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Jubilant week at BSE, NSE

Mirroring the uptrend, the BSE Sensitive index (100 scrips) zoomed up by 142.34 points to 3366.70 points as against the previous week's close of 3224.36 points. The BSE-100 National index shot up by 47.50 points to 1448.88 points over the previous week's close of 1401.38 points.

The week started with the extraordinary general body meeting of the BSE members, who appreciated the work done by President M G Damani during his two-year tenure. The members extended their support to him for another term.

The BSE-200 and Dollex indices also rose by 08.06 and 04.05 points to 321.69 and 138.22 points as compared to previous week's close of 313.63 and 134.17 points respectively.

The total turnover during the week was Rs 43.3 billion. The BSE has also announced plans to expand specified group list from 100 scrips to 125 to 130 scrips.

The Sensex jumped by 130 points during trading on Monday due to buying support from both the FIIs and the domestic institutions.

The Indian currency also strengthened against the US dollar over the week, which aided FII investment in the Indian bourses.

Securities and Exchange Board of India Chairman D R Mehta granted permission to financial institutions for shelf registration of bond issues. This will enable the FIIs to enter the capital market with bond offering a number of times within a year.

The special court of S N Variava, hearing 1992 securities scam cases, has set aside the three member arbitration panel's award under which ANZ Grindlays bank had been paid Rs 9.12 billion by the National Housing Bank.

Castrol India declared excellent performances during the last calender year and the board announced a dividend of Rs 12 per share, which included Rs 4 as interim dividend which was already paid.

The NSE-50 "Nifty" index rose by 14.20 points to 977.65 points as against the previous week's close of 963.45 points. The Dollar NSE-50 "Defty" index also improved by 14.65 points to 875.60 points over last week's close of 860.95 points.

However, the Midcap index declined by 24.95 points to 1081.35 points as compared to the previous week's close of 1106.30 points. The total turnover on the NSE during the week was Rs 63.6 billion.

UNI