BSE takes a cue from Vanguard on indexing
Kolkata: The Bombay Stock Exchange has taken a cue from the Vanguard group on indexing. Its index cell has sought to familiarise index enthusiasts in India with the views recently placed by the group before the US House of Representatives, reports say. What has come particularly handy for the BSE are comments by John C Bogle, considered by many as the father of indexing.

The founder of Vanguard has made certain observations on 'Mutual fund industry practices and their effect on individual investors.' These practices relate to key issues such as costs, returns and availability of information. Higher costs lead to lower returns on investment — a truism that finds support from Bogle as well, who adds that it is 'immediately' relevant in the case of money market funds, 'promptly' in bond funds and 'over time' in equity funds, irrespective of style and risk.
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Sensex to remain positive
Mumbai: The BSE Sensex improved by 3.92 per cent last week, while the S&P CNX Nifty gained 4.9 per cent. Technical analysts say the Sensex took support from 4120-points level, which could be viewed as the floor if the current short-term upward trend has to continue. The next resistance seems to be around 4600 level and the immediate support level appears to be at around 4250 points on the benchmark index.

The long-term Sensex continues to remain positive. The volume and breadth indicators, however, suggested slight exhaustion at the end of the week. This week, the market may not be as volatile as it was last week. If there is no strong negative news, the likely scenario for this week is that the key indices may take a pause, but close in the green on sheer liquidity play.
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