Market serves itself a buffet meal
Mumbai: While the BSE Sensex closed the day 64.5 points up at 4708.6 points, the Nifty climbed 24 points to close at 1470.7 points.

Market Gainers
ONGC, Reliance Industries, SBI, HDFC Bank, PNB, Wipro, Titan Industries, Merck, Lupin

Market Losers
ICICI Bank, IOC, BPCL, HPCL

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

Others
PNB up Rs 10.5 at Rs 260.10
VSNL up Rs 8.1 at Rs 145.7
Titan Industries up Rs 5 close Rs 91.8
Merck up Rs 27.7 close Rs 411.8
Lupin up Rs 37 at Rs 645
LIC Housing Finance down Rs 4.8 at Rs 128
Thermax down Rs 12 at Rs 346
Jindal Steel down Rs 13 at Rs 410.9
Kalyani Steel up 6 per cent at Rs 35.75
Concor up by 2.68 per cent at Rs 548.85
Lupin Ltd up 5.09 per cent at Rs 639
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Birla Sun Life: Joining the portfolio management brigade
Mumbai: Birla Sun Life Asset Management Company has relaunched its portfolio management service. The fund would be available in four options: high dividend yield, moderately aggressive, aggressive and custom. The service, christened Privileged Account Service, currently has Rs 950 crore in assets under management, with over 150 investors.

The minimum investment requirement is Rs 50 lakh and for the custom option, it is Rs 2.5 crore. The AMC charges 1.25 per cent of the portfolio as a basic fee and will also charge 20 per cent of the portfolio's growth over 15 per cent. The back-end of the operation is outsourced to Deutsch Bank. The outsourced activities include custody, transaction settlement and individual client accounting.
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