Markets hold breath on first day of polls
Mumbai: Then BSE Sensex closed the day at 5804.81, up 4.27 points with the S&P CNX Nifty closing at 1844.25, up by a marginal 0.20.
Market Gainers
ICICI Bank, Wipro, Satyam, Infosys, HCL Technologies, Essar Steel, Jindal Vijayanagar Steel, Tata Steel, SAIL, Bhushan Steel, MUSCO, Mukand, Kalyani Steel, Uttam Galva, Southern Iron & Steel, Monnet Ispat, TV Today, Television Eighteen, Zee Telefilms, Kochi Refineries, Chennai Petroleum, Bongaigaon Refineries, Monnet Ispat, Mercator Lines, Greaves Cotton, Cosmo Films, Glenmark Pharma, Madras Cements, Bata India, Thermax, Alfa Laval, Praj Industries, Polyplex Corporation, Madras Cements, Britannia, Rayban, Tata Tea, Tata Chemicals, Gujarat Narmada Valley.
Market Losers
Kalyani Forge, Jindal Stainless, Paper Products, Flex Industries, Indian Overseas Bank, Union Bank of India, Bank of India, Canara Bank, Coromandel Fertilisers, Godavari Fertilisers, Nagarjuna Fertilisers, Indo Gulf Fertilisers, Hind Lever Chemicals, Reliance Energy, Tata Power, Bajaj Auto, Bharti Televentures, ACC, Greaves Cotton.
Market Counters
Cosmo Films rose 2.4 per cent
Greaves Cotton rose by 10 per cent
Glenmark gained 1.5 per cent
Bata India gained 1.2 per cent
Corporation Bank gained 3 per cent
Tata Steel up 1.8 per cent
SAIL up 2.6 per cent
Jindal Steel up 1.43 per cent
Mahindra Ugine Steel up 10 per cent
Ispat Industries up 6 per cent
Essar Steel up 12.2 per cent
OBC down by 1.85 per cent at Rs 330.70
Zee Telefilms gained 5.60 per cent to Rs 146.10
Corporation Bank up 4.47 per cent at Rs 347.40
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SEBI provides 'shelf prospectus' facility for Banks and FIs
Hyderabad: The Securities and Exchange Board of India (SEBI) has decided to introduce the facility of 'shelf prospectus', valid for a period of 365 days, which would enable the public sector banks, scheduled commercial banks and public financial institutions to issue securities at their convenience.

As per the amended Disclosure and Investor Protection Guidelines - 2000, banks and financial institutions can now file a draft shelf prospectus with the regulator in the first instance, disclosing the aggregate amount the issuer intends to raise through various tranches.

However, there would be no change in the existing requirements with regard to the procedure for filing and documents to be submitted. The regulator would then issue its observations on the draft shelf prospectus, which would be valid for 365 days.
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CalPERS makes its entry
Mumbai: The California Public Employees' Retirement System (CalPERS), one of the biggest pension funds in the US with assets of $166 billion, has decided to invest in the Indian equity market. The CalPERS Board of Administration made this announcement at the start of the week.

Other emerging markets where CalPERS has decided to invest include the Philippines and Peru. India and Peru moved to new global standards for trade settlement to settle trades one day after the trade date (that is T+2 settlement), it added.

Markets within the country have responded by saying that CalPERS being a provident fund, the character of the money will be long term and stable.
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Reliance Power Sector Fund mops up Rs 415 crore
Mumbai: Reliance Mutual Fund has collected over Rs 415 crore from the initial public offer of the Reliance Diversified Power Sector Fund, according to a company press release. The offer closed on April 15
.
The corpus was created from the participation of 65,000 applicants across 76 centres, stated the release.
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