Sensex marking time
The BSE Sensex ended the day with a gain of 10.6 at 5535.69 points; the S&P CNX Nifty closed the day with marginal gains at 1749.85 points.
HLL declined by about 4 per cent to close at Rs 144.
P&G gained marginally to close at Rs 412.
IndusInd Bank rose by Rs 2.10 (6.10 per cent) to Rs 37.05.
Federal Bank gained about 12.8 per cent (Rs 35.05) to Rs 309.80.
Burroughs Wellcome fell by about Rs 60 or 6.98 per cent to Rs 790.15. GlaxoSmithKline declined by Rs 61.05 (9.69 per cent) to Rs 569.
Hinduja TMT rose by 3.9 per cent to Rs 211.95
Berger Paints gained 3.59 per cent to Rs 206.45
Karnataka Bank was up six per cent
Back to News Review index page  

SEBI Chief: STP to become mandatory by July
Mumbai: Inaugurating the STP Conference - 2004, G.N. Bajpai, Chairman, Securities and Exchanges Board of India stated that Straight Through Processing (STP) would be made mandatory by July and India would be the first country in the world to use this facility. The STP Conference - 2004 was organised by Financial Technologies, a company that provides transaction automation technologies in equities, derivatives, forex, treasury and commodity markets.

He said that the Indian securities market had undergone a metamorphosis during the last three years. According to Bajpai, operational risks had been minimised and safety measures had been put in place to ensure that brokers do not take positions beyond the risk management controls that have been put in place, he added.
Back to News Review index page