Unit Trust largesse cheers market; funds help Sensex spurt 64 points
Market sentiment strengthened on the back of news reports of UTI's decision to inject about Rs 600 crore into the market over the next fortnight and on hopes of a review of the ban on short sales by the Inter-exchange coordination committee. Both these factors, coupled with aggressive buying by FIIs, led to a 64-point rise in the 30-share BSE Sensitive Index.

OTCEI mulls weekly trading cycle for listed segment
The Over The Counter Exchange of India (OTCEI) is planning to move to a weekly settlement cycle in the listed segment from the current practice of a rolling settlement. It is also planning to allow the delivery of physical shares in this segment.

The buy-back mantra for disinvestment
The buy-back formula is once again getting reinforced on the stock markets. It is likely that the facility would be available within the next couple of months. The success of the government's Rs 5,000 crore disinvestment programme depends on the revival of the stock markets.

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