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In listless trading, the Sensex gained over 30 points to 18,537 on Monday on investor caution amid an all-party meet to break the parliamentary logjam over FDI in multi-brand retail, and weak global markets. Rise in heavyweights, such as Infosys, L&T, HUL, Bharti Airtel, Tata Motors, Tata Steel and Wipro, supported the rise. However, fall in M&M, HDFC Bank and ICICI Bank restricted the surge. Tata Steel gained 1.96% following the announcement to cut 900 jobs at its UK units. The BSE 30-stock index, Sensex, opened higher and moved in a narrow range of 18,590.33 and 18,508.79 before closing the day at 18,537.01, up 30.44 points, or 0.16%. The NSE 50-share Nifty also moved up 9.30 points, or 0.17%, to 5,635.90. Traders said the gains were also restricted ahead of the monthly settlement in the derivative contracts this week, besides mixed investor cues from global markets amid plans to finalise a bailout deal for Greece and budgetary impasse in the US.

UTI MF begins fresh search for full-time chief

UTI Asset Management Company, which runs one of the leading mutual funds of the country, has begun a fresh search process to find a full-time chief — a position lying vacant for over 21 months now. The fund house on Monday released an advertisement inviting applications for the position of CMD, after its board last month agreed to initiate a fresh process to fill the position.

Kotak Sec launches Smart Order Routing

Kotak Securities has introduced

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