BudGeT 2010 updates live

BUDGET SPECIAL ................WAIT A MOMENT LOADING CONTINUES................................Q3 GDP data at 6% Vs 7.9% (QoQ), expectation 6.8%
UNION BUDGET UPDATES: ECONOMY CAN ACHIEVE 10% GDP GROWTH
UNION BUDGET 2010 : INCREASE IN ALLOCATION FOR ROAD PROJECTS BY 13%.
UNION BUDGET 2010 : TO IMPLEMENT COMPETITIVE BIDDING PROCEDURE FOR ALLOCATION OF COAL MINES.
UNION BUDGET 2010 : GOVT DOUBLES ALLOCATION FOR POWER SECTOR TO 51.30 BLN RUPEES.
UNION BUDGET 2010 : INCREASE IN ALLOCATION FOR SCHOOL EDUCATION.
Union Budget 2010: Government to allocate Rs 16,500 crore for FY11 for bank recapitalization and to provide further capital to strengthen rural banks
UNION BUDGET 2010 : INTEREST SUBVENTION FOR LOW COST HOUSING EXTENDED. POSITIVE FOR LIC HSG FN, GIC HSG FIN, GRUH FIN ; INDIRECTLY POSITIVE FOR HDIL, BRIGADE, OMAXE, PURVA
UNION BUDGET 2010 :MICRO SMALL ENTERPRISES ALLOCATION INCREASED ABOUT 600 CR
UNION BUDGET 2010 :UNORGANISED WORKER FUND 1000 CR
UNION BUDGET 2010 :GOVT CONTRIBUTE RS 1000 PER ANNUM TO UNORGANISED WORKERS = PENSION SCHEME
UNION BUDGET 2010 : INCREASE IN DEFENCE ALLOCATION. POSITIVE FOR BEL, ASTRA MICRO, TATA MOTORS
UNION BUDGET 2010 : ALLOCATES 19 BLN RUPEES FOR UNIQUE IDENTIFICATION PROJECT. POSITIVE FOR BARTRONICS, GEODESIC
Union Budget 2010: Allocation of funds on national highways to be Rs 20,000 crore
UNION BUDGET 2010 : FISCAL DEFICIT PEGGED AT 5.5%. INLINE WITH EXPECTATION & FISCAL DEFICIT TARGET PEGGED AT 4.1% FOR 2012, VERY VERY POSITIVE FOR MARKET
Union Budget 2010: Farm loan repayment extension, a positive for SBI and PNB,
Union Budget 2010: Farm loan repayment extension, a positive for SBI and PNB,
Union Budget 2010: Over 13% higher road allocation, a positive for HCC, IRB Infra, L&T, Gammon India, Punj Lloyd and Nagarjuna Construction
UNION BUDGET 2010: TO PROVIDE GOVT SUBSIDY IN CASH INSTEAD OF BONDS FOR FERTILISER, OIL. POSITIVE FOR ALL OIL PSU STOCKS LIKE HPCL, BPCL
UNION BUDGET 2010 : CHANGES IN DIRECT IT SLAB. POSITIVE
UNION BUDGET 2010 : Sops for real estate, housing projects extended by a year. POSITIVE FOR INFRA STOCKS
UNION BUDGET 2010 : EXEMPTION OF DUTIES ON RENEWABLE ENERGY. POSITIVE FOR MOERBAER
ALERT : ONE OF THE BIGGEST POSITIVE OF UNION BUDGET 2010 IS GRANTING OF ADDITIONAL BANKING LICENSES TO PRIVATE PLAYERS & NBFC. EXPECT RALLY IN REL CAPITAL, IDFC, IFCI
Alert : Petrol prices hiked by Rs 2.67 & Diesel Prices by Rs 2.58 effective from Midnight

TIPS FOR 26.02.2010 FRIDAY BUDJET DAY

GOOD MORNING & Have a Nice DAY

INTRADAY CALLS FOR 26.02.2010 FRIDAY

Buy KLG Systel 131.80 TGT 135 SL 129.80

Stocks in news: SEL Mfg, Fame, Rel Infra, Tata Motors.

