Sensex off day's low

The Sensex after touching a low of 17,028, has recovered a bit and is now down 100 points at 17,080. The NSE Nifty is down 37 points at 5,066. Reliance Communications and Tata Motors are the other significant gainers. The market breadth is neutral - out of 2,639 stocks traded so far, 1,276 have advanced and 1,259 have declined.

Bharati hikes open offer for Great Offshore to Rs 560/share

Bharati Shipyard today said it has hiked the open offer price to acquire stake in offshore service provider Great Offshore to Rs 560 per share.

ITC results bode well for FMCG firms

Fast moving consumer goods (FMCG) companies are likely to register a modest growth for the July-September 2009 quarter on the back of rising consumer demand which is expected to considerably reduce the impact of a disappointing monsoon on sales. Traditionally, summer and winter months make up 30-40 per cent of any FMCG company’s overall sales.

UBS aims $14.7 bn profit annually in next 3-5 yrs

Swiss banking major UBS today said it aims to achieve the target of about 15 billion Swiss francs (around $14.7 billion) pre-tax profits per year over the next three to five years.

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