Stocks watch Feb 7

BSESN down 3.97 percent at 15,885.90 points.

* Thomas Cook (India) Ltd after Thomas Cook Group plc said it was acquiring up to 74.9 percent of the Indian firm as part of a deal with Dubai Financial Group. Thomas Cook Group is buying the stake in Indian firm, 100 percent of Thomas Cook Egypt and licenses for the Thomas Cook brand in 15 Middle East Countries from Dubai Financial. Shares in the Indian firm had risen by the maximum daily limit of 5 percent, but later pared gains to trade 4.4 percent at 88 rupees.


* State Bank of India ICICI Bank Ltd Bank of Baroda , Punjab National Bank to slide and were down 3.5 percent to 6 percent on global credit worries and uncertainity over the financing of $15 billion of loan waivers to farmers by the government.


* Reliance Energy Ltd slumped 6.8 percent to 1,360 rupees, after the company announced a $500 million share buyback, at a lower-than-expected price of up to 1,600 rupees a share.

The stock had closed 3 percent lower on Wednesday. The announcement came after market close on Wednesday and stock markets were shut on Thursday for a holiday.


* Seamec Ltd touched a high of 153 rupees after the offshore oilfield services firm said it has secured a charter contract for one of its vessels, worth about $19 million. The stock is trading at 149.05 rupees, up 0.5 percent.

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