INVESTMENT CALL & DELIVERY CALLS

BUY MARTUTI SL 1387 TGT 1412 - 1424

Buy Sesagoa above 381 SL 378 TGT386

MARKET VIEW26.02.2010 FRIDAY

The crucial support on the downside for the Nifty is 4800 and resistance at 4918-4975-4993

BSE Sensex: (16254) the crucial support on the Sensex on the downside is 16000 and resistance at 16575

Older Posts Subscribe to: Posts (Atom) We wish you To Have a Superb Profitable Trading Day Today!!!

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

WISH U ALL HAPPY & SAFE TRADING

MARKET ENDED 25.02.2010

MARKET ENDED 25.02.2010 THURSDAY

SENSEX 16254.20 -1.77

NIFTY 4859.75 +1.15

NASDAQ 2242.03 -1.84

DJIA 10383.80 -18.97

RS/$ 46.16 +0.31

Indian markets ended little changed on Thursday as traders squared positions on final day of February F&O series. Capital goods, IT and banks provided support while FMCG and oil & gas stocks proved laggards.

Equities opened on a subdued note and remained lackluster throughout the session. There was some knee-jerk reaction on release of the Economic Survey, which sees FY10 fiscal deficit at 6.5 per cent and revenue deficit at 4.6 per cent with 2004-05 GDP base. However, indices failed to move sharply in either direction. Tepid European markets also failed to provide support.

Friday, equities are likely to swing either ways as Finance Minister Pranab Mukherjee presents the Union Budget for 2010-11.

We expect the Finance Minister to chalk out a comprehensive roadmap for controlling the fiscal deficit situation in India. The export sops that were announced last year could be continued. There could also be some emphasis on agriculture.

However, We do not expect any significant announcements regarding the progress of the Direct Tax Code, implementation of the GST will seemingly be postponed to 2011. Do not expect any tinkering with the STT and the capital gains tax rate in the Budget.

With the economy back on a reasonable growth path, some of the stimulus provided earlier might be withdrawn, in terms of a partial rollback of the excise duty.

National Stock Exchange’s Nifty ended at 4859.75, up 1.15 points or 0.02 per cent. The index touched a low of 4835.60 and high of 4880.15 in intraday trade.

Bombay Stock Exchange’s Sensex closed at 16,254.20, up 1.77 points or 0.01 per cent. The 30-share index hit intraday low of 16167.13 and high of 16329.33.

The BSE Midcap Index was down 0.4 per cent and BSE Smallcap Index moved 0.18 per cent lower.

Amongst the sectoral indices, BSE FMCG Index was down 0.83 per cent, BSE Oil&Gas Index fell 1.05 per cent and BSE PSU Index slipped 0.15 per cent. BSE Capital Goods Index moved 1.27 per cent higher and BSE IT Index gained 0.55 per cent.

Biggest Sensex gainers were Larsen & Toubro (2.47%), Maruti Suzuki (2.37%), Hero Honda (1.44%), Infosys Technologies (1.37%) and ACC (1.15%),

Hindustan Unilever (-2.71%), Tata Motors (-2.69%), Jaiprakash Associates (-2.27%), NTPC (-2.03%) and Reliance Communications (-1.59%) were the losers.

Market breadth on BSE showed 1521 declines against 1278 advances.

