SEBI interim order on brokers fully justified, rules high court
The Mumbai high court has, in its interim judgment in the case relating to alleged price-rigging by brokers in Sterlite, Videocon and BPL scrips, upheld the right of Sebi to issue interim directions under section 11 (B) of the Sebi Act pending an inquiry.

Reserve Bank nod for investment in BSE-sponsored depository
The Reserve Bank of India has granted the much awaited clearance to three banks to invest in the Central Depository Services (India) being promoted by the Bombay Stock Exchange (BSE). The three banks, which have received the go-ahead from RBI, are Bank of Baroda, Bank of India and HDFC Bank.

Caution is the buzzword, Sensex range-bound
Political uncertainties loomed large on the stock markets. Reflecting the `wait & watch' attitude of investors, the Sensex continued to remain range bound to finally close at 2,804.03 points, registering a net loss of 6.63 points.

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