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Surging global prices of basic foodstuffs is raising the risk of another food crisis like the one that hit developing countries in 2007-2008, the head of the UN's Food and Agriculture Organization said on Monday.
Sun TV Network has hiked advertisement rates of Malayalam and Kannada channels, reports CNBC-TV18. It touched an intraday high of Rs 440 and an intraday low of Rs 423.75. At 14:55 hrs the share was quoting at Rs 436, up Rs 12.25, or 2.89%.
Northgate Technologies arm Bharatstudent.com integrates with Facebook, reports CNBC-TV18. It touched an intraday high of Rs 15.25 and an intraday low of Rs 14.60. At 14:51 hrs the share was quoting at Rs 15.25, up Rs 0.70, or 4.81%.
Most international commodities reacted to the unrest in the Middle East nations. The uprising in these nations, led by Libya, Yemen and other neighbouring regions directly or indirectly affected the prices of commodities as prices of crude oil and bullions reached multi-week highs.
Exam season is at its feverish pitch. Like every year, lakhs of students in India are appearing in these exams to undertake higher education in their dream institution.
Franklin Templeton Asset Management has increased its weightage in chemicals, banking & financial services and automotive space, while reduced its exposure in utilities, media & entertainment and engineering & capital goods space.
Opto Circuits India touched an intraday high of Rs 259.35 and an intraday low of Rs 252.05. At 14:39 hrs the share was quoting at Rs 258.40, up Rs 5.50, or 2.17%.
SBI Mutual Funds enhanced its exposure in banking & financial services, information technology and tobacco sectors, while decreased its exposure in engineering & capital goods, pharmaceuticals and utilities sectors.
In the coming fortnight, the rupee may trade in the range of 45.00-45.50 with an upside bias. Higher crude oil prices, coupled with political uncertainty would weigh on the rupee.
Educomp Solutions has bagged Rs 67.9 crore orders from Maharashtra Government, reports CNBC-TV18. It touched an intraday high of Rs 424.65 and an intraday low of Rs 407.80. At 14:35 hrs the share was quoting at Rs 423.50, up Rs 7.60, or 1.83%.
The markets are likely to remain range-bound, in the coming fortnight, on the back of rising crude oil prices. The Nifty has resistance at the 5,650 level and support at the 5,420 level.
Steel Authority of India on Monday said it is continuing a joint feasibility study with Japan's Kobe Steel for a steel plant and a 1,000 megawatt gas-based power plant in north India.
Rising costs of raw material coupled with increased competition may lead to moderation in profitability for Indian Inc in their Jan-March quarter results, said CRISIL Research in a note on Monday.
Indian equity benchmarks were consistently trading higher today with the support from metal, power, healthcare, financial, Anil Dhirubhai Ambani Group and oil & gas (barring ONGC) companies' shares.
Tata Power Company touched an intraday high of Rs 1,247.55 and an intraday low of Rs 1,198. At 13:57 hrs the share was quoting at Rs 1,245, up Rs 40.95, or 3.40%.
The Jai Bhavani Sahakari Bank Limited, Pune - Penalised
GAIL India was among major gainers on the Nifty. It touched an intraday high of Rs 461.25 and an intraday low of Rs 442.90. At 13:55 hrs the share was quoting at Rs 459.70, up Rs 17.30, or 3.91%.
Patel Engineering Company touched an intraday high of Rs 143.35 and an intraday low of Rs 139.50. At 13:51 hrs the share was quoting at Rs 140.75, up Rs 2.60, or 1.88%.
Toyota Kirloskar, a joint venture between Toyota Motor Corp and Kirloskar group, said its operations have not been affected after a massive earthquake and tsunami struck the northeast coast of Japan.
The Daiichi nuclear power plant in Fukushima is built on the shoreline in northeast Japan. So when an 8.9 magnitude earth quake struck on Friday, the tsunami waves it spawned -- as tall as a house and speeding like a jet plane -- washed right over the reactors and put them at risk of a meltdown.
Economic losses in the regions of Japan that were hit by a massive earthquake will reach around 14 trillion yen to 15 trillion yen (USD 171 billion to USD 183 billion) based on information available on Monday, Credit Suisse said in a research note.
Radiation levels at the quake-damaged Fukushima nuclear plant in Japan, which has been hit by a second explosion, are "normal", the UN atomic watchdog IAEA said today.
India's finance minister said on Monday he hopes headline inflation will ease to 7% in March.
Suzlon Energy was the top loser on the Nifty. It touched an intraday high of Rs 48.15 and an intraday low of Rs 44.75. At 13:49 hrs the share was quoting at Rs 46.10, down Rs 1.50, or 3.15% on the NSE. There was a block deal of around 4 crore Suzlon shares at Rs 45.20-45.50 per share, reports CNBC-TV18.
New Delhi entrepreneur Robert Vadra has made a quiet and relatively unheralded entry into the real estate business, includes a tie up with DLF, reported The Economic Times.
