http://economictimes.indiatimes.com
Mahindra and Mahindra unveils new Scorpio
Second rung stocks outshine
Investors need to be realistic about returns expectations
Challenges increase for Indian banks: Fitch Ratings
Blue Star to buy electrical contracting firm
RIL plant shutdown may hit LPG supply
Gulf investors pick up 18% in Parekh Aluminex
JSW Steel November crude production up 16 pct
Reliance Entertainment in 50:50 JV with GWC
Just one girl in 10 students making it to IIMs: Survey
Foxconn to invest $1.5 b in TN to make mobile parts
BT to buy Singapore's Frontline for $140 mn
India has capability to send spacecraft to Mars
Power companies' operating margins up
Rupee eases on suspected RBI intervention, gold up
Banks should attract more individual depositors: Reddy
NSE bans trading in 7 F&O contracts
Heard on the street
Prabhudas Picks; Balaji Tele, Deccan Chronicle, HT Media
Stocks to buy: Max India, SBI, BBHL
Nitin Fire to buy 40% in Dubai fire protection co
Essar Steel to continue trading on bourses: SAT
Extra load off MF investors
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
05 December 2007
Know About: Royal Dutch Shell,Total S.A
Royal Dutch Shell
Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies). The company's headquarters are in The Hague, Netherlands, with its registered office in London, United Kingdom (Shell Centre).[1]
More @ http://en.wikipedia.org/wiki/Royal_Dutch_Shell
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Total S.A
Total S.A. (Euronext: FP, NYSE: TOT) is an oil company headquartered in Paris, France, and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer.
More@ http://en.wikipedia.org/wiki/Total_S.A.
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies). The company's headquarters are in The Hague, Netherlands, with its registered office in London, United Kingdom (Shell Centre).[1]
More @ http://en.wikipedia.org/wiki/Royal_Dutch_Shell
----------------------------------------------------------
Total S.A
Total S.A. (Euronext: FP, NYSE: TOT) is an oil company headquartered in Paris, France, and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer.
More@ http://en.wikipedia.org/wiki/Total_S.A.
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
25 most powerful people in business: CNNMoney Article
Power 25
25 most powerful people in business
Some are empire builders. Others are hired guns. But if they truly have world-class oomph, they're on Fortune's subjective - yet really quite accurate - list of the most powerful businesspeople in the world.
Steve Jobs Rupert Murdoch Lloyd Blankfein Eric Schmidt, Larry Page, and Sergei Brin Warren Buffett Rex Tillerson Bill Gates
More @ http://money.cnn.com/galleries/2007/fortune/0711/gallery.power_25.fortune//index.html
Other Special Stories:
8 big ideas to watch in '08
Most cost-effective hybrids
FSB 100: America's fastest-growing small companiesAmerica's 100 fastest-growing small public companies. See the full results, plus top 25 companies by revenue growth, stock performance, and more.
Source: http://money.cnn.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
25 most powerful people in business
Some are empire builders. Others are hired guns. But if they truly have world-class oomph, they're on Fortune's subjective - yet really quite accurate - list of the most powerful businesspeople in the world.
Steve Jobs Rupert Murdoch Lloyd Blankfein Eric Schmidt, Larry Page, and Sergei Brin Warren Buffett Rex Tillerson Bill Gates
More @ http://money.cnn.com/galleries/2007/fortune/0711/gallery.power_25.fortune//index.html
Other Special Stories:
8 big ideas to watch in '08
Most cost-effective hybrids
FSB 100: America's fastest-growing small companiesAmerica's 100 fastest-growing small public companies. See the full results, plus top 25 companies by revenue growth, stock performance, and more.
Source: http://money.cnn.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
RIL eyes world-scale acquisitions of upto $15 bn : ET
RIL eyes world-scale acquisitions of upto $15 bn
India's top private energy group, Reliance Industries Ltd, signalled a major shift in growth strategy on Wednesday, saying it was on the prowl for world-scale acquisitions of up to $15 billion as soon as next year. Reliance, controlled by India's wealthiest man, Mukesh Ambani, has grown into one of the world's leading refiners and petrochemical firms by following an organic path, while powerful Indian peers such as Tata Group expanding aggressively overseas.
