In its move to broaden the
equity holding structure in Central Depository Services (India)
Pvt Ltd, The Stock Exchange, Mumbai is scouting for a public
sector bank to divest around ten per cent equity.
The capital market regulator
Securities and Exchange Board of India has chalked out an ambitious
plan for stocks of companies who have not yet established connectivity
with both the depositories under normal rolling settlement.
Bolstered by gains in technology
stocks, the Sensex gained 39 points on Thursday, extending its
gains for the second consecutive day on sustained buying by
foreign funds and speculators.
Tech stocks have been hogging
the limelight on expectations of better financial results. These
new economy stocks have gained up to 45 per cent in less than
a week.
