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Season of cheer, Sensex soars


Finance minister Pranab Mukherjee on Wednesday said the Indian economy could grow by 8 per cent in 2009-10, aiding an optimistic mood in the equity markets where the benchmark BSE Sensex recorded a handsome 539-point gain in the biggest single-day jump in seven months.

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Sensex soars on opening


Mumbai, Dec 23 - A key Indian equities index rose sharply at opening bell Wednesday and moved up 100 points within minutes of trade.


The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 16,723.96 points and was ruling at 16,792.24 points, up 100.24 points or 0.6 percent from its previous close at 16,692 points, within five minutes of trade.


Around the same time, at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5.012.35 points, against the previous close at 4,985.85 points, a gain of 0.53 percent

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Stock exchanges to open at 9 am from 4th January


Under the instructions of the securities and exchange board of India (SEBI), the two stock exchanges, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to change the opening of the stock markets. The two stock exchanges will open at 9 am, instead of 9:45 am from 4th January, which will be the first trading day of the year 2010.


According to one of the market analyst, the two exchanges are still trying to work out a common decision. Their postponement of the date of early opening to two weeks can’t cool down the protests from the brokers.

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DB Corporation’s IPO to hit primary market on Friday


DB Corporation, the publisher of Dainik Bhaskar newspaper, has decided to launch an IPO on Friday. A total of 18,175,000 shares will be offered, with a face value of Rs. 10 per share.


The company has fixed the price band of the IPO at Rs. 185 to 212 per share. At the higher end of the IPO, the company has expected to get around Rs 385 crore. The IPO has been scheduled to close on 15th December

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