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The BSE benchmark Sensex on Monday closed about 14 points lower as gains in realty, pharma and banking shares were overshadowed by losses in consumer durables, IT, and oil&gas counters, with investors adopting caution ahead of a slew of economic data later this week. The BSE 30-share barometer was choppy for most of the session, trading in a narrow range of over 115 points. It finally concluded at 19,409.69 — a loss of 14.41 points or 0.07%. However, the NSE 50-issue S&P CNX Nifty inched up by 1.50 points to end at 5,908.90. Overall, 16 scrips in the Sensex ended with losses. Major losers were TCS, NTPC, Bharti Airtel, Maruti Suzuki, M&M and Reliance Industries. Gainers included Dr Reddy, Cipla, Tata Steel, Sun Pharma, Bajaj Auto and Sterlite Industries. Among the sectoral indices, the BSE-CD fell 1.52%, followed by BSE-teck (0.90%), BSE-IT (0.89%) and BSE-Oil&Gas (0.72%), while BSE-Realty rose 1.10% and BSE-Healthcare jumped 0.89%.

Arvind Sethi appointed MD & CEO of Tata MF

Arvind Sethi, currently an independent director on the board of Tata Asset Management (Tata Mutual Fund), has been appointed its managing director and CEO with effect from December 10. Sethi was head of treasury of HSBC and ANZ Grindlays in the 1990s. He has also served as the managing director, global markets, Bank of America, from 1998 to 2001. He was instrumental in the founding of FIMMDA and was its chairman in 1999 and 2000. He was also on the

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