The market continues to maintain its uptrend boosted
majorly by bank and metal stocks. The Sensex is up 165.48 points or 0.6 percent
at 28055.61 and the Nifty is up 64.45 points or 0.8 percent at 8494.15. About
1384 shares have advanced, 418 shares declined, and 100 shares are unchanged.
Tata Steel, Tata Power, Coal India and Maruti Suzuki are
top gainers in the Sensex. Among the losers are M&M and Infosys.
Jet Airways rises 3 percent as it will seek shareholders'
approval next month to raise up to USD 400 million (over Rs 2,500 crore)
through issue of securities on private placement basis. The aviation company
has also puts half of its wide-body fleet on sale to reduce debt and looking to
sell 16 aircrafts, including long-haul ones due to slack demand.
Meanwhile, the rupee fell by 16
paise at 62.98 against the US dollar in early trade today at the Interbank
Foreign Exchange due to appreciation of the Greenback overseas on strong
American housing sales data. Besides, fresh demand for the dollar from
importers weighed on the local currency but a higher opening in the domestic
equity market, limited the rupee's losses, forex dealers said. For More
information please visit this site www.appsmine.org
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