But that may be about to change, Atul Chandra, the president of Reliance's international oil business, said at the Reuters India Investment Summit. "We would be looking at major acquisitions, there is no question, because our growth cannot come only in the organic. We are always looking at opportunities where we find hidden value," he said. "All companies look for acquisitions all the time, but I can say that we would look more seriously from this year onward." "If we do something it will be world scale, it will be a major acquisition ... Such acquisitions could be in excess of $10 billion to $15 billion," said Chandra, who leads the global hunt for oil and gas assets for India's biggest listed firm.
He did not say whether the company would be more likely to buy into upstream exploration or production assets, or to expand its core downstream refining and petrochemical activities. Reliance finished building its 660,000 barrels-per-day (bpd) export-oriented refinery in western India in 2000, and next year subsidiary Reliance Petroleum will commission an adjacent plant that will lift joint capacity to over 1.2 million bpd, making it the biggest such complex in the world.
With growing crude oil demand Reliance, which has a market capitalisation of more than $100 billion, needs to boost overseas output to help ensure supplies, he said. "We would like to have oil production close to 400,000 bpd for ourselves, as a part of supply security for the refinery," said Chandra, who led the successful overseas expansion of state-owned ONGC Videsh in the 1990s. "We hope 100,000 bpd should be available from India. Therefore I should look at another 300,000 bpd overseas." Reliance could begin looking for more refining deals once the $6 billion refinery project is finished in mid-2008, he said. "At this time when the construction is on the peak we would not like to divert our resources, but we would like to look for such opportunities in four to five months," he said.
Tata Steel Ltd made corporate India's biggest-ever overseas takeover with its $13 billion purchase of Corus this year, but Reliance's acquisitions -- such as Malaysian polyester maker Hualon for a reported $250 million this year -- have been of a far smaller scale. In 2005, it was linked to a possible bid for Innovene, oil major BP Plc's petrochemicals business, which was sold to British chemicals firm INEOS for $9 billion.
Other stories
ONGC Videsh OKs Hinduja tie up for Iran assets
Ukrain's NaftoGaz bags Rs 725-cr contract from ONGC
Reliance awarded another exploration block by Oman
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India's top private energy group, Reliance Industries Ltd, signalled a major shift in growth strategy on Wednesday, saying it was on the prowl for world-scale acquisitions of up to $15 billion as soon as next year. Reliance, controlled by India's wealthiest man, Mukesh Ambani, has grown into one of the world's leading refiners and petrochemical firms by following an organic path, while powerful Indian peers such as Tata Group expanding aggressively overseas.
But that may be about to change, Atul Chandra, the president of Reliance's international oil business, said at the Reuters India Investment Summit. "We would be looking at major acquisitions, there is no question, because our growth cannot come only in the organic. We are always looking at opportunities where we find hidden value," he said. "All companies look for acquisitions all the time, but I can say that we would look more seriously from this year onward." "If we do something it will be world scale, it will be a major acquisition ... Such acquisitions could be in excess of $10 billion to $15 billion," said Chandra, who leads the global hunt for oil and gas assets for India's biggest listed firm.
He did not say whether the company would be more likely to buy into upstream exploration or production assets, or to expand its core downstream refining and petrochemical activities. Reliance finished building its 660,000 barrels-per-day (bpd) export-oriented refinery in western India in 2000, and next year subsidiary Reliance Petroleum will commission an adjacent plant that will lift joint capacity to over 1.2 million bpd, making it the biggest such complex in the world.
With growing crude oil demand Reliance, which has a market capitalisation of more than $100 billion, needs to boost overseas output to help ensure supplies, he said. "We would like to have oil production close to 400,000 bpd for ourselves, as a part of supply security for the refinery," said Chandra, who led the successful overseas expansion of state-owned ONGC Videsh in the 1990s. "We hope 100,000 bpd should be available from India. Therefore I should look at another 300,000 bpd overseas." Reliance could begin looking for more refining deals once the $6 billion refinery project is finished in mid-2008, he said. "At this time when the construction is on the peak we would not like to divert our resources, but we would like to look for such opportunities in four to five months," he said.
