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Sensex
positive: Up 54 points
The Sensex surged by 54 points to close the day
at 5935.19 up from 5880.35 points. The Nifty gained
by Rs 17.60 up from 1867.7 points and closed at 1885.30.
The BSE PSU index gained nearly 4.5 per cent or
175 points to close at 4,082. The BSETECk index
fell 1.38 per cent or nearly 17 points to close at 1,210.45.
The CNX IT of the NSE shed about 2.2 per
cent of its value.
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Counters
ICICI Bank appreciated 4.64 per cent to close at
Rs 305.75
SBI closed higher by 1.95 per cent at Rs 628.45.
HPCL appreciated by 6.32 per cent
ONGC up by 6.06 per cent.
Berger Paints gained Rs 19.5 to close at Rs 193.55
Gammon India appreciated by Rs 17.2 to close at
Rs 449
Infosys and HCL Tech have lost nearly 2.5
per cent each.
Wipro lost three per cent.
Satyam loses 1.8 per cent.
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Federal Bank: Loans for public issue
applications
Kochi: Federal Bank has introduced the 'Federal
Equity Subscription Scheme', a new retail product, for
financing the public issue applications of its customers.
Up to 50 per cent of the application money will be granted
as loan, subject to a maximum amount of Rs 10 lakh. The
period of the loan will be for 60 days, with no security,
and will carry a interest charge of 13 per cent. The loan
will be available through 20 branches in Kerala and from
another 29 branches outside the State.
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UTI Thematic Fund launched
Mumbai: UTI Mutual Fund has announced the launch
of UTI Thematic Fund to capitalise on diverse investment
opportunities across various sectors. The scheme would
comprise of six funds. This includes large cap fund, mid-cap
fund, basic industries fund, auto sector fund, banking
sector fund and PSU fund.
The face value of units is Rs 10 and the minimum investment
would be Rs 1,000, the release said. The fund would be
an open-ended growth-oriented equity scheme. The scheme
is open to resident individuals, institutions as well
as NRIs and FIIs. The initial public offer of the UTI
Thematic Fund will be open from March 9 to 25.
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