SENSEX.....18K.....Cheers

SENSEX 18280.24 788.85
NIFTY 5327.25 242.15

The stock market barometer Sensex on Tuesday surged by a record 789 points to cross the 18,000-point milestone as investors took heart from the improbability of snap polls and bought heavily in frontline stocks led by Reliance Industries.

reliance industries ltd. 2600.00 7.38 %

The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term. The Bombay Stock Exchange (BSE) benchmark Sensex also recorded the second fastest 1,000-point journey from 17K to 18K in nine trading sessions. The fastest 1,000-point journey was achieved in six sessions between 16K and 17K last month.

The news that the Left-UPA committee on the nuclear deal will meet on October 22 only indicated that the Congress-led UPA government at the centre and its communist allies have stepped back from Tuesday's political stalemate, sparking off a huge price rally across-the-board. While the Left parties claimed they had persuaded the government from going ahead with the deal, there was no word from the government. However, RJD chief and Railway Minister Lalu Prasad said: "The government is not falling. There will be no snap poll."

The BSE barometer ended the day at a new closing peak of 18,280.24, a net rise of 788.85 points or 4.51 per cent over yesterday's close of 17,491.39. It also touched new intra-day high of 18,327.42. The broader S&P CNX Nifty of the National Stock Exchange (NSE) also flared up to an all-time trading high of 5,348.70 before closing at a new peak of 5,327.25 from previous close of 5,085.10, a net gain of 242.15 points or 4.76 per cent.

GAINER- NSE Group

Some of the Gainers
Company
Last Price (Rs.)
Gain(%)
igate global solutions ltd.
317.95
20.00
shriram transport finance company ltd.
226.75
16.64
indusind bank ltd.
70.95
15.83
torrent power ltd.
132.25
14.10
k e c international ltd.
30.75
14.10
uco bank
44.20
13.18
pnb gilts ltd.
27.05
13.17
nagarjuna fertilisers ` chemicals ltd.
57.75
13.01
infrastructure development finance company ltd.
164.70
12.00
reliance energy ltd.
1533.95
11.14
jindal south west holdings ltd.
482.35
10.68
akruti nirman ltd.
814.75
10.51
ifci ltd.
86.60
10.24
gujarat mineral development corporation ltd
1357.50
10.20
reliance communications ltd.
706.95
10.19
reliance communications ltd.
706.95
10.19
housing development ` infrastructure ltd.
762.40
10.10
adani exports ltd.
714.30
10.00
indian overseas bank
138.10
9.55
reliance natural resources ltd.
89.15
9.11
gujarat industries power company ltd.
92.80
8.92
indo tech transformers ltd.
517.85
8.80
united spirits ltd.
1811.70
8.75

---------------
reliance capital ltd.
1768.00
8.69
tata sponge iron ltd.
239.55
8.68
tata power company ltd.
980.00
8.58
tata teleservices (maharashtra) ltd
40.40
8.16
indiabulls real estate ltd.
648.50
7.84
maruti udyog ltd.
1105.05
7.78
triveni engineering ` industries ltd.
99.75
7.77
new delhi television ltd.
387.95
7.70
zee entertainment enterprises ltd.
339.25
7.69

arvind mills ltd.
61.65
7.49
bank of india
278.95
7.47
jaiprakash hydro-power ltd.
70.65
7.45
emkay share ` stock brokers ltd.
141.90
7.29
indiabulls financial services ltd.
626.10
6.96

mic electronics ltd.
524.85
6.82
power grid corporation of india ltd.
101.95
6.80
indowind energy ltd.
145.05
6.77
reliance petroleum ltd.
161.20
6.75
steel authority of india (sail) ltd.
205.80
6.74
walchandnagar industries ltd.
4779.50
6.74
l infrastructure ` projects ltd.
439.80
6.68
escorts ltd.
124.65
6.67
kotak mahindra bank ltd.
972.30
6.63
info edge (india) ltd.
1042.80
6.54
ntpc ltd
218.15
6.46
ptc india ltd.
88.50
6.43
state bank of india
1889.95
6.06

We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Day's Quote/Corporate Story

Quote of the Day

" Even god takes nine months to create a baby. What makes you think that you can achieve success in a short time? The best of things will take its own time."

