Wednesday, January 21, 2015

Sensex, Nifty consolidate; ITC tanks 4% post Q3 earnings

1:30 pm Exclusive interview: As mandated by the Union finance ministry, Securities and Exchange Board of India (SEBI) has been seeking to invest a chunk of the Employees’ Provident Fund Organisation (EPFO) corpus into Indian equities. Speaking about it, SEBI chairman UK Sinha there is lost of interest in Indian corporate bonds and the government where must work to bring in liquidity. Noticing a lot on enthusiasm from foreign players in corporate bonds, Sinha said the sector requires a lot of reforms. To begin with Foreign Portfolio Investment limits in corporate bonds must be enhanced. He also said the government must look at boosting retail investor participation in corporate bond market.
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The market is still holding on to its gains. The Sensex is up 85.98 points at 28870.65 and the Nifty is up 18.85 points at 8714.45. About 1116 shares have advanced, 1645 shares decli. 

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