Share Market Updates
The market is likely to remain volatile amid worries about the possible recession in US and mixed Asian markets in current trades. The presence of strong bullish sentiment may help the market to turn positive
Few Indian ADRs closed with marginal gains on the US bourses. MTNL gained over 2% while Wipro, Tata Motors, ICICI Bank, HDFC Bank and Rediff gained over 1% each. However, Infosys, Satyam, Dr Reddy's Lab and VSNL shed around 1-2% each
Gainers at the Sensex were NTPC, which rose 7.56% to close at Rs 276.70, followed by Reliance Energy, which rose 6.42% to close at Rs 2517.40 and HUL gained 3.51% to close at Rs 222.95 Other gainers were ONGC, RIL, Reliance Comm and Tata Motors.
Tata Motors plans to assemble its small car in Thailand with an investment of Rs8-9bn
Poor transport links in Bihar are likely to delay NTPC’s plans to expand generating capacity by 1,000MW at Kahalgaon...
