Nifty ends 5-day losing streak; RIL, SBI, HDFC Bk surge

Sensex won't see old highs for 2-3 yrs: Shankar Sharma

Shankar Sharma, VC and Joint MD of First Global rues that the bull market will not be back in a hurry and does not see the Sensex re-conquering its previous highs in the next two or three years. He estimates a moderate downside and sees the Sensex falling to the 10000-11000 levels. He also sees no recovery of a number of stocks on the Index to its previous highs. He feels the international financial crisis is not over and there are still a few struggling names in Europe and the US. He said he has no sympathy for investors of investment banks all over the world. He said that the rupee is intrinsically weak and would add to the concern of capital outflows.

Excerpts from CNBC-TV18’s exclusive interview with Shankar Sharma:
Sensex won't see old highs for 2-3 yrs: Shankar Sharma

------------------------------------------------
http://www.moneycontrol.com/india/news/economy/how-much-advance-tax-have-cos-paid-for-sept-quarter/19/15/356376

Sources said Tata Steel has paid Rs 300 crore as compared to Rs 350 crore, year-on-year. Tata Motors paid Rs 75 crore as against Rs 190 crore YoY, while Tata Consultancy Services paid Rs 115 crore versus Rs 20 crore YoY.

Among banking companies, Bank of India paid Rs 191 crore as compared to Rs 150 crore YoY, sources said. Union Bank paid Rs 130 crore as against Rs 100 crore YoY, while ICICI Bank paid Rs 250 crore versus Rs 185 crore YoY.

Mahindra & Mahindra paid Rs 116 crore as compared to Rs 83 crore YoY, while L&T paid Rs 170 crore versus Rs 80 crore YoY, sources added.

State Bank of India, or SBI, has paid Rs 1,560 crore as advance tax for the September quarter as against Rs 1,060 crore year-on-year, reports CNBC-TV18, quoting sources. Videocon paid Rs 25 crore as against Rs 20 crore YoY. HDFC and Reliance Industries paid Rs 290 crore and Rs 680 crore respectively for the September quarter. RIL had paid Rs 650 crore in the same period last year.

CNBC-TV18 Disclaimer:This information is source-based and has not been provided to the stock exchanges.
----------------------------------------------
Sensex ends down 12pts, SBI gains 6%
Nifty ends 5-day losing streak; RIL, SBI, HDFC Bk surge
ICICI Bank UK holds Lehman bonds
Advance tax nos not correlated with profitablity: Macquarie
US stocks extend slide on AIG worries

Finacial crisis: World Central banks pump $300 bn
Rupee posts biggest fall in a decade
Fed set to hold rates steady, may signal cuts
Goldman Sachs Q3 net plunges 70%
The journey of Lehman Brothers

Cause of Lehman bankruptcy Fallout threatens recession
Fate of 2,500 employees? Souvenirs command premium
Rel Cap to invest in insurance
Special: Pink slips back at IT cos
London stock mkt slides to 3-year low

Re falls to weakest since July 2006
ICICI Bank has Rs 375-cr exposure in Lehman Brothers
R-Cap to invest Rs 2,000 cr in insurance biz in next 3-5 yrs
Rel Infra eyes Rs 15,000 crore share in PSU steel projects
Short covering, value buying aid market recovery

Source:ET, BS,BL, UTVi