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Sensex up over 75 points; highest closing in 5 months

Trading in the stock market remained lackluster for the most part of Monday, but buying at the fag end in consumer durables, capital goods and power stocks lifted Sensex 75 points higher to 17,633.45 — the highest closing since March 15 — ahead of July inflation numbers on Tuesday. After opening lower in morning, the BSE benchmark index continued to trade listless in first half and touched day's low of 17,522.10 points as global stocks remained range-bound. However, emergence of buying activity and capital inflows in the closing stages of trading lifted the index to 17,642.38 points. It finally settled at 17,633.45, up 75.71 points or 0.43% over previous close. This is the highest closing for the index since March 15 when it closed at 17,675.85. Housing loan provider, HDFC, was the top gainer from the Sensex pack with a rise of 3.71% on heavy buying from institutional investors. HDFC Bank, RIL, L&T, Bharti Airtel and Sterlite Industries also registered smart gains, while HUL, Tata Motors, TCS, ICICI Bank and ITC suffered losses. The 50-share NSE index Nifty rose by 27.50 or 0.52% to 5,347.90.

Sebi asks cos to obtain 'Scores' authentication

Sebi has directed all exchange-listed companies to obtain Sebi Complaints Readdress System (Scores) authentication by September 14, in accordance with the terms of an earlier circular dated June 3, 2011. The market regulator also directed listed companies to take necessary steps within seven days of the receipt of a complaint by the concerned company through SCORES, so as to resolve the complaint within 30 days and also keep the complainant duly informed of the action taken thereon.

Sebi allows Aadhaar as address proof for investors

Market regulator Sebi on Monday said investors could use 'Aadhaar' cards as valid address proof for their accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities. 'Aadhaar', a 12-digit individual identification number issued by Unique Identification Authority of India (UIDAI), is already permitted as a valid identity proof document in the capital market.

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