Personality / Corporate of the Day

Dr. Manmohan Singh

Dr. Manmohan Singh (Punjabi: ਮਨਮੋਹਨ ਸਿੰਘ) (born 26 September 1932) is the 14th and current Prime Minister of India. Dr. Singh is a member of the Indian National Congress party and became the first Sikh to become Prime Minister of India on May 22, 2004. He is regarded by some as the 'most educated' Indian Prime Minister in history.[1] He is considered one of the most qualified and influential figures in India's recent history, mainly because of the economic reforms he initiated in 1991 when he was Finance Minister under Prime Minister Narasimha Rao.[2]

Further Details, Visit : http://en.wikipedia.org/wiki/Manmohan_Singh

We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Earnings/Results Corner

Some of the BSE-Scrips

Results Announment Dates

October 9, 2007

JAY BHAR MAR
JYOTI LIMITE
PANCH.STEEL
PRIME SECU L
PRISM CEMENT
S. KUMAR NAT
SKUMARS COM

October 10,2007

BHAGWAND MET
BIHAR TUBES
iGATE GLOBAL
IWIND ENERGY
PHIL CORPO.
POWER FINAN
SARANG CHEMI
SH VIND PA M
SOUTH INDIA
SPICE TELE
SUBUTI FINAN
SUPREM IND

October 11, 2007

ABHISHEK IND
ALPHA HI-TEC
BHARAT SEATS
CONTAIN CORP
IDEA CELL
INFOSYS TECH
MAJJARRRSHA
MASTEK
SINGER INDI

We thank the owners of the above articles/sites/sources/Govts www.bseindia.com referring this. We are just providing the link/information of business updates from the leading sources.

All new BSNL landlines to come with broadband

NEW DELHI: BSNL will no longer offer stand-alone landlines. The PSU has decided to offer a bundled broadband connection with every new landline that it installs across the country. Customers will not be charged extra for these broadband activated landlines.

The users can activate the high-speed internet connection at any time, a senior executive with the company told ET. The move is in line with BSNL’s plans to increase its broadband users base. “This will be extended to the landlines being installed even in rural areas – 99.9% of all new landlines will come with this facility,” the executive added.


For further, Visit: All new BSNL landlines to come with broadband


We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources.

Economic Times - Headlines

Economic Times

Kotak Bank in talks with Buffett, others to raise $400m
Global steel demand to surge in 2007; BRIC to play key factor
StanChart opens full-service branches in Jalgaon & Siliguri
Legatum invests Rs 34 cr in Intellecap
Thai firms keen to invest in India
ING Vysya Bank to raise equity capital
Broadcasters call for 25% surcharge on commercials
DishTV targets 8 mn users; to invest Rs 1100 cr

Tata Steel to raise $1.4 bn
Avtec plans Rs100-cr plant for Rs 1-lakh car
GVK Bio eyes 100-cr PE deal
Bharat Bijlee's stock surged 80% since January '07
Reliance seeks 3-year drilling holiday
FIIs take 49% of GHC for Rs 560 cr
Bharti to shed 10% in Infratel for $1.1 bn

Morgan Stanley to start India wealth business


We thank the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for referring this. We are just providing the link/information of business updates from the leading sources.

Sintex Ind earnings climb 35.48% in Sep`07 qtr

Leading plastic water tanks maker, Sintex Industries (Q, N,C,F)* registered a substantial jump of 35.48% in net profits for the quarter ended September 2007, helped by strong sales volume and improved operating margin.

During the quarter, the company saw a rise in profits to Rs 419.85 million as against Rs 309.90 million in the same quarter, last year.The net sales for the quarter climbed by 26% to Rs 3,204.03 million, while the total income for the quarter rose 26.50% to Rs 3,286.10 million, when compared with the corresponding quarter, a year ago.

The operating margins increased to 22.72% during the quarter, a rise of 186.09 basis points compared with the corresponding quarter, a year ago. The earnings per share for the quarter climbed 30.07% to Rs 3.72 compared with the same quarter of previous year.