Tata Steel Ltd made corporate India's biggest-ever overseas takeover with its $13 billion purchase of Corus this year, but Reliance's acquisitions -- such as Malaysian polyester maker Hualon for a reported $250 million this year -- have been of a far smaller scale. In 2005, it was linked to a possible bid for Innovene, oil major BP Plc's
Other stories
ONGC Videsh OKs Hinduja tie up for Iran assets
Ukrain's NaftoGaz bags Rs 725-cr contract from ONGC
Reliance awarded another exploration block by Oman
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Gainers List: Rediff.Com
www.rediff.com
Top Gainers:
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 54.75 68.30 + 24.75
+
FDC Ltd. A 31.10 37.30 + 19.94
+
HMT Ltd. A 91.15 100.25 + 9.98
+
Syndicate Bank A 109.40 120.25 + 9.92
+
Tata Elxsi Ltd. A 258.75 284.30 + 9.87
+
GAIL India Ltd. A 439.80 481.85 + 9.56
+
Nestle India A 1,312.35 1,433.05 + 9.20
+
IndusInd Bank A 117.30 127.20 + 8.44
+
Neyveli Lignite A 244.70 264.85 + 8.23
+
Vijaya Bank A 79.85 85.90 + 7.58
+
Apollo Tyres A 41.75 44.90 + 7.54
+
Escorts Ltd. A 155.90 167.55 + 7.47
+
Dena Bank A 82.30 88.40 + 7.41
+
BASF India Lt A 252.10 269.30 + 6.82
-----------------------------------------------------------
+
Broadcast Initiative B1 53.75 64.50 + 20.00
+
Kajaria Ceramics B1 29.25 35.10 + 20.00
+
Unity Infraprojects B1 710.70 852.80 + 19.99
+
JBF Industries B1 162.15 194.55 + 19.98
+
Anil Products Ltd. B1 86.40 103.65 + 19.97
+
Sahyadri Industries B1 53.60 64.30 + 19.96
+
Nandan Exim B1 4.06 4.87 + 19.95
+
AMD Metplast Ltd. B1 42.40 50.85 + 19.93
+
Visa Steel B1 46.45 55.70 + 19.91
+
Nahar Investments & B1 25.65 30.75 + 19.88
+
Maadhav Granite and B1 91.95 110.05 + 19.68
+
STL Global Ltd. B1 26.00 31.10 + 19.62
+
Circuit Systems (Ind B1 30.20 35.70 + 18.21
+
Harrisons Malaya B1 98.50 116.00 + 17.77
+
Aarti Ind. Ltd B1 30.85 36.25 + 17.50
+
Hind. Motor B1 42.85 50.25 + 17.27
+
Gwalior Chemical Ind B1 87.65 102.75 + 17.23
+
Garden Silk Mill B1 80.75 94.60 + 17.15
+
Zee News Ltd. B1 70.60 82.15 + 16.36
+
Mahindra Forgings Lt B1 240.00 276.40 + 15.17
+
Modipon T 70.55 81.00 + 14.81
+
Apar Industries B1 327.20 375.05 + 14.62
More List @http://money.rediff.com/money/jsp/daily_gainer.jsp
Source: http://www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Top Gainers:
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 54.75 68.30 + 24.75
+
FDC Ltd. A 31.10 37.30 + 19.94
+
HMT Ltd. A 91.15 100.25 + 9.98
+
Syndicate Bank A 109.40 120.25 + 9.92
+
Tata Elxsi Ltd. A 258.75 284.30 + 9.87
+
GAIL India Ltd. A 439.80 481.85 + 9.56
+
Nestle India A 1,312.35 1,433.05 + 9.20
+
IndusInd Bank A 117.30 127.20 + 8.44
+
Neyveli Lignite A 244.70 264.85 + 8.23
+
Vijaya Bank A 79.85 85.90 + 7.58
+
Apollo Tyres A 41.75 44.90 + 7.54
+
Escorts Ltd. A 155.90 167.55 + 7.47
+
Dena Bank A 82.30 88.40 + 7.41
+
BASF India Lt A 252.10 269.30 + 6.82
-----------------------------------------------------------
+
Broadcast Initiative B1 53.75 64.50 + 20.00
+
Kajaria Ceramics B1 29.25 35.10 + 20.00
+
Unity Infraprojects B1 710.70 852.80 + 19.99
+
JBF Industries B1 162.15 194.55 + 19.98
+
Anil Products Ltd. B1 86.40 103.65 + 19.97
+
Sahyadri Industries B1 53.60 64.30 + 19.96
+
Nandan Exim B1 4.06 4.87 + 19.95
+
AMD Metplast Ltd. B1 42.40 50.85 + 19.93
+
Visa Steel B1 46.45 55.70 + 19.91
+
Nahar Investments & B1 25.65 30.75 + 19.88
+
Maadhav Granite and B1 91.95 110.05 + 19.68
+
STL Global Ltd. B1 26.00 31.10 + 19.62
+
