Markets continue to trade strong - SpiceJet signs deals with WL Ross
August 11th, 2008
The Indian stock markets continued to trade strong. CNX Nifty is testing the 4600 levels and is at 4600.50 up 1.57%. BSE Sensex is at 15454.96 up 287.14 points or 1.89%
Bankex, Realty sectoral indices are now up over 3% on the BSE. Bank Nifty is up 3.39%. Canara Bank, Kotak Bank, PNB are up over 4%. SBI, Axis, Bank of India, Bank of Baroda, HDFC are all up over 3%
A private indian business news channel is reporting that SpiceJet has signed a definitive agreement with the American investor WL Ross. This will bring in an investment of USD 100 million for the already starving private airliner.
SpiceJet is trading at Rs. 30.40 up by Rs. 1.75. Its peer Deccan Aviation is trading at Rs. 86.20 up by Rs. 2.60
1 U.S. dollar = 41.8602704 Indian rupees
1 U.S. dollar = 109.865964 Japanese yen
1 U.S. dollar = 0.668627975 Euros
Entry Filed under: Equity Markets, Banks & NBFC, Aviation
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