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LIVE BLOG: Sensex, Nifty plunge to 2011 lows

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The BSE Sensex and Nifty plunged to fresh 2011 lows in Wednesday trade, a day before the expiry of derivatives contracts, amid renewed worries about faltering global growth.

Good day for RIL shares

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Shares in Reliance Industries, India’s top listed firm, gained 4 percent on Friday, helping the benchmark Sensex post gains of more than 250 points.

RIL, which has the highest weight in the Sensex, ended with volumes of 944,021 on BSE.

BSE Power Index gains

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The sun sets behind electric pylons in Allahabad February 22, 2006. REUTERS/Jitendra PrakashPower stocks posted decent gains on Tuesday, sending the power index up 1.15 percent to the top of the sectoral gainers list.

ABB shares topped the index, closing 4.6 percent higher, followed by Siemens which gained 3.7 percent.

Shares in Maruti jump

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bse351Shares in automobile companies rose on Wednesday on hopes of buoyant demand during the September-to-December festive season.

Top car maker Maruti Suzuki rose 3.6 percent after Bank of America-Merrill Lynch upgraded it to buy from underperform.

FMCG index up 1.1 pct

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Commuters walk past the Bombay Stock Exchange (BSE) building in Mumbai May 21, 2010. REUTERS/Rupak De Chowdhuri/FilesShares in FMCG index posted decent gains on Thursday, with stocks like Nestle India gaining 3.7 percent and ending as top gainer in the index.

Ruchi Soy gained 3.15 percent, while Godrej Consumer Products gained 1.8 percent.

Weak day for banking counters

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Commuters walk past the Bombay Stock Exchange (BSE) building in Mumbai May 21, 2010. REUTERS/Rupak De Chowdhuri/FilesThe BSE Banking index ended down 0.5 percent on Tuesday, with stocks such as Union Bank, Canara Bank and Oriental Bank of Commerce slipping more than 3 percent.

Bigger players like ICICI slipped 0.9 percent but SBI bucked the trend and gained 0.8 percent in the session.

Reliance Industries shares gain more than 1 pct

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Shares in Reliance Industries, India’s top listed firm, gained 1.1 percent on Tuesday, helping the benchmark index close marginally up.

Commuters walk past the Bombay Stock Exchange (BSE) building in Mumbai May 21, 2010. REUTERS/Rupak De Chowdhuri/Files The stock, which has the highest weight on the main index, closed at 1,026 rupees.

Infosys shares hit record high

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Shares in Infosys Technologies, India’s second-largest outsourcer, rose as much as nearly 2 percent to a record high of 2,882 rupees on Friday on optimism about quarterly earnings next week.

InfosysThe company unveils its quarterly earnings on June 13. Its earnings are often dubbed as a trendsetter for sectoral peers.

Disappointing start to IPO season

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Oil India Ltd’s ads in newspapers and business glossies may help in building a much-needed tempo before its public offering of shares, but if the disappointing listing price of Adani Power and NHPC is any cue to go by, then the days ahead for costly IPOs may not be worry-free.

nhpcThe energy explorer, which deferred an IPO last year amid the global financial crisis, has lined up a $500-$600 million public offering which will open on September 7 and close on September 10. The price band has been set at 950 to 1,050 rupees a share.

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.

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