Markets
shed some points on value paring
Mumbai: The BSE Sensex shed 45.92 points to settle
at 4795.46 points. The S&P CNX Nifty also lost ground,
declining by 12.7 points to close at 1505.60 points.
Market Gainers
Colgate Palmolive, MTNL, Shipping Corporation of India,
Punjab National Bank, Indian Hotels, Gail, Dabur, HCL
Technologies, Reliance, HDFC, IDBI, Jindal Vijayanagar
Steel, Ingersoll Rand, Pfizer, Siemens, Thermax, Ingersoll
Rand, Larsen and Toubro, Siemens, Mahanagar Telephone
Nigam
Market Losers
Reliance, Infosys Technologies, ICICI Bank, Hindustan
Lever, ONGC, HDFC, Corporation Bank, Polaris Software,
Indian Overseas Bank, Canara Bank, Vijaya Bank, Polaris
Software, HCL Technologies, Wipro, Infosys Technologies,
Satyam
Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
Others
Opto Circuits up by Rs 4.7 at Rs 52.25
Pfizer up by Rs 19.65 at Rs 450.95
Himachal Futuristic (HFCL) up 9.66 per cent at Rs 8.40
Siemens up three per cent at Rs 881,
Colgate up 7.78 per cent at Rs 126.80
IDBI up 11.45 per cent at Rs 41.85
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Straight
Through Processing system gets into motion
Mumbai: Institutional transactions in securities
are expected to be quicker and cost-effective from Thursday
as the Straight Through Processing (STP) system goes into
action. STP has become mandatory for all institutional
transactions in the equity market from July 1, 2004. The
STP is a process-driven mechanism to control all elements
of the workflow in a financial transaction that allows
electronic capturing and processing of transactions in
one pass from the point of origin to settlement.
STP
was launched in India in November 2002 and is currently
being used by market participants on a voluntary basis.
Several STP providers have been providing service to market
participants but there was no interoperability between
them. The NSE has now set up the ST Central Hub to provide
interoperability and ST providers connect to this hub
for the purpose of sending and receiving messages between
them.
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Hyderabad
Stock Exchange trading to resume
Hyderabad: The trading activities at the Hyderabad
Stock Exchange (HSE) would resume from Thursday with the
exchange rectifying the technical snags in the server
on Wednesday. The exchange officials had earlier informed
that the trading operations got disrupted from June 16
onwards owing to technical problems.
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