Money on the markets

A maturing market amid the mayhem

JP Associates rises on unit IPO price band


Shares in JP Associates ended 6.2 percent higher at 159 rupees with volumes of 2.7 million.

The stock was the top performer of the day and also among the top traded counters.

Jaypee Infratech has set a price band of 102-117 rupees per share for its initial public offer, aimed at raising up to 23.5 billion rupees ($530 million).

The offer comprises fresh issue of shares to raise 16.5 million rupees, as well as sale of 60 million shares by parent construction firm Jaiprakash Associates.

Sensex gains over 400 points, ICICI jumps


INDIA-STOCKS/The stock market bounced back smartly today, gaining over 400 points to recover all of yesterday’s losses.

Short covering ahead of the derivatives expiry today helped the benchmark’s rise as it closed at 11,403.

Sensex ends marginally higher, ICICI jumps


MARKETS-SOUTHASIA-STOCKS/The stock market seesawed throughout trade today and ended marginally higher at 11,372, as investors covered short positions ahead of the monthly derivatives expiry.

The benchmark had risen over 1 pct during trade, but was unable to sustain it and closed just 42 points higher.