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Stock Markets

The Bombay Stock Exchange benchmark Sensex closed higher by 184.17 points, or 0.93 per cent, at 20,045.18 - its best finish since January 15, 2008, when the index settled at 20,251.09.

 
 
The initial share-sale offering of the company has garnered good demand from institutional investors and was oversubscribed 3.72 times on the third day of the issue.
At 1.01 pm, the BSE benchmark was down 39.57 points, or 0.20 per cent, at 19,902.15, while the NSE index Nifty was down 22.70 points, at 5,968.30.
While the issue of Eros International was oversubscribed 25.76 times, Career Point Infosystems went for 46.82 times and Microsec Financial Services' for 12 times.
The finance minister said despite knowing well how unpredictable the markets could get, he was happy they were trading at such high figures.
Eight companies are looking to raise around Rs 3,000 crore through public offers, in addition to three already underway - the busiest for the market in 15 years.
The new bourse for currency derivatives was inaugurated on Monday by RBI Deputy Governor Shyamala Gopinath and Sebi Chairman C B Bhave.
Foreign fund houses have invested over Rs 71,000 crore so far this year and analysts believe that soon it will breach the record figure achieved in 2009.
 
 

The market regulator says its final decision is in line with the HC advice.

The 30-share Bombay Stock Exchange barometer lost 59.83 points to close at 19,941.72 points. It touched the day's high of 20,105.54 and a low of 19,804.02.
Leading stock brokers, including Angel Broking, Motilal Oswal Securities and BCB Brokerage, started providing mobile-based trading facility to its clients.
The barometer closed at 20,001.55, up 95.45 points - its best since January 15, 2008, when the index ended at 20,251.09 points.
The 30-share barometer closed 311.35 points higher, at 19,906.10, the highest since January 2008. The index had risen 4.2 per cent in the previous week.
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