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Markets | United Phosphorus up on MSCI India inclusion

Markets | United Phosphorus up on MSCI India inclusion
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First Published: Fri, May 15 2009. 12 16 AM IST
Updated: Fri, May 15 2009. 12 16 AM IST
Mumbai: United Phosphorus Ltd led gains among three Indian companies to be added to MSCI Inc.’s India index, with shares of Unitech Ltd and other stocks leaving the benchmark falling.
United Phosphorus rose as much as 5.91%, Bajaj Auto Ltd advanced 7.49% and Idea Cellular Ltd gained 0.84% in Mumbai trading.
The MSCI changes take effect after the close of trading 29 May, according to a statement issued by MSCI Inc.
--Bloomberg
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Series-1:CD exam must for currency traders
Mumbai: The National Institute of Securities Markets (NISM) on Thursday made the Series-I: Currency Derivatives Certification Examination (Series-I: CD) mandatory for approved users and salespersons of trading members of the currency derivatives segment of any recognized stock exchange.
Markets regulator Securities and Exchange Board of India, or Sebi, on 13 May approved the Series-1:CD exam in a gazette notification as the required certification for such persons.
A trading member of the currency derivatives segment of a recognized stock exchange has to ensure that all its approved users and salespersons are certified under this requirement by 10August.
“A trading member of the currency derivatives segment of a recognized stock exchange, hereafter cannot engage or employ any approved user or sales personnel who does not have valid Series-I: CD certification,” Sebi said in a statement.
--Staff Writer
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First Published: Fri, May 15 2009. 12 16 AM IST