European markets were rangebound with positive bias and US stocks were likely to open in the red. Dow Jones Futures was down 0.31 per cent, S&P 500 futures fell 0.43 per cent and Nasdaq 100 declined 0.45 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

TIPS FOR 25.02.2010 THURSDAY

GOOD MORNING & Have a Nice DAY

INTRADAY CALLS FOR 25.02.2010 THURSDAY

Buy Ess Dee Aluminium 400 TGT 407 SL 393

Buy PFC above 242 SL 239.95 TGT 245.80

INVESTMENT CALL & DELIVERY CALLS

Buy Voltas above 158.55 SL156.55 TGT 162

MARKET VIEW25.02.2010 THURSDAY

The crucial support on the downside for the Nifty is 4800 and resistance at 4918-4975-4993

BSE Sensex: (16256) the crucial support on the Sensex on the downside is 16000 and resistance at 16575

WORLD MARKETS & COMMODITY UPDATE 25.02.2010

Asian Markets
Asian markets trading flat on Thursday.
Nikkei Stock Average 225 was up 0.18 percent at 10,217.19.
KOSPI Index down 0.49 pct at 1,604.85.
Shanghai Composite Index up 0.04 pct at 3,023.41.
US Markets
US Markets ended higher on Wednesday.Dow Jones industrial average was up 92 points,up 0.89 percent, to 10,374. The Standard & Poor's 500 index ended up to settle at 2,236. The tech-heavy Nasdaq composite index up 1.01 percent up 22 points to 2,236.

European Stocks Ended Higher
European Markets ended higher on Wednesday.Britain's FTSE 100 index ended up 0.52 percent up 28 points to 5,343 ,Germany's DAX ended up 0.20 percent up 11 points to 5,616 ,France's CAC 40 ended up 0.23 percent at 3,716 .
Commodities
Crude oil was up 14 cents to trade at $80.15 a barrel.Gold settle at $1,097 an ounce

We wish you To Have a Superb Profitable Trading Day Today!!!

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

WISH U ALL HAPPY & SAFE TRADING

MARKET ENDED 24.02.2010

MARKET ENDED 24.02.2010 WEDNESDAY

SENSEX 16255.97 -30.35

NIFTY 4858.60 -11.45

NASDAQ 2242.03 -1.84

DJIA 10383.80 -18.97

RS/$ 46.16 +0.31

Indian markets ended on a flat-to-negative note Wednesday, even as the railway budget was presented. Trade was choppy ahead of expiry ofFebruary F&O series Thursday and caution ahead of Union Budget on Friday.Railway Minister Mamata Banerjee’s budget left train fares and freight rates unchanged. In fact, the minister cut freight rates on wheat and kerosene. Railway related stocks that had run-up ahead of the budget continued to fall while shares of container manufacturing companies along with agro companies showed upward movement.

Texmaco fell to Rs 143.10, down 4.41 per cent or Rs 6.60 on the NSE. It touched a low of Rs 136.75 and high of Rs 154.70. Titagarh Wagons declined to Rs 373, down Rs 31.75 or 7.84 per cent on the NSE. It touched a low of Rs 372 and high of Rs 418.80. KRBL moved to Rs 25.95, up 9.49 per cent, Rei Agro advanced 4.2 per cent to Rs 52.15 and Kohinoor Foods gained 0.86 per cent to Rs 52.70.

The Railway Budget 2010-2011 was a non-event from the markets perspective, though it was overall positive in its intent and future direction. The budget was devoid of any major populist measures focused on developing and improving the railway infrastructure.

The budget announced its intent to release the 10-year ‘Vision 2020’ document to further widen and strengthen the infrastructure. Another key positive spelled out in the budget was emphasis on inviting domestic investments through Public-Private-Partnership, which will provide opportunities to the private sector.

Further, to strengthen Railway Freight, the budget plans a new policy to set up private freight terminals and multi-modal logistics and mega logistics hubs, which would be beneficiary to rail container operators. Status quo was maintained from the industry’s (steel, cement, coal etc.) perspective, as the freight tariffs were left unchanged. Thus, overall the budget can be summed up as a positive oneAfter opening lower in line with other peers, indices moved in a narrow range on low volumes ahead of February F&O series expiry.

Bombay Stock Exchange’s Sensex ended at 16,255.97, down 30.35 points or 0.19 per cent. It touched a low of 16187.44 and touched a high of 16328.44.

