Sensex down 97 points
Mumbai: Based on heavy sell-off by leading operators influenced by negative impact of the impending price hike in petroleum products, the sensex came down by about 97 points. The sensex would have suffered a greater loss, had it not been for some "new economy" shares which saw rise in their prices.

At the final point, the BSE sensitive index closed at 4,067.38 as against yesterday’s close of 4,164.10, a loss of 96.72 points.

According to dealers, wary operators decided to play safe by offloading part of their holdings on the penultimate of current settlement and ahead of petro price hike. Long weekend holidays also prevented them to make any fresh commitments.
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Nagpur bench may give UTI a reprieve
Nagpur: Dismissing a writ petition filed by four minor girls, the Nagpur bench of the Mumbai High Court today upheld the abrupt termination of Rajlakshmi scheme of the Unit Trust of India. The division bench today also rejected the allegations of malafide intentions of UTI that termination of the Rajlakshmi scheme meant for female child was prejudiced.

Earlier, the Mumbai High Court had stayed the termination of the scheme, in response to a public interest petition filed with it.
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