Brokers plan to float national forum
Ahmedabad: Brokers from all over the country are to come together with a common platform, under the banner, Federation of Indian Stock Brokers (FISB), which would serve as an apex body at the national level. The BSE Brokers’ Forum is taking the initiative to call a meeting of all the regional stock exchanges in Mumbai.

The proposed federation would be an independent body of brokers’ representatives from all the stock exchanges in the country and would address the grievances of brokers from all the stock exchanges.
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Markets close with a crash
Mumbai: The sensex on Friday closed with a crash, after ruling up for most of the day, thanks largely to profit booking by operators in tech and select old economy stocks. It closed at 3453.99, coming down from an intra-day high of 3513.79.
Institutional hammering of sensex heavyweights like Reliance, Infosys and Reliance Petro caused the steep fall of the sensex. Infosys lost 6.03 per cent, Reliance shed 2.33 per cent, while Reliance Petro managed to close in the green but lost from higher levels.
Tech biggies like NIIT and Satyam also dipped sharply, despite being top gainers during the mid session trades, Satyam shedding 2.08 per cent. Most of the second rung tech stocks also closed in the red.
Old economy heavyweights that lost include Telco, BHEL, HPCL, Tisco and Bajaj Auto, while Cipla, BSES, SBI and M&M closed with some gains.
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