National Stock Exchange’s Nifty closed at 4858.60, down 11.45 points or 0.24 per cent. It touched a low of 4834.65 and high of 4880.55. BSE Midcap Index was down 0.41 per cent and BSE Smallcap Index moved 0.61 per cent lower.

Amongst the sectoral indices, BSE Realty Index gained 0.93 per cent and BSE IT Index moved up 0.03 per cent. BSE Healthcare Index fell 0.64 per cent, BSE Auto Index fell 0.43 per cent and BSE Bankex slipped 0.18 per cent.

Biggest Nifty gainers were Maruti Suzuki (3.68%), Idea Cellular (2.74%), Unitech (2.45%), NTPC (1.17%) and Ranbaxy Laboratories (1.08%)

Losers comprised Sun Pharmaceuticals (-2.82%), Tata Motors (-2.39%), Reliance Communications (-2.33%), Mahindra & Mahindra (-2.19%) and Cipla (-1.98%).

Market breadth on BSE remained negative with 1,851 declines against 948 advances.

The market saw two disappointing listings of DB Realty and Emmbi Polyarns. Shares of DB Realty pulled back from intraday lows but ended below issue price on debut. On the NSE, the scrip closed at Rs 455.05, down Rs 12.95 or 2.77 per cent. It touched a low of Rs 412.45 and high of Rs 467 on listing day.
Shares of Emmbi Polyarns plunged on debut and closed over 37 per cent lower against issue price of Rs 45. On the NSE, the scrip ended at Rs 28.75, down Rs 16.80, or 37.33%. It touched a low of Rs 26.65 and high of Rs 48.30 in today’s trade.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

TIPS FOR 24.02.2010 WEDNESDAY

GOOD MORNING & Have a Nice DAY

INTRADAY CALLS FOR 24.02.2010 WEDNESDAY

BUY RUCHI SOYA 101 SL 97 T 104/106

Buy Zensar Technologies.288 with SL 283 TGT 310 - 320

INVESTMENT CALL & DELIVERY CALLS

Buy Sun Pharma above 1573 SL 1565 TGT 1584

MARKET VIEW24.02.2010 WEDNESDAY

The crucial support on the downside for the Nifty is 4800 and resistance at 4918-4975-4993

BSE Sensex: (16286) the crucial support on the Sensex on the downside is 16000 and resistance at 16575

WORLD MARKETS & COMMODITY UPDATE 24.02.2010

Asian Markets
Asian markets trading lower on Wednesday.
Nikkei Stock Average 225 down 2.12 percent at 10,132.35.
KOSPI Index down 1.29 pct at 1,607.96.
Shanghai Composite Index down 0.72 pct at 2,960.97.
US Markets
US Markets ended down on Tuesday.Dow Jones industrial average was down 101 points,down 0.97 percent, to 10,282. The Standard & Poor's 500 index ended down at 1,095 . The tech-heavy Nasdaq composite index down 1.28 percent down 29 points to 2,213.

European Stocks Ended Lower
European Markets ended lower on Tuesday.Britain's FTSE 100 index ended down 0.69 percent down 37 points to 5,315,Germany's DAX ended down 1.48 percent down 84 points to 5,604 ,France's CAC 40 ended down 1.32 percent at 3,707 .
Commodities
Crude oil was up 32 cents to trade at $79.18 a barrel.Gold settle at $1,103 an ounce.

Older Posts Subscribe to: Posts (Atom) We wish you To Have a Superb Profitable Trading Day Today!!!

