Sensex touches 4800, drops 30 points
Mumbai: The Bombay Stock Exchange's 30-share Sensex crossed the 4800-point mark, but closed at 4,679.92, which was 30.33 points lower than the previous day's closing. In intra-day trading the Sensex reached an all-time high of 4810.33, which analysts attributed to  expected profit-taking. Foreign funds had a limited role. Even the finance minister's assurance that "the revival will hold and we will go forward from here" did not spur the sentiment.

The National Stock Exchange's Nifty witnessed greater volatility and shed 57.5 points

In London, the prices of Indian GDRs were down marginally.
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Long-term debt market planned, says Sinha
Mumbai: The  government is taking steps to create a long-term debt market, essential to fund the infrastructure  sector, finance minister Yashwant Sinha said.

He said at the inaugural function  of the Central Depository Services at the Bombay Stock Exchange that the government will also introduce equity derivatives to hedge against risks in the stock markets.

The finance  ministry, the department of company affairs and the Securities and Exchange Board of India have formed a committee to look into companies that have disappeared after floating public issues, Sinha revealed.
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Depository, surveillance system inaugurated
Mumbai: Finance minister Yashwant Sinha inaugurated the Central Depository Services and the on-line surveillance system of the Bombay Stock Exchange.

The depository is co-promoted by the  exchange, State Bank of India, Bank of India, Bank of Baroda and HDFC Bank. It has a total net worth of Rs 100 crore.
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Gold bond scheme getting final touches
Mumbai: The gold bond scheme is getting the final touches. Finance minister Yashwant Sinha said issues like taxation had to be taken care of before announcing the scheme. He said forward trading in gold bonds was an issue which would be decided by the Reserve Bank of India.
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Infosys continues upward movement
Mumbai: Infosys Technologies' American depository receipts continued to maintain their upward trend, reaching a new high of $94.25 during mid-session trading on the Nasdaq on 15 July. The ADR closed at $87.

Two Infy ADRs make one share and converted into rupees, the price would be Rs 8,152, almost 63 per cent higher than the price of the company's share on Indian stock exchanges.

On the Bombay Stock Exchange, the scrip reached a new high of Rs 4,995, but closed at a lower Rs 4,921.
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CSE turnover at all-time high
Calcutta: The Calcutta Stock Exchange's turnover reached Rs 1,486.7 crore on 15 July, the highest-ever for the bourse. The carryforward volume touched Rs 213 crore.

The exchange witnessed about 60,137 trades on 256 scrips,   taking the total volume of shares traded to 1,12,39,987.
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Sebi suspends demat expansion
Mumbai: The Securities and Exchange Board of India has suspended further expansion of the  mandatory demat trading list.

This follows the failure of share registrars to handle the simultaneous rush of requests for share transfer at book closure and demat.

The last list of compulsory demat scrips came into effect on 31 May, when 40 shares were added to the earlier list of 64 scrips. The market has been expecting the list to grow.

There are more than 20,000 requests flowing into the National Securities Depository every day, against 1,000 to 2,000 some six months ago.
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