Skindia Index drops 13% to 654 points on domestic political flux
News of the political impasse by Jayalalitha over the Cauvery water dispute, and a possible downgrade of the yen by Moody's triggered a fall in both the markets -- the BSE and GDRs.

BSE asks SEBI to relax gross exposure norms
The Bombay Stock Exchange (BSE) has requested SEBI to relax the norms laid down for the monitoring of gross exposure limits for those brokers who are permitted to carry forward their positions.

Carryforward rates continue at 6%
Carryforward charges on the Bombay Stock Exchange (BSE) continued to remain range-bound in the band of 6-10% annualised. The most interesting feature of the session was that of 20-23 stocks attracting backwardation reflecting the increasing short positions at these counters.

  Groundnut oil spurts on paucity of stock
  Unit trusts prevent investors losing out in a market crash