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Titan Industries rises

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INDIA-STOCKS/

Shares in Titan Industries rose to a lifetime high on Monday. The company announced its quarterly results on January 30 with a net profit of 754.3 million rupees, up nearly 500 percent from a year ago.

Its shares ended 13.6 percent higher at 1,703 rupees with volumes of 0.14 million shares. BSE Consumer Durable Index ended 5.7 percent higher.

The company has given returns of over 19 percent in the current year.

Would you invest in the counter at this point?

Airline stocks face the heat

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Airline stocks failed to bring cheer to the market on Monday after the Federation of Indian Airlines (FIA) called off plans for a one-day strike later this month.SPICEJET/INVESTMENT

Private airline operators had on Friday announced they would suspend operations on August 18 to protest the lack of government relief for the ailing industry.

TCS leads Sensex over 15,000

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The BSE Sensex extended gains on Monday to cross the 15,000 mark as hopes of recovery in corporate earnings boosted confidence worldwide.

The 30-share sensitive index swung from an intra-day low of 14,854 to an intra-day high of 15,209 and closed  446 points higher at 15,191. The fifty-share Nifty ended 2.91 percent higher at 4502.MARKETS-SOUTHASIA-STOCKS/

Sensex pares early losses to climb 1.97 pct

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The Sensex closed nearly 2 percent higher after being down more than 3 percent in early trade.

The benchmark closed 207 points higher at 10,742.34, as short coverings and positive sentiments erased morning losses.

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