Sensex dips in light of uncertainty arising from Sebi meet
Mumbai: The looming uncertainty on the fate of the badla/carry forward system, which is to be decided in the ensuing Sebi meeting, saw trading volumes dry up and the benchmark index, sensex, dipping.

While some of the new economy stocks like Zee Telefilms and NIIT performed well at the end of the last session of the current settlement at the Bombay Stock Exchange (BSE) on Friday. Otherwise the market remained subdued. The combined turnover at both the BSE and the NSE remained low at Rs 2,798 crore.

The BSE Sensex closed at 3,559.77, while S&P CNX Nifty of the NSE was down by 4.45 points at 1140.95 points.

Zee Tele and NIIT, the index-based new economy shares were the star performers, attracting good support from FIIs, which helped to limit the Sensex fall. Software bellwether Infosys Technologies also received some buying support from FIIs at the fag end and closed with gains.  
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Bajaj Auto plans splitting sales channels
New Delhi: In a dramatic shift from the past, it is understood that leading two-wheeler company, Bajaj Auto, is planning to split its sales channel for two and three-wheelers.

This move will see the company selling its two- and three-wheeler products through separate networks as compared to the current practice of selling them through the same network.

According to the company’s executive director, RL Ravichandran, the company has initiated dialogue with its dealers to have separate outlets and manpower for two-wheelers and three-wheelers.

It is understood that the new models being introduced in the two-wheeler segment is one reason for the move, since the three-wheeler vehicles are very bulky and occupy prime space. Further, the ambience in the sales showroom needs to be different for the sales of the two products. The company is also planning to improve its penetration in terms of servicing.
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