SEBI steps see Sensex soar by 240 pts
There was a scramble for short-covering following the SEBI measures which propelled the Sensex up on Wednesday by a massive 240 points or 7.58%, the highest ever in terms of percentage increase. The Sensex closed at 3,400.95 points, a gain of 239.87 points, second only to the previous gain of 400 points made in 1992.

Pune SE provides demat sans connectivity with NSDL
The Pune Stock Exchange (PSE) has worked out an arrangement to facilitate the delivery of demat shares in the physical segment without having any connectivity with the National Securities Depository Ltd (NSDL). The move has proved to be a resounding success with the first settlement concluded on June 12 showing a 56% delivery of shares in demat form.

IFCI privately places bonds
Industrial Finance Corporation of India (IFCI) has privately placed Rs 500 crore bonds with a greenshoe option. Kotak Mahindra Capital is the arranger of the issue which offers four instruments. The issue, which opened on June 5, will close on June 26. The bonds will be listed on National Stock Exchange (NSE) shortly.

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