Dec 04, 2012, 01.05 PM IST
Indian Benchmarks continue to remain a victim of prevailing mood, which in turn remains lackluster in absence of a dominant trigger. At 12.26 hrs IST, the Sensex was up 36.65 points or 0.19% at 19341.97, and the Nifty advanced 11.65 points or 0.20% to trade at 5882.60.
Interestingly, all paper stocks have seen significant gains today following talks of US Based International Paper’s reported interest in West Coast Papers. Market talks suggest that the global paper giant is in negotiation to buy out majority stake of West Coast Papers’ promoters. The company, however, has denied any stake sale. While West Coast Papers surged 5%, Rama Newsprint rose 14.5% and AP Papers gained 3.2 %. The US based firm last year acquired AP Papers Mills.
Piramal Enterprises rose 0.7 % as the company’s subsidiary Decision Resources Group acquired Abacus International, a firm providing evidence-based global market access solutions for leading healthcare companies.
Benchmarks opened sluggish Tuesday, as the market is still trying to digest the huge gains made last week.
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.