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Sensex
up 31 points
Mumbai: The Sensex closed the day at 5,428.77 points,
31.31 points higher than Monday's close. The S&P CNX
Nifty closed 10.35 points higher at 1,685.55 points.
Market Gainers
Bharti Tele-Ventures, Hero Honda, Grasim, Godavari Fertilisers,
UTI Bank, HMT, Moschip Semiconductor, Ind-Swift Laboratories,
Uniphos Enterprises, Bharti Tele-Ventures, Aztec Software,
KEC International, Infosys, Wipro, Satyam
Market Losers
Maruti Udyog, Hindustan Lever, ITC, JMC Projects, Kalyani
Forge, Elder Pharma, LIC Housing Finance, TVS Sri Chakra,
Nahar Spinning, Mahindra Ugine
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
273.50 |
+1.70 |
| Bajaj
Auto |
916.10 |
-2.00 |
| Bharti
Televentures |
146.15 |
+6.50 |
| BHEL |
578.45 |
+9.05 |
| Cipla |
270.85 |
+6.15 |
| Dr.
Reddys Laboratories |
750.00 |
-6.85 |
| Grasim
Industries |
1,193.85 |
+35.20 |
| Gujarat
Ambuja |
339.20 |
+2.25 |
| HDFC |
637.05 |
+13.80 |
| HDFC
Bank |
391.10 |
+3.40 |
| Hero
Honda Motors |
462.90 |
+16.75 |
| Hindalco
Industries Limited |
1,195.65 |
+13.15 |
| Hindustan
Petroleum Corp |
328.65 |
+6.85 |
| HLL |
119.95 |
-1.80 |
| ICICI
Bank |
267.50 |
+2.65 |
| Infosys
Technologies |
1,697.55 |
+22.35 |
| ITC |
1,086.05 |
-14.90 |
| Maruti
Udyog |
354.65 |
-24.00 |
| MTNL |
120.15 |
+0.15 |
| ONGC |
710.00 |
+8.95 |
| Ranbaxy
Labs |
1,093.05 |
+23.20 |
| Reliance
Energy |
628.90 |
-4.20 |
| Reliance
Industries |
486.00 |
-4.85 |
| Satyam
Computer Services |
389.50 |
+11.15 |
| State
Bank Of India |
456.25 |
-0.10 |
| Tata
Motors |
390.45 |
-3.30 |
| Tata
Power |
287.65 |
-3.10 |
| TISCO |
263.85 |
+4.20 |
| Wipro |
600.90 |
+11.70 |
| Zee
Telefilms |
147.15 |
+3.60 |
Others
Godavari Fertilisers up Rs.10.25 at Rs.82.45
HMT up Rs.2.4 at Rs.21
Ind-Swift Laboratories up Rs.6 at Rs.66.95
Uniphos Enterprises up Rs.1.31 at Rs.23.09
Aztec Software up Rs.1.85 at Rs.44.25
Kalyani Forge lost ground by Rs.15.5 to close at
Rs.294.40.
Tata Steel ended at Rs 263.85, down 1.47 per cent,
Jindal Iron & Steel ended lower by 3.40 per
cent at Rs 275.40
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UTI
ties up with post offices for MF schemes
New Delhi: The Department of Posts (DoP) and UTI
Mutual Fund have announced a strategic tie-up for distribution
of the latter's mutual fund schemes through select post
offices.
Initially, UTI MF will be focusing on retailing five schemes
through 50 post offices across the country, which is expected
to cross 1,000 in the next few years.
The schemes on offer are the UTI Children's Career Plan
(which provides for higher education through scholarships),
UTI Variable Investment Scheme, UTI Mahila Unit Scheme
aimed at providing an investment vehicle for women, UTI
Mastershare Unit Scheme, and UTI Linked Insurance Plan,
the fund's largest scheme.
UTI MF has conducted a five-day training programme for
postal employees to help them achieve the status of 'certified
advisors' for distribution of mutual fund products.
The DoP already distributes mutual funds for Prudential
ICICI, SBI Mutual Fund and Principal Mutual Fund.
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SEBI
reiterates norms on insider trading for AMCs
Kolkata: In response to a query raised by HDFC
Mutual Fund, SEBI has reiterated the provisions of Regulation
13(3) of SEBI Insider Trading Amendment Regulations, 2002,
which state that any person who holds more than five per
cent shares or voting rights in any listed company will
have to disclose to the company the number of shares or
voting rights held.
To be also disclosed are changes in shareholding or voting
rights, even if such changes result in shareholding falling
below five per cent.
There is no indication to the effect that an individual
scheme is a separate legal personality. All provisions
in the regulations referring to individual schemes are
in the nature of obligations of the AMC in respect of
each scheme. Therefore, the threshold limit (for informing
the companies) is to be complied with when the sum total
of all scheme holdings in a particular company exceeds
the limit.
The guidance pertains to HDFC MF's move regarding the
interpretation of SEBI's insider trading rules. Holdings
of some of the 19 schemes managed by the fund in listed
companies are beyond the threshold limit of five per cent,
it was pointed out. It was stated that on a given day
(in the course of trading by some of these schemes), there
may be in changes in their shareholding.
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