Circuit Systems (Ind B1 30.20 35.70 + 18.21
+
Harrisons Malaya B1 98.50 116.00 + 17.77
+
Aarti Ind. Ltd B1 30.85 36.25 + 17.50
+
Hind. Motor B1 42.85 50.25 + 17.27
+
Gwalior Chemical Ind B1 87.65 102.75 + 17.23
+
Garden Silk Mill B1 80.75 94.60 + 17.15
+
Zee News Ltd. B1 70.60 82.15 + 16.36
+
Mahindra Forgings Lt B1 240.00 276.40 + 15.17
+
Modipon T 70.55 81.00 + 14.81
+
Apar Industries B1 327.20 375.05 + 14.62
More List @http://money.rediff.com/money/jsp/daily_gainer.jsp
Source: http://www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Myiris, Money Control.Com Stories
Myiris.Com
Brokers Outlook: Fed meet next trigger for markets
Centre to launch New Fertilizer Investment Policies:Paswan
FM approves 16 FDI proposals worth Rs 6474.7 mn
GTL buy backs equity shares
EPIC Energy introduces GSM enabled REMS
Fortis Healthcare plans USD 500 mn investment
ONGC Videsh may strike alliance with Hinduja`s
Holcim increases stake in Ambuja Cements to 46%
----------------------------------------------------------
MoneyControl.Com
IOB, Escorts, HPCL are top picks for Dec: Experts
Reliance seeing $10-15 bn upstream acquisition
Hind Motors has target of Rs 65
Kingfisher-Deccan merger may be on the anvil
Will new midcaps be a part of tomorrow’s rally?
DLF plans mutual fund biz in India with Prudential
May up promoters' stake in key grp cos to 51%: Ratan Tata
Indian Overseas Bank can touch Rs 198-214: N Pillai
Chambal Fertilisers has target of Rs 102: Gujral
Oil space foray generates interest in Videocon
Welspun Gujarat can touch Rs 540: Anu Jain
Stocks to watch: Ispat,Tata Motors, Gail
Angel Broking bullish on Tata Steel, SAIL
WWIL surging higher on some corporate action
Videocon Ind may hive off power biz
Source: http://www.moneycontrol.com and www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Brokers Outlook: Fed meet next trigger for markets
Centre to launch New Fertilizer Investment Policies:Paswan
FM approves 16 FDI proposals worth Rs 6474.7 mn
GTL buy backs equity shares
EPIC Energy introduces GSM enabled REMS
Fortis Healthcare plans USD 500 mn investment
ONGC Videsh may strike alliance with Hinduja`s
Holcim increases stake in Ambuja Cements to 46%
----------------------------------------------------------
MoneyControl.Com
IOB, Escorts, HPCL are top picks for Dec: Experts
Reliance seeing $10-15 bn upstream acquisition
Hind Motors has target of Rs 65
Kingfisher-Deccan merger may be on the anvil
Will new midcaps be a part of tomorrow’s rally?
DLF plans mutual fund biz in India with Prudential
May up promoters' stake in key grp cos to 51%: Ratan Tata
Indian Overseas Bank can touch Rs 198-214: N Pillai
Chambal Fertilisers has target of Rs 102: Gujral
Oil space foray generates interest in Videocon
Welspun Gujarat can touch Rs 540: Anu Jain
Stocks to watch: Ispat,Tata Motors, Gail
Angel Broking bullish on Tata Steel, SAIL
WWIL surging higher on some corporate action
Videocon Ind may hive off power biz
Source: http://www.moneycontrol.com and www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex rebounds, ends 209 pts up: Sify India
Sensex rebounds, ends 209 pts up
Unperturbed by weakness exhibited by stocks on the US and Asian bourses, the bulls entered the ring with firm conviction this morning, and despite turning a bit restless at times, remained fairly busy till mid afternoon. After that, with a positive start on the European markets boosting the sentiment, they went on a rampage and drove the market to a buoyant close today.
