Turnover vaults 43%; Sensex up 44 points
Business on the two leading bourses jumped up by 43% to Rs 4562.20 crore on Tuesday against Monday's Rs 3190.58 crore. The Bombay Stock Exchange registered a turnover of Rs 2256.39 crore while National Stock Exchange was a shade ahead at Rs 2305.81 crore.

OCBs to pick up 24% stake in SRG Infotech
A consortium of three Mauritus-based overseas corporate bodies (OCB) is picking up a 24% stake at Rs 40 in the Delhi-based software company, SRG Infotech.

Sebi to finalise rating norms
The Securities and Exchange Board of India (Sebi) is likely to finalise regulations for credit rating agencies at its board meeting on Wednesday. Guidelines on rating firms is on top of the agenda of the market regulator board meeting, Sebi sources said.

  Commodity Briefing
  Cobalt price surge likely to slow down Japanese buying
  Moderate trade dominates spices market
  Australia predicts doom for Brazilian sugar
  Drug price revision gives a booster to pharma scrips
  Sound technicals favour long-term investors as Kargil clouds recede
  Dividend hopes activate Max India scrip
  Strong rupiah unlikely to hamper Indonesia's recovery, say analysts
  Japan denies using yen as a trade tool to boost exports
  ABB -- Accelerating orders propel the stock
  East Europeans may adopt euro soon
  Financial Briefing
  Ranbaxy overseas subsidiaries turn in poor show
  Market Round-up
  SEBI identified 80 rogue firms, initiates action
  Over 4 lakh Concor shares change hands
  UTI likely to peg US-64 dividend at 15 per cent
  RBI to be allow interest rate swaps for hedging
  Silver firms up on New York advices; sugar ends lower
  MSRDC to raise Rs 800 cr in two tranches
  Ranbaxy piggybacks on pharma rebound rebound
  Sound technicals favour long-term investors as war clouds recede
  Sundaram Newton plans to hardsell its growth scheme
  Birla Corp plans rights at a premium of Rs 17-22
  Market Briefing
  IDBI trims exposure to steel, textile, cement sectors