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Bourses' battle riles brokers
A day after the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) decided to postpone the extended trading time to January 4, brokers said they were appalled by the one-upmanship and lack of coordination between the exchange authorities.

US market ends firm; MTNL ADR up 3%
US markets advanced on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to help growth.

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IRDA mulls allowing life insurers to invest in derivatives
The Insurance Regulatory and Development Authority (IRDA) is considering allowing life insurers to invest part of policy holders" money in equity derivatives, a move that would allow these firms to hedge the risks emanating from cash markets.
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US market ends firm; MTNL ADR up 3%

US markets advanced on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to help growth. - "The current crop will be much better" - Ubuntu 9.10: A karmic disconnection - US markets ends higher on strong retail news - Trade deficit in US increases by most since 1999 - TCS to form business alliance with Dow - US markets drop on energy shares The Dow Jones industrial average gained 136 points (1.3%) to 10,406. The Nasdaq Composite Index jumped 30 points (1.3%) to 2,197. The Indian ADRs ended on a positive note. HDFC Bank and MTNL advanced over 3% each to $136.51 and $3.36, respectively. ICICI Bank and Tata Motors added over 2% each to $39.78 and $14, respectively. Infosys and Wipro were up 2% each Mahindra Satyam on the other hand slipped around 3% to $5.23 and Patni Computers was donw 2% at $21.38, respectively.


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