This blog is specially updated for capturing news which drives market. Also this blog includes recommendations for various stocks.
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Sensex up 47% in 2006
Published on 2006-12-30 10:51:00
The market ended calendar 2006 on a strong note, with the Sensex settling at 13,786.91, less than 200 points off its all time closing high of 13,972.03 of 7 December 2006.It rose 46.7% for the calendar year.The S&P CNX Nifty gained 39.8% for the calendar year 2006.Banking, telecom, IT and cement shares hogged the limelight in 2006.After a sharp setback witnessed in May-June 2006 due to fears of rise in US interest rates, the market staged a solid rebound and key indices struck lifetime highs
Titan Industries sparkles
Published on 2006-12-30 10:50:00
Titan Industries jumped 7% to Rs 860 following reports it is betting big on its precision engineering division.4.6 lakh shares changed hands in the counter on BSE.The stock made a strong rebound from lower level recently. From Rs 690.65 on 12 September, the scrip surged 15.6% to Rs 798.95 by 28 December.Titan reportedly expects revenue from precision engineering division to go up to Rs 400 crore in four years from Rs 50 crore this year. Titan’s precision engineering division makes dashboard cl
Lanco Infratech gains on signing MoU for large thermal power project
Published on 2006-12-30 10:50:00
Lanco Infratech rose 1.6% to Rs 254 after the company on Thursday entered into a memorandum of understanding with Jharkhand government for a 2,640 MW coal based power plant.With this, the total capacity of Lanco, both in operation and in process will go up to about 11,000 MW.5.5 lakh shares changed hands in the counter on BSE.The scrip had debuted at Rs 241.40 on 27 November (closing price on BSE on that day) compared to IPO price of Rs 240. It moved between Rs 229 to Rs 266 since then. The IPO
