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Highest weekly gain for markets in 17 years

Posted on: May 23rd 2009 in Market News.

Stock indices rose, with the Bombay Stock Exchange Sensitive Index, or the Sensex, posting its highest weekly gain in 17 years.The Sensex closed at 13,887.15 points, up 150.61 points or 1.1 per cent. The S&P CNX Nifty gained 27.60 points, or 0.66 per cent, to close at 4238.50. Over th…

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Will Sensex break 1991 record by rising 35%?

Posted on: May 21st 2009 in Market Outlook.

A clear mandate to the Congress in the 15th Lok Sabha elections saw the Sensex shooting up 17% in a single day, but the next question is will the benchmark index break another record set in 1991, when it soared by 35% in three months after the announcement of results. Incidentally, the C…

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Piramal Life Sciences to invest Rs 200 cr in R&D

Posted on: May 18th 2009 in Stock News.

Piramal Life Sciences, a research and development (R&D) arm of Piramal Group is investing Rs 200 crore in the next two year’s period for its ambitious programme to discover and develop new chemical entitities (NCEs) and Novel Drug Delivery Systems (NDDSs), a top company officia…

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BSE Sensex crosses 14000 mark

Posted on: May 18th 2009 in Market News.

The Bombay Stock Exchange, BSE Sensex, which was halted for two hours, after it hurt the Upper Circuit for the first time in the Indian share market history, has gone up by 2099.21 points and hit another Upper Circuit after the resumption of trading at 11.55 AM. That forced the exchaneg a…

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Markets to open with a big gap up on Monday: Edelweiss

Posted on: May 17th 2009 in Market Outlook.

Equity markets and Indian rupee are expected to start trading with a huge gap tomorrow, financial services provider Edelweiss Securities said in a report today. “Equity markets are likely to open with a big gap up on Monday, as desperation to deploy excess cash (both by DIIs and…

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