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

WISH U ALL HAPPY & SAFE TRADING

MARKET ENDED 23.02.2010

MARKET ENDED 23.02.2010 TUESDAY

SENSEX 16286.32 +49.27

NIFTY 4870.05 +13.65

NASDAQ 2242.03 -1.84

DJIA 10383.80 -18.97

RS/$ 46.16 +0.31

Equity benchmarks ended a choppy session on a higher note Tuesday ahead of budget and February F&O expiry. Losses in auto, oil&gas and PSU stocks were offset by gains in realty, metals and healthcare space. Positive start to European markets also provided support to the indices.Indices opened lower in the backdrop of negative Asian markets. However, the fall was less severe and benchmarks pulled back while broader markets reeled under selling pressure. According to dealers, rollovers have been comparatively lower than previous months indicating apprehension of traders to carry forward positions to next series.On the higher side, Nifty is witnessing selling pressure around 4900-4930 levels whereas buying interest emerges around 4750-4780 levels. Now only a breakout on either side may give future direction to the market.

If Nifty sustains above 4930 then an upmove towards 5050 levels may be seen. On the downside, if the index falls below 4780 levels then selling pressure may push Nifty to recent lows of 4675 levels or even lower.

For next few days, our market will be highly volatile ahead of Union Budget 2010 and February month F&O expiry. Traders are advised to be stock specific, keep positions light or even hedge their portfolio by stock or index options

National Stock Exchange’s Nifty ended at 4870.05, up 13.65 points or 0.28 per cent. The broader index hit a high of 4884.10 and low of 4833.15.

Bombay Stock Exchange’s Sensex closed at 16286.32, up 49.27 points or 0.30 per cent. The index touched a high of 16324.93 and low of 16178.91.

BSE Midcap Index moved 0.59 per cent lower and BSE Smallcap Index slipped 0.92 per cent.

Amongst the sectoral indices, BSE Realty Index gained 0.96 per cent, BSE Metal Index moved 0.72 per cent up and BSE Healthcare Index advanced 0.66 per cent. BSE Auto Index slipped 1.82 per cent and BSE Oil&gas Index declined 0.41 per cent.

Sun Pharma (2.37%), DLF (1.67%), ICICI Bank (1.64%), Sterlite Industries (1.58%) and HDFC (1.29%) were amongst the top Nifty gainers.

Losers included Maruti (-3.24%), Reliance Infrastructure (-1.32%), Mahindra&Mahindra (-1.25%), Hero Honda (-0.87%) and Tata Motors (-0.83%).

The government has approved a proposal by UK retail major Mothercare to invest Rs 25.87 crore for 30 per cent stake in a joint venture with DLF Brands.

Market breadth was negative on the BSE with 1924 declines and 889 advances.

Meanwhile, European markets slipped into the red led by banks and the US markets is also expected to open lower. At 5 pm IST, Dow Jones futures was down 0.32 per cent, S&P 500 slipped 0.34 per cent and Nasdaq 100 declined 0.45 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

TIPS FOR 23.02.2010 TUESDAY

GOOD MORNING & Have a Nice DAY

INTRADAY CALLS FOR 23.02.2010 TUESDAY

Buy Dena Bank above 80 SL 78.8 TGT 81-82.4

Buy Hindustan Dorr-Oliver 184-186, TGT 192. SL 182

INVESTMENT CALL & DELIVERY CALLS

Buy TCS above 759 SL 754 TGT 772

MARKET VIEW23.02.2010 TUESDAY

NIFTY Res 4892-4936-4980 Sup 4818-4780-4746

Stocks in news REC, Apollo Hospitals, HDIL, Religare

BSE Sensex (16237) the crucial support on the Sensex on the downside is 16000 and resistance at 16575

WORLD MARKETS & COMMODITY UPDATE 23.02.2010

Asian Markets
Asian markets trading lower on Tuesday.
Nikkei Stock Average 225 down 0.82 percent at 10,315.44.
KOSPI Index down 0.27 pct at 1,622.65.
Shanghai Composite Index down 0.69 pct at 2,982.72.
US Markets
US Markets ended down on Monday. Dow Jones industrial average was down 19 points, down 0.18 percent, to 10,383. The Standard & Poor's 500 index ended flat at 1,108. The tech-heavy NASDAQ composite index down 0.08 percent down 2 points to 2,242.

