Sensex starts a new week: Down 70
The Sensex went down another 70 points (1.24 per cent) to close at 5584.99, while the Nifty fell by 29 points from 1796.10 to close at 1766.70.
Market Gainers
Reliance, Infosys, ITC, HLL, ZEE Telefilms, Wipro, Cadila Healthcare, Cipla, Lupin, Aventis Pharma, Nicholas Piramal, Bajaj Hindustan, Upper Ganges Sugar, Simbhaoli Sugar
Market Losers
ONGC, SBI, GE Shipping, Mercator Lines, Essar Shipping, Balrampur Chini
Market Counters
Tata Steel declined by Rs 15 to close at Rs 342.50
Hindalco down Rs 48 to close at Rs 1,066
Cipla gained Rs 30 to close at Rs 1,398.35
Maruti Udyog fell Rs 9.25 to close at Rs 534.85
TVS Motors down Rs 1.95 to close at Rs 84.95
Ashok Leyland down Rs 9.45 to close at Rs 256.75
Century Textiles down Rs 2.15 to close at Rs 123.20
I-Flex Solutions down Rs 30 to close at Rs 499.60
Polaris Software down 9.45 per cent at Rs 160.55
Birla Corp gained 4.53 per cent at Rs 100.45
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Dresdner K Benson registration suspended for 18 months
Mumbai: Dresdner Kleinwort Benson Securities (India) Ltd. (DKB) has been found guilty of fictitious dealing, market manipulation and rigging by the Securities and Exchanges Board of India (SEBI), and as per its order DKB's certificate of registration had been suspended for a period of 18 months. The board has been investigating DKB with regard to trades effected on behalf of Ketan Parikh Associates. Subsequently, the company had surrendered its certificate of registration to SEBI.
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Birla Mutual to widen Portfolio Advisory Service
Kolkata: Through its Portfolio Advisory Service (PAS), the Birla Mutual Fund has decided to introduce three separate plans - Value, Growth and Value-plus-Growth- for which it has sought regulatory approval. Birla MF has recently launched a special plan for extra large investors in its liquid scheme, Birla Cash Plus. The 'institutional premium plan', requires a minimum initial commitment of Rs 20 crores.
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