INDIAN STOCK MARKET
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- It was another wonderful day for the Indian market which showed stellar performance and closed with broad gains. Global cues were quite flat but strong domestic cues, like good IIP and inflation data, have kept the upward momentum in our market going. Today too, the largecap stocks outperformed the smallcaps and midcaps and sectors like oil & gas, metals, technology posted good gains. Sensex shut shop at 19502, up 155 points and Nifty at 5860, up 65 points from the previous close.
- Record high price dried up demand for gold in India, the world's biggest consumer, on Wednesday as buyers preferred to postpone purchases.
- Naval Technoplast Industries at its meeting held on August 31, 2010 has declared dividend at Re 0.10 per share for the financial year March 31, 2010
- Equity benchmarks carried on their upmove for the seventh consecutive day on strong inflow from foreign institutional investors the Sensex surged more than 1250 points.
- PINC Research is bullish on Ranbaxy Laboratories and has recommended buy rating on the stock with a target of Rs 792 in its research report.
- Gold futures struck a fresh record high of Rs 19,250 per 10 grams on Wednesday afternoon.
- Europe shares slip as drugmakers fall; Renault up: European shares edged lower, with drugmakers falling as AstraZeneca slipped after news its heart drug Brilinta faces a delay in getting US approval.
- RIL seeks 25 pct hike in gas price
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