Till about the final hour, only a few select stocks, notably those from auto and oil sectors, were seen trading firm. However, as the mood turned upbeat, stocks cutting across sectors rallied higher and posted smart gains.
While the Sensex, which rose to a high of 19,790.92 in late afternoon trade, ended the day with a gain of 208.57 points or 1.07% at 19,738.07, the Nifty ended with a gain of 1.39% or 81.65 points at 5940, a few points off its intra-day high of 5949.30.
ONGC, which moved up by 4.3% to Rs 1206.30, gained the most among the Sensex components. Tata Motors, which rallied to a high of Rs 783 on sustained, buying support, ended the session with a handsome gain of 3.95% at Rs 771.75. Banking sector heavyweights State Bank of India (2.85%), ICICI Bank (1.9%) and HDFC Bank (1.65%) rebounded smartly during the final hour and ended on a firm note.
Hindalco gained 2.85%. Cipla notched up a gain of 2.5%. NTPC (2.15%), Larsen & Toubro (1.9%), Reliance Industries (1.4%), Ranbaxy Laboratories (1.35%) and Bajaj Auto (1.15%) finished with impressive gains. Reliance Communications, DLF, Wipro, Maruti Suzuki and ACC ended with modest gains. ITC, BHEL, Mahindra & Mahindra, Bharti Airtel, HDFC and Tata Consultancy Services settled marginally higher than their previous closing levels.
Tata Steel, Infosys Technologies, Satyam Computer Services, Grasim Industries, Reliance Energy, Ambuja Cements and Hindustan Unilever closed weak due to lack of support.
The market reacted favourably to GAIL India signing a memorandum of understanding with Reliance Industries for. The stock zoomed 9.55% to Rs 481.40 today. Hindustan Petroleum Corporation recorded a smart gain of 6.45%.
BPCL, Sun Pharmaceuticals, GlaxoSmithKline Pharma, Reliance Petroleum, Unitech, Nalco, Siemens, Zee Entertainment, Dr. Reddy's Laboratories, SAIL and Tata Power were the other prominent gainers from the Nifty. Ispat Industries zoomed by nearly 25% on strong volumes. FDC vaulted 20%. HMT, Syndicate Bank, Tata Elxsi, Nestle, IndusInd Bank, Neyveli Lignite Corporation, Vijaya Bank, Apollo Tyres, Escorts and Dena Bank moved up by 7% - 10%. BASF India, JB Chemicals, Lanco Infratech, Jindal Saw and Power Finance also ended with handsome gains.
Zee News, Wire & Wireless, SRF, Networth Financial Services, Essar Shipping, Development Credit Bank, Shiv Vani Oil, MindTree Consulting, GTL Infrastructure, Redington India, Apollo Tyres, Eicher Motors, Nagarjuna Constructions and Global Broadcast News were some of the big gainers from the midcap space.
Kajaria Ceramics, Kemrock, Unity Infraprojects, JBF Industries, FDC, Visa Steel, Aarti Industries, Hindustan Motors, Gwalior Chemicals, Garden Silks, Mahindra Forgings, Apar Industries, Supreme Petro, Link House, Viceroy Hotels, Crest Animations, Mukand and Roman Tarmat were among the strong gainers in the smallcap index.
Thanks to widespread buying, the market breadth was highly positive today. Out of 2891 stocks traded on BSE, 2164 stocks finished on a winning note. 687 stocks ended weak and 40 stocks ended unchanged from their previous closing levels.
Other Top Stories @ www.sify.com/finance
Dish TV to raise Rs 250 cr
Visesh Infotecnics raises $10 m
ONGC Videsh, Hindujas may tie up
FII registrations set to top all-time high
BFSI is private equity's hot spot
Mutual fund assets take a 3.3% dip
Kamat buys 60% stake in Concept Hospitality
JSW Steel Nov crude steel production up 16%
Indiabulls gets clean chit in IPO scam
Deal with Reliance pushes up GAIL
Ashok Leyland down as Nov sales dip
REL promoters keen on insurance cos stake
Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Unperturbed by weakness exhibited by stocks on the US and Asian bourses, the bulls entered the ring with firm conviction this morning, and despite turning a bit restless at times, remained fairly busy till mid afternoon. After that, with a positive start on the European markets boosting the sentiment, they went on a rampage and drove the market to a buoyant close today.
