Announcement: Sundaram Finance has informed BSE that the Board of Directors of the Company at its meeting held on February 27, 2009, inter alia, has declared an Interim Dividend of Rs 4/- per share being 40% for the financial year 2008-09 on the paid-up capital of Rs 55.55 Crore
Announcement: Mayur Uniquoters has informed BSE that a meeting of the Board of Directors of the Company will be held on
Announcement: Bata
Reliance Industreies board will meet on 2 march 2009 to mull RPL merger
TOP NIFTY GAINERS
TATASTEEL was up by 6.16% and closed at 173.10
HDFC was up by 4.86% and closed at 1271
PNB was up by 4.57% and closed at 339
NATIONALUM was up by 3.21% and closed at 209.15
CAIRN was up by 2.75% and closed at 166.45
NIFTY TOP LOSERS
GRASIM was down by 6.16% and closed at 1375
ZEEL was down by 5.49% and closed at 106.75
RANBAXY was down by 4.77% and closed at 161.75
AMBUJACEM Was down by 4.40% and closed at 63
RELCAPITAL was down by 4.30% and closed at 349.50
TOP NIFTY GAINERS
ULTRACEMCO was up by 7.57% and closed at 474
MPHASIS was up by 6.88% and closed at 170.85
MCDOWELL_N was up by 5.95% and closed at 598.75
GMRINFRA was up by5.32% and closed at 79.15
ASHOKLEY was up by 5.16% and closed at 16.30
NIFTY TOP LOSERS
RANBAXY was down by 18.05% and closed at 169.85
PNB was down by 5.04% and closed at 324.20
ICICBANK was down by 4.62% and closed at 324.85
RELCAPITAL Was down by 4.08% and closed at 365.20
BPCL was down by 4.01% and closed at 385.85
Indian stocks markets started on good opening trade on the strong global cues and held their gains through out the day. However the Nifty was enable to cross the 2800 mark and ended at 2762.50 up by 28 points.
The BSE Sensex also ended in green with the gains of 80.50 points closed at 8902.56.
Today’s market rally was mainly on the back of good global cues, as the US markets ended higher and Asian markets also were trading higher. Even the European markets also opened in green.
In today markets share of banks, IT, and auto had good buying support. The auto stocks were up on the hope hat the demand for the CV will get boost after the CV makers announced the rate cut to the tunes of Rs.16000. The rate cut was announced after the government had announced excise duty cut on Tuesday.
Top gainer of the markets today is: M&M up by 7.20% closed at 317.20, Tata Motors ended 6.06% higher closed at 140.10, and NALCO up by 4.18%
Top losers of the markets today is: Ranbaxy down by 3.60%, ABB down by 2.96% and HDFC down by 2.86%
TOP NIFTY GAINERS
M&M was up by 7.13% and closed at 317
TATAMOTORS was up by 6.21% and closed at 140.30
SIEMENS was up by 4.28% and closed at 230.50
NATIONALUM was up by 4.20% and closed at 206.95
RELINFRAwas up by 3.28% and closed at 505.30
NIFTY TOP LOSERS
HDFC was down by 4.47% and closed at 1234
RANBAXY was down by 3.47% and closed at 207.55
ABB was down by 2.89% and closed at 374.50
DLF Was down by 2.62% and closed at 154
LT was down by 2.17% and closed at 610.95
4% across-the-board excise duty cut to be continued beyond 31 March, 2009.
To cut service tax to 10%.
To cut excise duty by additional 2%.
Excise duty on bulk cement to be 8% or Rs 230 per metric tonne, whichever is higher.
- Naptha exempted from customs duty to provide relief to the power sector; extends customs duty in Naptha beyond March 31, 2009.
“The general relaxation in the excise duty rates by 4% was made with effect from 7/12/08 and it is now being extended beyond March 31, 2009. In addition, it has now been decided to reduce the general rate of central excise duty from 10% to 8%,” Mukherjee said, while addressing the Lok Sabha.
The Standard & Poor’s Ratings Services (S&P) has revised the outlook on the long-term sovereign credit rating on the