Sensex: Chidambaram gets his vote of confidence
Mumbai: The BSE Sensex gained 161 points - appreciating 3.26 per cent - to close at 5,123. The rally on the bourse was broad-based. The Nifty closed at 1608, up 3.12 per cent from Friday's close.
Market Gainers
IDBI, Essar Oil, Hinduja TMT, NIIT, GTL, Reliance Energy, HCL Tech, VSNL, Infosys, Satyam, Geometric Software, i-flex, Polaris, Hughes, Maruti, Tata Motors, Bharat Forge, MICO, Tata Power, Reliance Energy, BHEL, Bharat Electronics, ABB, Tata Honeywell, Crompton Greaves, Greaves Cotton, KEC International, HMT, Kirloskar Brothers (10 per cent), KSB Pumps (6 per cent), Shanti Gears, ICI India, GNFC, Pidilite Industries, Elgitread, Pricol, Max India, Bongaigoan Refinery, Chennai Petroleum
Market Losers
MTNL, ICICI Bank, Bank of India, Vijaya Bank, Bank of Baroda, Corporation Bank, Apollo Tyres
Market Counters
BSE 30
Figures in Rupees
Gain (+) Loss (-)
| ACC | 261.85 | +7.25 | | Bajaj Auto | 875.30 | +10.95 | | Bharti Televentures | 154.05 | +5.75 | | BHEL | 465.20 | +12.10 | | Cipla | 255.05 | +9.30 | | Dr Reddy | 871.15 | +0.50 | | GACL | 305.70 | +7.90 | | Grasim | 1,102.45 | +31.65 | | HDFC | 583.05 | +3.55 | | HDFC Bank | 369.95 | +8.30 | | Hero Honda | 474.50 | +18.80 | | Hindalco | 974.15 | +53.25 | | HLL | 138.25 | +0.25 | | HPCL | 334.15 | +1.55 | | ICICI Bank | 267.10 | -0.15 | | Infosys | 5,319.20 | +415.05 | | ITC | 918.45 | +18.80 | | L&T | 444.55 | 0.00 | | MTNL | 124.95 | -1.40 | | ONGC | 708.55 | +2.00 | | Ranbaxy | 1,017.85 | +21.20 | | Reliance | 453.60 | +14.20 | | Satyam | 328.30 | +25.20 | | SBI | 540.00 | +24.50 | | Tata Motors | 444.50 | +24.35 | | Tata Power | 308.90 | +16.05 | | TISCO | 333.45 | +4.75 | | Wipro | 1,609.40 | +99.95 | | Zee Tele | 125.55 | +7.20 | Others
HMT up 8 per cent to Rs 20
IDBI up 19.98 per cent to close at Rs 48.35
Jain Irrigation up 8.90 per cent at Rs 70.35
Asian Hotels up 4.28 per cent at Rs 185
Oriental Hotels up 4.17 per cent at Rs 125
Hotel Leelaventure up 5.25 per cent at Rs 50.10
Taj GVK Hotel up 7.93 per cent at Rs 124.60
PNB down 2.27 per cent at Rs 267.30
Bank of Baroda down 2.18 per cent at Rs 190.65
Bank of India down 3.77 per cent
Corporation Bank down 3.99 per cent at Rs 268
Jammu & Kashmir Bank down 3.98 per cent at Rs 354
HCL Technologies up 10.73 per cent at Rs 341.05
I-Flex Solutions up 9.11 per cent at Rs 526.85
Back to News Review index page SEBI's strategy for hedge funds
Mumbai: The Securities and Exchange Board of India (SEBI) would like to introduce specific provisions to regulate hedge funds.
The SEBI report, awaiting public comments, says that at least 20 per cent of the fund corpus should be contributed by investors such as pension funds, university funds, charitable trusts or societies, endowments, banks and insurance companies.
The presence of institutional investors in the fund is expected to ensure better governance by fund managers and fund administrators. Institutional investors are also expected to help fund managers take a long-term perspective on the market they invest in. The report also recommends that the fund manager or investment advisor must have experience of at least three years in managing funds. This experience should include working with strategies as that of the applicant fund.
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