Sensex to open higher on monsoon revival
Mumbai: The Sensex is likely to open steady on Thursday, led by gains in select economy-sensitive stocks following sustained rains in several parts of northern and western India over the past few days, ending a prolonged dry spell. 
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Dow soars to second triple-digit win
Mumbai: A burst of buying swept across the stockmarket on Wednesday, giving the Dow Jones industrials their second straight triple-digit gain for the first time in nearly three months.
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Package for UTI revamp finalised
New Delhi: The Finance Ministry has finalised a package for the restructuring of the Unit Trust of India (UTI), including a firm commitment to the new sponsors to fulfil any obligations arising out of the assured return schemes of the mutual fund.
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Tata MF new bond fund
Mumbai: Tata Mutual Fund yesterday announced the launch of a new scheme Tata Short-Term Bond Fund. "The product is positioned between a liquid fund and an income fund in terms of its risk-return profile. T
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CanLiquid dividend
Bangalore: Canbank Mutual Fund has announced the twenty-ninth weekly dividend in its CanLiquid scheme. 
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Narrow movement
Wednesday's trading activity witnessed narrow movement. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradable counters remains bullish.
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Ray-Ban falls sharply over Luxottica appeal decision
Mumbai: The share price of sunglasses manufacturer, Ray-Ban Sun Optics, fell sharply today on reports that the company's Italian parent, Luxottica, is planning decision to appeal against the Securities and Exchange Board of India's decision. 
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Offshore fund drives up Bajaj Auto
Rains in the last few days have revived interest in select old-economy stocks. Among them is Bajaj Auto. On Wednesday, the stock of the two-wheeler major gained 2.68 per cent to close at Rs 452.70 on the BSE with volumes of 1.31 lakh shares. 
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Margin financing through SEs SEBI shoots down BSE proposal
Mumbai: The Securities and Exchange Board of India (SEBI) has turned down a detailed Bombay Stock Exchange (BSE) proposal for allowing margin financing/trading through stock exchanges and their clearing corporations. 
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SEBI norms to be reviewed: Bajpai
Mumbai: The Securities and Exchange Board of India (SEBI) Chairman, Mr G.N. Bajpai, has promised to review within the next 12 months the entire set of SEBI regulations currently governing the capital markets of the country. 
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Finance Ministry not for BPCL IPO before sell-off
New Delhi: The Finance Ministry has opposed the Petroleum Ministry's move to launch an initial public offering (IPO) of Bharat Petroleum Corporation Ltd (BPCL) aggregating Rs 1,000 crore, prior to the planned disinvestment in the company. 
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Re up 5 paise; gilts bullish
Mumbai: THE rupee closed stronger on Wednesday by around five paise at 48.66/6650 per dollar as against Tuesday's close of 48.71. 
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