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Market Update : 
Sensex Rebounds, GAIL Bonus
Author: 123jump.com Staff
123jump.com
Last Update: 12:43 PM EDT March 11 2008

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Stocks in India rebounded ahead of U.S. Fed and European central banks plan to add liquidity to the credit markets. DLF led the surge in realty stocks. GAIL India surged 7% after it increased spending on pipeline projects and it said it plans to issue bonus shares. ACC jumped 6% on the sale of a unit to HNG Group for 400 crore rupees. Tata Motors plan to raise $1 billion in international markets to pay for the Jaguar and Land Rover from Ford.

 
Cement maker, ACC jumped 5.6% to 809 rupees, NPTC gained 4.4% to 193.25 rupees and Ranbaxy Laboratories ended firm at 4.7% to 453.90 rupees.

Technology shares declined led by Satyam Computer Services and Wipro. Satyam fell 2.9% to 396 rupees and Wipro declined 3% to 390.10 rupees.

Tata Motors lost 2.4% to 658 rupees after the company''s board approved raising additional long-term funds of up to 4,000 crore rupees.
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