Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
Industrial Production, Inflation Up
Author: 123jump.com Staff
123jump.com
Last Update: 3:28 PM EDT April 11 2008

(Continued)

Email article | Print article

Industrial production in India in February increased 8.6% after revised production in January gained 5.8%. The better than expected production data overshadowed the rise in inflation at the end of March. Wholesale inflation increased 7.4% for a year ending in the last week in March, forced the government to remove export incentives for sugar, rice and steel. Sensex edged higher by 0.7% or 112 to 15,807 and CNX Nifty added 0.95% to 4,777.80.

 
Reliance Update

Of the BSE share, Reliance Industries gained 3.3% at 2,550.05 rupees on news reports that the country''s largest oil refiner is in talks with several oil companies to sell up to 10% in its deep-water D6 block off India''s east coast.

Reliance Power gained 0.8% to 361.35 rupees and Reliance Petroleum rose 3.7% to 181.95 rupees.

Reliance Energy rose 2.2% to 1,281.15 rupee. The company on Thursday announced that it has spent about a third of the 800 crore rupees allocated for buying back shares from the stock market.

Reliance Communications gained 1.8% to 493.25 rupees.
  1  2 More: India Market Update Archive

 

© 1999-2008 123jump.com. All rights reserved