Stock Market Updates & News
Sensex opened with a negative gap of 242 points at 12,284 on the back of negative cues from the global markets. Sensex finally ended with a significant loss of 725 points at 11,802. The market breadth was extremely negative, as advance decline ratio pegged at 0.12
Reserve Bank of India cuts the cash reserve ratio (CRR) by 50bps, from 9% to 8.5%
ITC is planning to set up a 14 MW wind energy project in Tamil Nadu, the power from which will be used for the company’s packaging and printing businesses in Chennai. The project has been set up at a cost of Rs.90 crore.
Sadbhav Engineering has been awarded the project worth Rs.54.38 crore for construction of cement concrete pavement and allied works from Surat Muncipal Corporation.
Jaipan Industries has approved the issue of bonus shares in the ratio of one equity share for every two equity shares held and issue of GDRs / ADRs, FCCBs for an aggregate amount up to US$ 25 million.
Aurona Technologies, the gaming division of the Pyramid Saimira Group has won a game art contract from Deep Silver, an Austrian developer and publisher.
Diamond Cables is planning to set up a Power Infrastructure Equipment Park in Vadodara.
Era Infra has secured prestigious contracts worth Rs.785.23 crore during financial year 2008-09.
Vishal Retail has opened three new showrooms, with this the tally of total number of stores of the company has reached 157 stores spreading across an area of 27,44,800 sq.ft.
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