Depository snag hits pay-out

The market regulator had called a meeting of depositories and stock exchanges to ensure that there was no disruption of the settlement process, it said. The depositories and stock exchanges have assured Sebi that the pay-out would be completed today and take every measure to resolve the technical snag, it added.

The Sensex continued its upward march and crossed the 6,600-level. After touching a new high of 6,617.15 in the early trades, the BSE Sensex ended with a small gain of 4.46 points at 6,567.94, its best close ever. The sustained rally in the market without a correction has started making investors nervous.