time you are through with this piece, the market would brace itself to see the UTI drama (which peaked last week with the CBI raids on officials) roll on for some more time. Investors, however, would need to wait patiently before there is any disc ernible improvement in the situation.

Bearish weakness may continue
BELLIGERENCE is in the air. As the country's stock market gasps for volume and funds, the market intermediaries sit up. The week is scheduled to begin with blank trading terminals on Monday, thanks to the decision of the apex body of the brokers, which w as formed last week. ``It's a token strike-back at the powers-that-be, whose action sent the capital market into a tailspin in last three months'', comments a broker.

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