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Pune B-schools cut break to catch up with studies
Over 100,000 students along with 2,000 teachers join the move. http://smallpersonalloans.org.uk

FMC open to debate on extended trading hours
The Forward Markets Commission (FMC), the commodity markets regulator, says it is willing to discuss the issue of extending trading hours, in line with what the equity markets regulator, the Securities and Exchange Board of India (Sebi), did last week. Sebi has allowed trade timing in equities to be extended, from 9 am to 5 pm; the current hours are 9:55 am to 3:30 pm.

News of the day

Celebrity profs
India hasn’t reached the stage where top professors acquire celebrity status, but it could be getting there. At an event organised by the All India Management Association, a student asked IIM Bangalore Director Pankaj Chandra for his autograph. Professor Chandra was a bit taken aback and suggested the student get autographs of important persons at the function — the student was adamant, so Chandra obliged.
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Sensex ends up 97pts

The Sensex has ended (provisional) at 17,562 - up 97 points. - Asian markets in green; Nikkei jumps - Markets extend gains - Markets off day"s high - Tata Motors hits new 52-wk high on Dec sales nos - Markets off day"s high - Sugar stocks jump as price touch record high The Nifty ended (provisional) at 5,236 - up 35 points. _______________________________________________ (Updated at 1424 hrs) Markets continued to trade firm in late noon on the first trading day of 2010 on strong manufacturing and sales data. Asian markets also helped to buoy indices. Japan government"s decision to help the Japan Airlines boosted the Nikkei 1% in trades today. The Sensex is now up 100 points at 17,565. Earlier in the day the index touched a high of 17,570. The BSE mid and small-caps have continued to outperform the Sensex. The mid-cap index has added 1.3% while the small-caps have moved up 1.6% in trades. The auto, metal and consumer durables indices are up 1-2% each. However, the oil & gas index remains subdued in the red. Mahindra & Mahindra has surged 4.6% to Rs 1,131. Tata Motors has rallied 4% to Rs 825. Jaiprakash Associates has gained 4% at Rs 153. ACC, Tata Steel, Grasim, Wipro and Sterlite have moved up 1-2% each. Other gainers include Hindalco, Reliance Infrastructure and SBI. However, NTPC has dropped 1.7% to Rs 232. Reliance has slipped 1.3% to Rs 1,074. The market breadth is positive. Out of 2,913 stocks traded 2,125 have advanced while 727 have declined.


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