Government allows gold hedging
The Government has paved the way for activating the gold deposit scheme by allowing Reserve Bank of India and other authorised scheduled banks to enter into forward contracts for sale and purchase of gold within the country.

Sebi asks regional bourses to chalk out survival plans
The Securities and Exchange Board of India (Sebi) chairman D R Mehta has said that regional stock exchanges should come out with their survival strategies in the face of stiff competition and growing reach of National and Bombay Stock Exchanges across the country.

IT industry takes the lead as market cap crosses Rs 79,070-crore mark
Infotech stocks have leapfrogged to the number one position in market capitalisation, according to a Nasscom survey.

  Gold weak in early European trading
  German Ifo survey aids euro recovery
  Market Round-Up
  AP, TN state loan auctions oversubscribed 217%
  Crisil report on poor asset quality may have triggered ICICI float
  ICICI plans to float Rs 275cr issue in Sept
  Syndicate Bank Rs 125 cr initial public offer to be priced at Rs 10
  Market Briefing
  Rolling settlement to cover all investors in 10 scrips
  Rumours, correction, panic selling drag Sensex down 75 points
  Unit Trust jumps on to gilt fund bandwagon
  Tokyo stocks down 1% in early trade
  Shares on the move
  Pivotals react on heavy selling pressure
  ICICI FCDs converted at Rs 15 a share
  Bullion suffers on LME advices; uptrend persists in pulses