Markets: Selling continues and Sensex takes another plunge
Mumbai: The markets have continued their weakness from last week on the back of sustained selling pressure. Profit booking in index heavyweights, banking, cement, auto, technology, oil PSUs and select pharma stocks contributed to the downsell. The Sensex closed at 6,106, down 76 points. In the broader markets, Nifty settled at 1,909.

Foreign institutional investors (FIIs) continued to be net sellers in the markets. This, added to a rise in crude oil prices and general weakness in the global markets, dragged the indices down. FIIs have sold equity worth Rs 255.2 crore in the last three trading sessions. Some large investors are also reported to have taken a bearish view of the markets recently.

International Markets
Gain (+) / Loss (-)

	Current	Change
DJIA- Dow Jones Industrial Average	10,368.61	-24.38
Nasdaq Composite	2,008.70	-25.57
FTSE	4,812.50	+9.20
Nikkei	11,245.02	-44.47
CAC	3,848.71	-5.48
HangSeng	13,410.99	+ 24.00
DAX	4,201.89	-11.81

Market Counters
Figures in Rupees

BSE 30

Scrip Name	Open	High	Low	Last Price
MARUTI UDYOG	397.00	412.00	396.00	410.50
HINDUSTAN LEVER LTD.	142.00	149.00	141.90	147.80
SATYAM COMP	360.00	375.85	358.25	373.60
TATA IRON AND STEEL CO. LTD.	354.00	362.40	352.15	360.40
CIPLA LTD.	272.80	277.00	271.25	275.30
DR.REDDY'S LABORATORIES LTD.	721.00	735.00	720.00	727.50
ASSOCIATED CEMENT COMPANIES LT	345.00	347.00	343.00	344.70
HEROHONDA M	534.00	534.00	511.10	513.85
WIPRO LTD.	675.90	679.80	641.50	647.30
HDFC BANK LT	507.85	513.00	485.25	489.65
TATA POWER	358.00	358.00	345.00	346.30
LARSEN & TOUBRO LTD.	960.00	961.00	913.60	920.05
INFOSYS TECHNOLOGIES LTD.-ORDI	1,960.00	1,965.00	1,891.10	1,903.60
HINDUSTAN PETROLEUM CORP. LTD.	345.00	345.00	325.05	327.65
ICICI BANK L	348.75	350.00	336.25	337.50
HOUSING DEVELOPMENT FINANCE CO	755.00	757.85	719.00	744.75
I T C LTD	1,380.00	1,390.00	1,336.75	1,344.80
GUJARAT AMBUJA CEMENTS LTD.	435.00	435.00	408.55	413.80
TATA MOTORS	472.00	474.00	460.25	463.05
GRASIM INDUSTRIES LTD.	1,285.00	1,285.00	1,256.00	1,258.05
ZEE TELEF LT	151.15	151.50	147.25	147.85
RELIANCE ENR*	455.55	512.00	455.55	497.40
BHARTI TELE	202.00	206.95	196.00	198.30
HINDALCO IN	1,264.00	1,265.00	1,233.10	1,243.80
BHEL	700.00	700.00	675.00	680.85
STATE BANK OF INDIA	576.00	580.00	565.15	570.90
RELIANCE*	518.00	521.50	505.05	506.50
Bajaj Auto				1,022.55
ONGC				778.65
Ranbaxy Labs				978.60

S&P CNX Nifty

Symbol	Open	High	Low	Last Price
RELIANCE	513.50	521.35	505.60	506.70
SATYAMCOMP	359.00	376.25	357.25	373.90
INFOSYSTCH	1960.00	1964.90	1892.60	1905.50
TISCO	355.00	362.75	352.00	360.40
MARUTI	396.00	412.00	395.00	410.35
SBIN	577.00	577.00	564.60	571.20
ITC	1382.35	1386.00	1338.15	1346.75
SAIL	55.25	56.00	53.55	55.60
GUJAMBCEM	445.00	445.00	408.20	414.45
ACC	342.00	347.00	342.00	344.60
RANBAXY	983.50	989.85	970.00	980.35
TATAMOTORS	474.50	474.50	460.00	462.25
WIPRO	677.00	679.00	644.00	647.80
ONGC	784.00	789.00	775.00	779.25
PNB	356.90	365.95	350.00	363.25
BHARTI	200.50	206.80	196.25	198.50
M&M	481.00	493.00	477.50	481.60
HINDLEVER	141.20	148.70	141.20	147.55
HDFCBANK	513.90	513.90	486.00	491.35
HINDPETRO	338.00	338.00	326.25	328.00
LT	964.00	964.00	910.50	916.60
HDFC	760.00	763.80	715.00	745.25
HCLTECH	318.00	323.00	313.50	320.60
CIPLA	272.50	277.00	271.45	275.30
HINDALC0	1264.00	1266.00	1234.00	1242.30
MTNL	141.00	142.40	138.75	140.90
ORIENTBANK	310.00	315.00	303.00	306.50
NATIONALUM	167.00	170.85	165.10	167.00
BHEL	697.00	699.95	674.10	681.30
GRASIM	1275.00	1282.00	1255.00	1257.65
HEROHONDA	537.00	538.90	511.20	513.95
IPCL	172.00	173.85	168.00	169.05
ICICIBANK	350.00	351.00	336.10	338.55
DRREDDY	720.00	735.20	720.00	729.20
TATAPOWER	352.10	358.00	345.00	346.90
GAIL	206.00	210.50	206.00	208.55
BPCL	397.00	397.00	384.00	386.80
REL	504.90	510.00	492.10	498.65
DABUR	88.25	94.00	87.50	92.80
ZEETELE	151.20	153.00	147.05	147.85
SCI	142.20	144.20	140.55	142.80
BAJAJAUTO	1049.00	1049.00	1010.05	1015.60
TATACHEM	154.10	155.80	150.00	150.85
VSNL	211.50	211.50	205.25	207.95
SUNPHARMA	467.50	484.90	465.00	468.45
TATATEA	494.00	495.00	456.00	461.40
INDHOTEL	528.00	538.50	508.05	512.65
GLAXO	687.00	687.00	675.00	678.55
ABB	916.00	936.00	906.00	928.75
COLGATE	174.40	176.50	172.00	175.20

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UTI implements new commission payments system
Mumbai: UTI has said that it will process commission payment by the registrars once every month for applications accepted up to the end of the previous month.

A single cheque inclusive of all types of commission payments (up-front, trail, incentive etc) will be issued covering all schemes handled by the respective registrars. However, a commission amount of less than Rs100 will be carried forward to the next month; it would be paid in the third month if it still does not reach the Rs100-limit.

The streamlined system will be effective from February. UTI MF will also pay commissions through direct credit or ECS if these facilities are available. Incidentally, UTI Bank has recently decided that it will allow the MF's financial advisors to open zero balance savings accounts. Commissions may then be directly credited to such accounts.
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