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 : 
Sensex Surges 2.7%
Author: 123jump.com Staff
123jump.com
Last Update: 3:58 PM EDT April 07 2008

(Continued)

Email article | Print article

Mumbai stocks rose sharply after Sebi said that it is considering to streamline dual stock listing on exchanges in India and other countries. Rally in commodities in the region also lifted stocks. Sensex gained 2.7% to close at 15,757 and CNX Nifty added 2.5% to close at 4,761. ICICI Bank and Ranbaxy Laboratories led the advancers in the Sensex index. However, Maruti Suzuki India and Ambuja Cements led the decliners in the index. Reliance Communication is likely to launch service in Sri Lanka.

 
Reliance Industries rose 3.6% to 2,405.70 rupees on news reports that the company is planning to enter into the rig manufacturing business besides investing $2.5 billion to enter into petrocoke gasification.

Reliance Communications gained 1.1% to 506 rupees on reports that the company has formed a joint venture with a local firm to launch GSM mobile services in Sri Lanka by this year. Reliance Energy was down 0.3% to 1,162.90 rupees.

New Issues

Sita Shree Food Products settled at 43.90 rupees, a premium of 46.33% over the IPO price of 30 rupees. The company had priced the IPO at the top end of the 27 rupees to 30 rupees filing price range.
  1  2 More: India Market Update Archive

 

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