Till about the final hour, only a few select stocks, notably those from auto and oil sectors, were seen trading firm. However, as the mood turned upbeat, stocks cutting across sectors rallied higher and posted smart gains.
While the Sensex, which rose to a high of 19,790.92 in late afternoon trade, ended the day with a gain of 208.57 points or 1.07% at 19,738.07, the Nifty ended with a gain of 1.39% or 81.65 points at 5940, a few points off its intra-day high of 5949.30.
ONGC, which moved up by 4.3% to Rs 1206.30, gained the most among the Sensex components. Tata Motors, which rallied to a high of Rs 783 on sustained, buying support, ended the session with a handsome gain of 3.95% at Rs 771.75. Banking sector heavyweights State Bank of India (2.85%), ICICI Bank (1.9%) and HDFC Bank (1.65%) rebounded smartly during the final hour and ended on a firm note.
Hindalco gained 2.85%. Cipla notched up a gain of 2.5%. NTPC (2.15%), Larsen & Toubro (1.9%), Reliance Industries (1.4%), Ranbaxy Laboratories (1.35%) and Bajaj Auto (1.15%) finished with impressive gains. Reliance Communications, DLF, Wipro, Maruti Suzuki and ACC ended with modest gains. ITC, BHEL, Mahindra & Mahindra, Bharti Airtel, HDFC and Tata Consultancy Services settled marginally higher than their previous closing levels.
Tata Steel, Infosys Technologies, Satyam Computer Services, Grasim Industries, Reliance Energy, Ambuja Cements and Hindustan Unilever closed weak due to lack of support.
The market reacted favourably to GAIL India signing a memorandum of understanding with Reliance Industries for. The stock zoomed 9.55% to Rs 481.40 today. Hindustan Petroleum Corporation recorded a smart gain of 6.45%.
BPCL, Sun Pharmaceuticals, GlaxoSmithKline Pharma, Reliance Petroleum, Unitech, Nalco, Siemens, Zee Entertainment, Dr. Reddy's Laboratories, SAIL and Tata Power were the other prominent gainers from the Nifty. Ispat Industries zoomed by nearly 25% on strong volumes. FDC vaulted 20%. HMT, Syndicate Bank, Tata Elxsi, Nestle, IndusInd Bank, Neyveli Lignite Corporation, Vijaya Bank, Apollo Tyres, Escorts and Dena Bank moved up by 7% - 10%. BASF India, JB Chemicals, Lanco Infratech, Jindal Saw and Power Finance also ended with handsome gains.
Zee News, Wire & Wireless, SRF, Networth Financial Services, Essar Shipping, Development Credit Bank, Shiv Vani Oil, MindTree Consulting, GTL Infrastructure, Redington India, Apollo Tyres, Eicher Motors, Nagarjuna Constructions and Global Broadcast News were some of the big gainers from the midcap space.
Kajaria Ceramics, Kemrock, Unity Infraprojects, JBF Industries, FDC, Visa Steel, Aarti Industries, Hindustan Motors, Gwalior Chemicals, Garden Silks, Mahindra Forgings, Apar Industries, Supreme Petro, Link House, Viceroy Hotels, Crest Animations, Mukand and Roman Tarmat were among the strong gainers in the smallcap index.
Thanks to widespread buying, the market breadth was highly positive today. Out of 2891 stocks traded on BSE, 2164 stocks finished on a winning note. 687 stocks ended weak and 40 stocks ended unchanged from their previous closing levels.
Other Top Stories @ www.sify.com/finance
Dish TV to raise Rs 250 cr
Visesh Infotecnics raises $10 m
ONGC Videsh, Hindujas may tie up
FII registrations set to top all-time high
BFSI is private equity's hot spot
Mutual fund assets take a 3.3% dip
Kamat buys 60% stake in Concept Hospitality
JSW Steel Nov crude steel production up 16%
Indiabulls gets clean chit in IPO scam
Deal with Reliance pushes up GAIL
Ashok Leyland down as Nov sales dip
REL promoters keen on insurance cos stake
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