European Stocks Ended Lower
European Markets ended lower on Monday. Britain’s FTSE 100 index ended down 0.11 percent down 6 points to 5,352,Germany's DAX ended down 0.59 percent down 34 points to 5,688 ,France's CAC 40 ended down 0.34 percent at 3,757 .
Commodities
Crude oil was up 35 cents to trade at $80.16 a barrel. Gold settle at $1,113 an ounce.

Older Posts Subscribe to: Posts (Atom) We wish you To Have a Superb Profitable Trading Day Today!!!

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

WISH U ALL HAPPY & SAFE TRADING

MARKET ENDED 22.02.2010 MONDAY

SENSEX BIGGERS MOVERS



MARKET ENDED 22.02.2010 MONDAY
SENSEX 16237.05 +45.42
NIFTY 4856.40 +11.05
NASDAQ 2243.87 +2.16
DJIA 10402.35 +9.45
RS/$ 46.47 -0.25
Indian markets ended with only modest gains on Monday, after rising smartly earlier in the session. Traders booked profits following subdued opening of European markets. According to dealers, the Union Budget and expiry of the F&O February series later this week is likely to turn the market volatile.
Indices opened on a firm note mirroring gains of Asian peers and consolidated at higher levels helped by gains in metals, IT and auto space. However, selling pressure intensified in the afternoon taking its toll on broader markets. Realty, PSU and pharma stocks ended with losses.
Bombay Stock Exchange’s Sensex ended at 16,237.05, up 45.42 points or 0.28 per cent. The 30-share index hit intraday high of 16423.23 and low of 16191.32.
National Stock Exchange’s Nifty closed at 4856.40, up 11.5 points or 0.24 per cent. The index touched a high of 4912.05 and low of 4845.90 in today’s trade.
On the higher side, two important hurdles to watch out for are 4920-4960 (Short Term Moving average on Daily & Weekly charts) and 5020 (short term EMA on daily charts) levels of Nifty. Derivatives expiry combined with Railway and Union budgets will see markets turning extremely volatile. Naturally, this week is going to be most eventful for market participants.

Foreign fund flows will continue to play an important role in directing the course of our markets.
The BSE Midcap Index ended down 0.59 per cent and BSE Small cap Index moved lower by 1.05 per cent.
Amongst the sect oral indices, BSE Realty Index slipped 1.77 per cent, BSE Healthcare Index declined 0.68 per cent and BSE PSU Index edged 0.46 per cent lower. BSE IT Index was up 1.01 per cent and BSE Metal Index gained 0.68 per cent.
Biggest Sensex gainers were Hindalco Industries (3.1%), Tata Steel (2.18%), Hero Honda (1.71%), Hindustan Unilever (1.6%) and Jindal Steel (1.59%).
Shree Renuka Sugars on Sunday said it had bought Brazilian company Equipav SA Acucare Alcool for Rs 1,530 crore to strengthen its presence in the world market. This saw the company’s share ended 3.92 per cent higher on the NSE.
Anil Ambani-led Reliance MediaWorks on Sunday made a public offer to buy an additional 52.48% in multiplex chain operator Fame India for about Rs 180.14 crore, countering the takeover bid by rival Inox Leisure. Shares of Fame India closed 5.04 per cent higher while Reliance Media Works ended 1.39 per cent lower.
Idea Cellular (-4.03%), Unitech (-2.78%), DLF (-2.78%), Grasim Industries (-1.75%) and Reliance Infrastructure (-1.71%) ended with losses.
Market breadth remained positive on BSE with 1,927 advances against 906 declines.
European markets were moving in a narrow range with positive bias and the US stock futures indicated a firm opening. At 4:30 pm IST, Dow Jones stock futures was up 0.22 per cent, S&P 500 stock futures moved 0.25 per cent higher and NASDAQ 100 gained 0.36 per cent.