Sensex well above 4,500-levels
Mumbai: The Sensex is still well above the 4,500-levels on gains led by buying in heavyweights, tech, auto, pharma and select public sector units. Though select PSUs, notably HPCL, has lost ground after a firm opening, the index is still firm, and is now up 57 points at 4,512.

The Nifty is up 17 points at 1,438. HLL, on further buying support, has clocked nearly 3-per cent gains (Rs 5) to Rs 189. While Reliance is up nearly 2 per cent (Rs 7) at Rs 441, ITC has edged higher with a per cent gain (Rs 7) at Rs 818.
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Multilateral agencies can raise debt capital in local markets
Mumbai: The Securities and Exchange Board of India (SEBI) has allowed multilateral financial institutions to raise debt capital from the domestic market. It has also permitted trading in these debt instruments, which will be listed and traded on the debt segment of stock exchanges (SEs). Also, the regulator is contemplating allowing companies based in the SAARC region to follow the path of multilateral agencies in raising capital from the Indian markets.

SEBI chairman GN Bajpai said: "As part of our efforts to continuously innovate and provide better environment to market participants, we have been permitted by the ministry of finance (FinMin) to allow Asian Development Bank and International Finance Corporation, Washington, multilateral financial institutions, to raise debt capital in the Indian markets. The rupee-denominated debt instruments will be listed and traded on the wholesale debt market segment of the SEs. The amount raised in the Indian markets will be allowed to be disbursed only in the local market and for local projects."
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Spot rupee zooms past 45.50 per dollar
Mumbai: The spot rupee zoomed past the 45.50 per dollar level, and was traded at 45.4675 per dollar in late morning deals on strong inflows.

The rupee touched a high of 45.44 per dollar before buying by PSU banks reined in the rally, dealers said. Forwards inched up marginally today. The six-month premiums were up 4 bps at 1.06 per cent.
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