We thank the owners of the above articles/sites/sources/Govts www.myiris.com for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Rajesh Exports Q2 net up 156%

Rajesh Exports Q2 net up 156%
BS Reporter / Bangalore October 08, 2007

Rajesh Exports, Bangalore-based gold jewellery manufacturer and retailer, has posted a 156% increase in net profit at Rs 54.24 crore for the second quarter of FY08 when compared with Rs 21.16 crore in Q2FY07.

Revenue was up 19.38% at Rs 2,044.21 crore as against Rs 1,712.22 crore in the corresponding period of the last fiscal. EPS for the second quarter increased 156% to Rs 14.67 from Rs 5.73 in the same period last year. Commenting on the results, Rajesh Mehta, chairman, Rajesh Exports, said: "The company has yet again posted a strong performance. I am pleased that the company's focus on margin expansion is bearing results. Going forward, I am confident that the company will post higher profits as margin expansion plans of the company keep maturing."


We thank the owners of the above articles/sites/sources/Govts www.business-standard.com for referring this. We are just providing the link/information of business updates from the leading sources.

Corporate Updates

MoneyControl.Com

Sintex eyes buyouts in Europe/US
Politics affects which sectors?
BSE to revise composition of indices
Voltas to bag Rs 800-1,000 cr order from West Asia
GIVE’s a generics booster for Indian drug makers
Tatas to race global cos for Serbian auto maker
UCO Bank plans follow-on public issue by Q1FY09
DLF to replace DRL in Sensex on Nov 19
National Aviation Company may divest 15% via IPO
Crude trades below $81/bbl


Rediff.Com

Market rally: Rich investors sell $1.04 billion
R& D: India lags behind China, Mexico
Foreign investments pouring in
IIM Calcutta in Rs 100 crore facelift
Mutual Fund roundup: September 2007
India top sourcing hub for global pharma
2 Indian design institutes among top global schools
Indian cities to witness 'Gold Shows'
Russia lifts ban on Indian oilseeds


Hindustan Times

Technopark firm renamed UST Global
Britain returns to tap Indian brains
New schemes to sell ONGC’s marginal fields
BSNL to spend 400 cr to expand in Jharkhand
We need to have a strong and deep bond market: Montek


Hindu -BusinessLine

Arvind Mills plans Rs 263.12-cr pref issue
Fitch assigns 'A+(ind)' rating to Unitech
Jaiprakash Associates board to consider stock split
McNally Bharat gets order worth Rs 38.31 crore
Radico Khaitan to invest in Rs 160-cr greenfield project
Simplex Projects bags Rs 115-cr contracts
Surana Ind plans subsidiary to tap windpower
Hindalco completes buy of Alcan stake in Utkal Alumina

BNP Paribas picks up 15 lakh GV Films shares
Goldman Sachs hikes stake in Aftek
Raj TV to launch 24x7 Tamil news channel
Moser Baer buys Hindi, Gujarati titles from Ultra Video
Vodafone commits $10 m for setting up Foundation in India
CS Software bags Rs 72-lakh order
Ramco bags order from Adani group


Business Standard

Tata Sky to provide feast of movie classics
Praj to set up ethanol plant for Tata Chemicals
Rajesh Exports Q2 net up 156%
ICICI Direct signs deal to offer overseas trading
Subex Azure bags UK Trade & Investment award
Microsoft India announces innovation framework


We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources.

DLF to replace Dr Reddy's on Sensex

Real estate developer DLF Ltd's stock would replace Dr Reddy's Laboratories Ltd's stock in the benchmark index, the Bombay Stock Exchange (BSE) said in a statement in Mumbai on Monday.

The replacement will be effective from Nov 19 in the BSE Sensex, the bourse said.
This move is expected to be positive for DLF as funds which track the index will now take positions in the stock, said a leading stockbroker in Mumbai.

DLF Ltd had entered the capital markets this July with an initial public offering (IPO) of 175 million equity shares through a 100 per cent book building process.

Incorporated in 1946, the DLF group is a leading real estate developer based in New Delhi. The group has over 220 million sq ft of existing development and 574 million sq ft of planned projects. In September 2006 DLF was the only real estate firm among the 60 businesses named Superbrands of India under the real estate category.


We thank the owners of the above articles/sites/sources/Govts http://www.hindustantimes.com
for referring this. We are just providing the link/information of business updates from the leading sources.