Management

Sensex up marginally in early trades

The Sensex after opening flat, surged to a high of Rs 17,658. The index then slipped to a low of 17,604 - down 54 points from the day"s high. - F&O OUTLOOOK: Trading indicates fresh declines in near future - FIIs net sellers Rs 1,209cr in F&O on Thursday - US markets end flat; ADRs in green - Trading indicates fresh declines in near future - Wockhardt advances on getting US FDA nod - Bilcare weakens despite GDR issue The Sensex has recovered from the day"s low but is now flat at 17,621. The Nifty is unchanged at 5,262. The US markets have not been able to take any specific direction and ended flat for the third day. Asian markets have maanged to gain. Nikkei hit a 15-month high on exports. Hang Seng has also moved up 69 points in morning trades. Sun Pharma has gained 1.2% at Rs 1,561. NTPC has added 1% to Rs 231 on a follow-on public offer (FPO). DLF, Tata Motors and Larsen & Toubro have also advanced around 1% in trades. On the other hand, Infosys has slipped 1% to Rs 2,501. Hindalco has dropped marginally to Rs 173.


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The Congress’ ‘outside supporter,’ Samajwadi Party (SP), joined the Left protest against the disinvestment policy of the UPA government in the Lok Sabha. The Congress-led UPA also showed aggression. Finance Minister Pranab Mukherjee told CPI(M) leader Basudeb Acharya, “Thank god we didn’t follow your policies. Otherwise, we would have occupied your position instead of leading the country today.” The Congress secured a record 206 seats in the 15th Lok Sabha while the CPI(M) recorded its lowest ever tally of just 16 seats.
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