RELIANCE POWER FALLS AS STOCK GOES EX-BONUS

Allahabad Bank To Seek Board Ok For Rights Issue Soon-Cmd
* State-run Allahabad Bank touched a high of 82.70 rupees before retreating to 81.45 rupees, up 0.49 percent, after its chairman told Reuters the bank would seek board approval for a rights issue of shares.

* AIA Engineering Ltd touched a high of 1,611 rupees after the castings maker said its board will consider a stock split on June 4. The stock is trading at 1,579 rupees, up 7.3 percent.

Bse Sensex Opens 0.84 Pct Up
Bse Sensex Provisionally Ends Up 0.6 Pct

Bse: Block Deal In Dabur India 1006091 Shares At Rs 96.50
Bse: Block Deal In Prakash Industries 251751 Shares At Rs 230.90
Bse: Block Deal In Spice Comm 703110 Shares At Rs 59.95
Bse: Block Deal In Steel Authority Of India 1217238 Shares At Rs 157.70

Dabur Pharma Posts Q4 Loss On Non-Oncology Unit Sale

Hang Seng Index Unofficially Closes Up 0.69 Pct

India Government GDP numbers.
  • Fin Min-Confident We Can Gain Mastery Over Inflation
  • Fin Min-No Sign Of Inflation Declining
  • Govt Revises Annual Wpi Inflation For Week Ended March 22 To 7.85 Pct From 7.0 Pct - Govt
  • India's 2007/08 Gdp Growth At 9.0 Pct - Govt
  • India's Annual Wholesale Price Inflation For Week Ended May 17 At 8.1 Pct - Govt
  • Jan-March Farm Sector Output Up 2.9 Pct Yr/Yr - Govt
  • Jan-March Manufacturing Sector Output Up 5.8 Pct Yr/Yr

Lanco Infra Gains After Quarterly Profit Soars

* Lanco Infratech Ltd was up 2 percent at 505 rupees after the developer said consolidated Jan-March net profit jumped to 1.59 billion rupees, from 569 million a year ago.

Lupin Gets Tentative Fda Nod For Topiramate
Nagarjuna Construction Fy08 Consolidated Net At Rs 1.67 Bln

Nsei: Block Deal In Aditya Birla Nuvo 199001 Shares At Rs 1449
Nsei: Block Deal In Tata Consultancy Services 50453 Shares At Rs 1040
Nsei: Block Deal In Titan Industries 50067 Shares At Rs 1157.50
Nsei: Block Deal In United Enterprises 1250000 Shares At Rs 44

Reliance Industries Shares Down 1.72 Pct
Reliance Power Falls As Stock Goes Ex-Bonus

Satyam Expects To Close Deals Valued Around $10-$20 Mln In Middle East, Above $30 Mln In Australia
Satyam Says To Close "A Handful" Of Deals In Asia, Middle East Over Next 3-4 Mths


Sujana Metal Rises On Steel Mills Acquisition extended gains after the company said it had acquired three steel units and will invest a total of 1.80 billion rupees for acquisition and expansion of these plants. The shares are up 6.3 percent at 25.25 rupees.

* Tamil Nadu Newsprint and Papers Ltd was up 3.1 percent to 102.10 rupees after the paper maker posted a 31 percent rise in 2007/08 net profit to 1.13 billion rupees on higher volumes.

Comments