CMP blues: Markets sing an indifferent tune
The Sensex ended the day at 5058.55 points, with a drop of 23.5 points from its close on Wednesday while the Nifty ended at 1586.40 points, shedding 12.40 points.

Market Gainers
Wipro, Infosys, Dr Reddy's Labs, ITC, Matrix Labs, Sun Pharma, Bank of Rajasthan, Power Trading Corporation, Crest Communication, Finolex Industries, iGate Global, Pritish Nandy Communications

Market Losers
SBI, Reliance, ONGC, Tata Steel, Tata Motors, Hughes Software, Hindalco Industries, Aventis Pharma, Chennai Petroleum, Kotak Mahindra Bank, Oriental Bank of Commerce

Market Counters
BSE 30
Figures in Rupees
Gains (+) / Loss (-)

ACC	257.00	-1.70
Bajaj Auto	896.00	+15.80
Bharti Televentures	153.60	-1.40
BHEL	481.60	-1.95
Cipla	246.25	-7.85
Dr Reddy	905.00	+6.40
GACL	296.65	-9.65
Grasim	1,103.00	-1.30
HDFC	575.05	+0.50
HDFC Bank	373.65	+4.35
Hero Honda	488.25	+11.05
Hindalco	914.70	-24.35
HLL	140.35	+0.75
HPCL	323.30	-2.65
ICICI Bank	264.70	+2.00
Infosys	5,302.50	+14.40
ITC	916.15	+27.80
L&T	444.55	0.00
MTNL	120.55	-1.95
ONGC	696.15	-16.15
Ranbaxy	1,015.00	-0.10
Reliance	449.35	-9.75
Satyam	320.40	-1.25
SBI	530.90	-1.85
Tata Motors	411.45	-10.85
Tata Power	296.35	-7.85
TISCO	318.95	-9.70
Wipro	1,606.20	+18.75
Zee Tele	127.15	+0.20

Others
MTNL down Rs 1.95 at Rs 120.55
Bharat Gears up 20 per cent at Rs 25.80
Aptech up 20 per cent at Rs 44.25
Thermax up Rs 23.25 at Rs 405.15
IPCA Labs up Rs 22.80 at Rs 662.65
Shipping Corporation down Rs 5.85 at Rs 94.1
Himatsingka Seide up 7 per cent at Rs 335
Robinson Worldwide up 123 per cent at Rs 93.40
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SEBI notification on registration for sub-brokers
Mumbai: The Securities and Exchange Board of India has instructed stock exchanges that it is mandatory for them to recognise the sub-brokers while recommending their application for registration with the Board. Similarly, the applications for cancellation of sub-broker registration must be forwarded to SEBI only after the sub-broker seeking cancellation is de-recognised by the exchange, according to the SEBI notification.
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UTI ties up with State Street
Kolkata: UTI Mutual Fund and State Street Global Advisors have entered into an exclusive tie-up that will enable Indians to invest abroad. State Street is the world's largest institutional asset management outfit. The two signed an agreement in Kolkata on Thursday. State Street, which will charge a fee for its services, will serve as an advisor to UTI MF for international investments by its funds. The products that will be developed will have to follow the norms set by regulatory organisations in India. The first product is expected to be announced soon. State Street is currently responsible for $1.2 trillion in assets. UTI MF is the country's foremost asset management outfit, handling Rs 20,000 crore of funds.
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JM Basic to be refashioned as JM Oil & Energy
Kolkata: JM Mutual Fund has decided to rename JM Basic, its scheme dedicated to the petroleum sector, as the JM Oil & Energy Fund, and to launch it afresh with a more broad-based investment strategy. JM Basic will henceforth be able to invest in a wider range of companies that currently operate in the energy sector. The investment portfolio will include electric utilities and electrical equipment manufacturers as well.
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Centurion and Oriental Bank shares available for FIIs and NRIs
Mumbai: The Reserve Bank of India has notified that foreign institutional investors (FIIs) and non-resident Indians (NRIs) can purchase the shares of the Oriental Bank of Commerce (OBC) and Centurion Bank in the secondary market under the portfolio investment scheme subject to the existing ceilings and guidelines in this regard. The percentage of foreign holdings under the portfolio investment scheme in Oriental Bank of Commerce has gone below 18 per cent while that in Centurion Bank has gone below 72 per cent.
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