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Sensex recovers

10.06 am: Surya Pharmaceutical Ltd has successfully closed the subscription list of issue of GDR of $25 million. The issue was fully subscribed. On NSE, the company's shares were up 1.07  per cent at Rs 273.60.

Wednesday, October 13, 2010

3.30 pm: 
On the back of European markets and gains in US futures, the Sensex surged 469.24 points. The BSE 30-share index touched a high of 20,703.97 from an early low of 20,211.66. Top index gainers were HDFC (4.62 per cent), Wipro (4.57 per cent), TCS (4.51 per cent), JP Associates (4.28 per cent), DLF (3.89 per cent), Hindustan Unilever (3.84 per cent), L&T (3.84 per cent), Hindalco (2.90 per cent) and ACC (2.77 per cent) among others.

3.16 pm:
7Seas Technologies has bagged the 2010 International Stevie Business Award for the third consecutive year. On BSE, the company's shares shot up 10 per cent to Rs 116.60, setting a new high.

2.58 pm: 
Micro Technologies (India) will now provide micro vehicle black box, enhancing the security of AC cab service. The box comes with a unique integration of vehicle tracking system, tariff meter & thermal printer. Shares of the company fell 0.30 per cent on NSE, at Rs 212.65.

2.30 pm:
Indo Count Industries has been awarded the Texprocil Awards for the year 2009-10. The company won the gold for special achievement award in Made-ups category; bronze for highest exports in bed linen / bed sheets / quilts. Indo Count's shares on the NSE were trading 5 per cent higher at Rs 18.95.

1.45 pm: 
KPIT Cummins Infosystems Ltd has completed the merger of German vehicle diagnostics & telematics specialist In2Soft GmbH. The merger is in line with the company's growth strategy to focus on select industries and achieve market leadership. KPIT shares were down nearly 1 per cent on NSE, at Rs 174.95, after rising to Rs 182.30.

1.14 pm: 
The board of directors of Subuthi Finance Ltd will meet on October 21 to consider the financial results for the second quarter ended September 30, declaration of interim dividend, forfeiture of partly-paid shares and issue of bonus shares. The company's shares were trading higher by 5 per cent on BSE, at Rs 178.50.

12.56 pm: 
Excel Crop Care has announced that Crisil has upgraded its rating from 'A-/Stable' to 'A/Stable' for its fund-based bank limits of Rs 150 crore. Revision shave also been made from 'P2+' to 'P1' for its non-fund based bank limits of Rs.50 crores. Shares of the company were up 0.78 per cent at Rs 247 on NSE.

12.36 pm:
Thinksoft Global Services has selected HP to build an Application Testing Centre of Excellence to help its customers reduce software development timelines and life cycle costs. The company's shares were up 0.59 per cent on NSE, at Rs 119.20.

12.05 pm:
Eros International Media Ltd will be releasing Rohit Shetty's Golmaal 3 worldwide this Diwali on November 5, continuing with the hit comic series released in 2006 and the 2008 Golmaal Returns. On NSE, the company's shares were up 0.41 per cent at Rs 184.45.

11:55 am:
The 30-share BSE benchmark Sensex recovers sharply from the initial bout of uncertainty, gaining 293 points or 1.45 per cent to trade at 20,496.64.
 
11.30 am:  The board of Neo Corp International Ltd will meet on October 15 to consider the annual accounts for the financial year 2009-10 and declare dividend, if any. It will also consider allotment of 2,92,898 equity shares of Rs 10 each, at a premium of Rs 58 each. The company's scrip on the BSE were up nearly 4 per cent at Rs 55.

11.15 am: Bilpower Ltd announces that the Scheme of Arrangement for demerger of the company's manufacturing unit at Wada with Bil Energy Systems Ltd, a wholly owned subsidiary of Bilpower, has been sanctioned by the Mumbai High Court. Shares of the company were up nearly 2 per cent on the BSE.

10.30 am: IKF Technologies Ltd has bagged a contract from Vodafone for running their BPO operation. The scope of the contract consists providing services in eastern India. Shares of IKF Tech were up 2 per cent at Rs 4.09.

10.06 am:
Surya Pharmaceutical Ltd has successfully closed the subscription list of issue of GDR of $25 million. The issue was fully subscribed. On NSE, the company's shares were up 1.07  per cent at Rs 273.60.

10.04 am: Anant Raj Industries Ltd has acquired 3,60,000 equity shares (representing 100% of share capital) of Aakarshak Realators Pvt Ltd, making it a wholly owned subsidiary of the company. The total cost including cost of equity shares is Rs.24 crores. Aakarshak Realators owns 9.51 acres of land in Haryana, which is eligible for a Group Housing Project. On NSE, Anant Raj shares were up 0.57  per cent at Rs 149.50.

9.50 am: VA Tech Wabag Ltd listed at Rs 1,500 on the NSE, a premium of Rs 190 or 14.5  per cent to the issue price of Rs 1,310. The stock traded at Rs 1,731.25, higher by 32.16  per cent after touching a high of Rs 1745.65. Total traded quantity was 26,42,017 shares, and turnover Rs 450.48 crore. The company raised Rs 472.39 crore from its initial public offering, made up of fresh issue of 9,54,198 equity shares and offer for sale of 26,53,383 shares. The issue was open between September 22 and 27, and priced at Rs 1230-1310 per share. It was subscribed 36.22 times.

9.38 am: Sensex losers comprised HDFC (-0.66 per cent), NTPC (-0.55 per cent), Larsen & Toubro (-0.53 per cent), HDFC Bank (-0.30 per cent), Cipla (-0.16 per cent) and Hero Honda (-0.13 per cent).

9.35 am: Gainers on the Sensex were Maruti Suzuki (1.74 per cent), Hindalco (1.12 per cent), DLF (1.08 per cent), Tata Power (0.81 per cent), ONGC (0.79 per cent), BHEL (0.75 per cent), Hindustan Unilever (0.72 per cent), Jaiprakash Associates (0.69 per cent), Tata Consultancy Services (0.65 per cent), Jindal Steel (0.60 per cent), Sterlite Industries (0.59 per cent), Reliance Industries (0.52 per cent), among others.

9.31 am: Sensex was trading at 20,219.85, higher by 16.51 points or 0.08 per cent. The BSE sensitive index opened the day at 20,223.45 versus the previous close of 20,203.34. The 30-share index moved between 20,291.08 and 20,211.66, in the half hour of trade.

9.28 am: Nifty was up by 0.05  per cent at 6,094.15. The NSE benchmark opened flat at 6,091.45 against Tuesday's close of 6,090.90. The 50-share index saw a high of 6,120.55 versus a low of 6,089.75.

9.15 am: Indian stocks were marginally higher on Wednesday, on the back of a rebound in Asian markets. All the sector indices were up, with BSE Realty Index outpacing others with a gain of 0.73 per cent.