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Recently, the Insurance Regulatory and Development Authority (IRDA), which is the insurance regulator, came up with a string of measures as far as ULIP products are concerned. Since then, there have been concerns about mis-selling in ULIP.
Biopac India Corporation gained 9.99% or 1.63 to end at Rs 17.94. It touched an intraday high of Rs 17.94 and an intraday low of Rs 17.01. There were pending buy orders of 10,531 shares, with no sellers available. The total traded volumes were of 301,900 shares. The stock added 88.05% in last 15 days.
ICICI Prudential FMCG Fund has announced a dividend, for which the record date has been fixed as March 29, 2011.
Indian equity benchmarks surged to a 2-month high closing on Friday, wrong footing traders yet again and flummoxing investors, many who are still betting on a near term downtrend in share prices.
JPMorgan raised oil price forecasts for 2011 as a protracted outage in Libya and the run-up to summer demand require additional supplies from the Organization of the Petroleum Exporting Countries.
Indian equity benchmarks rallied sharply this week and snapped two-week losing streak. The 30-share Sensex closed at 18,815.64, up 936.83 points or 5.24% over its previous week closing value.
China's gross domestic product (GDP) accounted for 9.5% of the global total in 2010, almost twice as much as five years earlier, the Chinese government said today.
Power Finance Corporation touched an intraday high of Rs 245 and an intraday low of Rs 234.55. At 15:23 hrs the share was quoting at Rs 243.60, up Rs 10.40, or 4.46%.
Half Yearly Report on Management of Foreign Exchange Reserves
ICICI Prudential Discovery Fund has announced a dividend, for which the record date has been fixed as March 30, 2011.
In an interview with CNBC-TV18, Deepak Dheer MD of Mahindra Forgings citing the company's outlook said, "Our European recovery has been better than expected. We are looking forward to a very good result from the German plant."
India's local oil product sales in February rose an annual 3.5%, slower than the previous month, official data showed on Friday, but is likely to pick up next month as polls in some states are seen spurring demand.
Equity benchmarks extended gains in the afternoon trade - the Sensex added around 450 points and the Nifty was just shy of 5650 level at 14:48 hours. About 45 stocks out of Nifty 50 were in green.
Cox & Kings touched an intraday high of Rs 437.85 and an intraday low of Rs 390.15. At 14:40 hrs the share was quoting at Rs 429.40, up Rs 41.80, or 10.78%.
Thomas Cook touched an intraday high of Rs 52.95 and an intraday low of Rs 44.25. At 14:38 hrs the share was quoting at Rs 52.95, up Rs 8.80, or 19.93%.
Shares of Mundra Port and Special Economic Zone (MPSEZ) rose over 3% to Rs 137, and analysts say it could have to do with the company’s foray in the eastern coast of the country.
ICICI Bank has continued to rise. It touched an intraday high of Rs 1,088 and an intraday low of Rs 1,059.10. At 14:31 hrs the share was quoting at Rs 1,086.50, up Rs 33.65, or 3.20%.
Leading automobile company Tata Motors today became the first Indian company producing one lakh commercial vehicles in a financial year
Koutons Retail India was locked at 10% upper circuit. It touched an intraday high of Rs 33.15 and an intraday low of Rs 30.10. At 14:23 hrs the share was quoting at Rs 33.15, up Rs 3.
There are times when you want to invest but looking at all the factors around you, you are put off. This is one such time. Equity is down 10% year to date but up by close to 3% from pre budget lows, with the Sensex at current levels of 18000 up from levels of 17500 seen in February 2011.
Firstcall Research is bullish on Novartis India and has recommended buy rating on the stock with a target of Rs 744 in its March 24, 2011 research report.
Foreign Exchange Turnover Data
Acropetal Technologies touched an intraday high of Rs 75.90 and an intraday low of Rs 68.90. At 14:06 hrs the share was quoting at Rs 72.70, down Rs 3.85, or 5.03%.
Axis Bank touched an intraday high of Rs 1,363 and an intraday low of Rs 1,326.90. At 14:03 hrs the share was quoting at Rs 1,358.90, up Rs 42.40, or 3.22%.
DLF was the top gainer on the Nifty. It touched an intraday high of Rs 249.40 and an intraday low of Rs 236.10. At 14:00 hrs the share was quoting at Rs 247.35, up Rs 13.15, or 5.61%.
