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Update - 12 Friday 2010
Yesterday's quick updates
Sensex ends up 69.63 pts; Sun Pharma, Sterlite gain
Indian markets continued to rise for the second day on Thursday. The Sensex ended in the positive zone led by Sun Pharmaceutical Industries, Sterlite Industries and Bharti Airtel. IT, teck, banking and consumer durable stocks marginally gained, while auto, FMCG, PSU and metal declined. It traded in a lacluster manner as the market was directionless.
It opened flat with negative bias and continued to trade flat with volatility. In the second half, the index extended gains on the back of buying interest seen in front line stocks to finally close in green after touching a high of 17,215.07 and low of 17,054.28.
On the other hand Nifty sutained the 5,100 mark. Both Sensex and Nifty traded above 1-month high.
The food inflation dropped to 17.81% towards the end of February, but fuel inflation shot up due to a hike in excise and customs duty in the Budget. Food inflation declined by 0.06% points during the week ended February 27 from 17.87% in the previous week.
At the close the BSE Sensex index gained 69.63 (0.41%) at 17,167.96 while the NSE Nifty went up by 17.15 (0.34%) at 5,133.40.
Top gainers in the Sensex index were Sun Pharmaceutical Industries (2.97%), Sterlite Industries (India) (2.12%), Bharti Airtel (1.98%), Wipro (1.73%), ICICI Bank (1.48%), and Tata Consultancy Services (1.31%).
Top losers were Hindustan Unilever (4.21%), Hindalco Industries (1.72%), Reliance Communications (1.17%), ACC (1.08%), Tata Power Company (0.99%), and Hero Honda Motors (0.98%)
Market breadth was negative with 1,070 advances against 1,799 declines.
The shares traded with high volumes - The Cals Refineries with trades of over 23.99 million shares. It was followed by Texmo Pipes and Products (20.38 million), Man Infraconstruction (16.51 million) and Shree Ashtavinayak Cine Vision (6.17 million).

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Stock to watch today for day traders
UCO Bank - UCO Bank ties up with Hyundai Motor India - Bank has signed a pact with Hyundai Motor India for vehicle financing, a company statement said here. ``This tie-up will give us a platform from where different products of our bank can be marketed to prospective buyers of Hyundai Motor India cars throughout the country.
SANGHI INDUSTRIES LIMITED - Sanghi to raise Rs 6.6 bn to expand cement biz - Gujarat-based Sanghi Industries, part of the Rs 45 billion Sanghi Group, plans to raise about Rs 6.6 billion in debt for part-financing an expansion programme that will almost triple its current cement-making capacity. Sanghi, which currently operates a 2.6 million tone cement plant in Kutch.
Torrent pharma - AstraZeneca in supply deal with torrent pharma - Latest pact follows trend of pharma MNCs sourcing products from generic makers here. UK-based drug maker AstraZeneca has entered into a long-term drug supply deal with Ahmedabad-based Torrent Pharmaceuticals. The USD 32.8 billion AstraZeneca, second largest drug company in Britain, becomes the third big multinational innovator in recent times to enter generic supply deals with an Indian company.
Areva T&D - Areva T&D bags Rs 4 bn order for substations - Areva T&D India has been awarded Rs 4 billion contact in India by state utility Uttar Pradesh Power Transmission Corporation (UPPTCL). AREVA will build a 765 KV extra high Voltage (EHV) substations at the Anpara ``D`` thermal power plant in the state of Uttar Pradesh.
Satyam Computers - Satyam bags USD 48 mn contract from KMD - Mahindra Satyam has signed a new four year offshore contract with KMD, one of Denmark`s leading IT companies. KMD, which specialises in the public sector, signed a renewed contract with Mahindra Satyam for the next four years worth approximately USD 48 million ending in December 2013.