Sensex up for a breather
The BSE Sensex gained 1.27 per cent to close at 5,590.60. The broad based index Nifty went up 1.24 per cent to close at 1,771.90.
BSE Gainers
Reliance, HLL, SBI, CMC, Digital GlobalSoft, HCL Infosys, Ramco Systems, i-flex Solutions, VisualSoft Technologies, Syndicate Bank, SBI, Canara Bank, J&K Bank, Kotak Mahindra Bank, Kesoram Industries, Eicher Motors, Sintex, Videocon Industries, NRB Bearings, Kalyani Brakes, Esab India
BSE Losers
Infosys, ICICI Bank,ITC, Punjab National Bank, Indian Overseas Bank, Global Trust Bank, India Cements, Madras Cements, Mysore Cements, Birla Global finance, Rane Engine Valves, Pritish Nandy Communications, IVRCL Infrastructure, Thomas cook (India), HCL Technologies
BSE Counters
ICICI Bank declined by Rs 1.40 to Rs 295.90
Punjab National Bank declined by about 5 per cent to Rs 333.30
UTI Bank ended the day higher at Rs 146.75, up by Rs 4.8
Federal Bank hit a new 52-week high of Rs 377.50
J&K Bank gained Rs 20.65 to Rs 495.10
IDBI declined by more than a per cent to Rs 58
Colgate Palmolive gained 3.22 per cent to Rs 131.50
Kesoram Industries gained 17.18 per cent to close at Rs 60
ONGC closed the day with marginal gains at Rs 840.45
Bharti Tele-Ventures closed at around Rs 154.65, up 1.18 per cent
Rajasthan Bank closed at Rs 37.35, up 0.4 per cent.
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SEBI to probe ONGC share allotment issue: Shourie
New Delhi: The market regulator SEBI will probe into the issue of over-allotment of ONGC shares to retail investors to find out if there was any ``culpable mistake'' and to determine as to who should bear the consequent losses, according to the Union Disinvestment Minister, Arun Shourie.The Minister said that 52 high net worth individuals were over-allotted three lakh ONGC shares following the public offer. As many as 12 of these investors had volunteered to surrender the excess allotment and it was for SEBI to probe and decide on over allotment of one lakh shares to the remaining 40 retail investors.The entire public offer process for sale of 10 per cent equity in ONGC was completed as the proceeds of Rs 10,542 crore was deposited in the Government account earlier in the day.
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SEBI extends deadline for unique ID number
Mumbai: The Securities and Exchanges Board of India has extended the deadline for market participants to obtain the unique identification number till June 30. The extension has also been granted to market participants and investors who want to avail themselves of the margin trading and securities lending and borrowing facilities.
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Reliance MF launches power sector fund
Mumbai: Reliance Mutual Fund is launching a power sector specific fund - the Reliance Diversified Power Sector Fund.
This open-ended fund would invest in equity or fixed income securities of power and other associated companies, stated a company press release. This would include companies in the various segments of the sector such as power generation, transmission, distribution, trading and even financing power projects.The initial public offer of the fund would remain open from March 29 to April 15. The units are priced at Rs 10 each and the minimum application amount is Rs 10,000, stated the release.
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