Selective Rally

Infrastructure stocks were in demand. Noida Toll Bridge jumped 17% and IDFC was up 11%

Gainers: Steel stocks got a fillip on rising demand from the construction and automobile sectors. Jindal Steel & Power Ltd surged 20%. BEML and Noida Toll Bridge Co Ltd soared 17% each as infrastructure companies continued to attract investor interest. Larsen & Toubro (L&T) has sold its entire stake of...

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  • Steady Rise

    Sugar stocks surged on fears of global output decline. Wipro and Infosys rose on expectations of more outsourcing business

    Gainers: Global sugar output is feared to go down resulting in a spurt in sugar prices. Balrampur Chini Mills gained 22%. Shree Renuka Sugars was up 18%. Wipro BPO, an arm of Wipro Technologies, is discussing outsourcing contracts with some of the Fortune 500 companies....

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  • A Mixed Bag

     LIC Housing surged 13% and Crisil was up 12% while Educomp, Sun and Cairn India were up 11% each

    Gainers: LIC Housing Finance surged 13% on reports that the company will raise capital by issuing one crore shares through the qualified institutional placement route. Crisil jumped 12%. Educomp Solutions, Sun Pharmaceuticals and Cairn India gained 11% each. Hero Honda posted a 22.5% increase in...

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