Sensex gains 324 points on Monday trade
October 10th, 2011
The SENSEX closed at 16557.23 gaining 324.69 (2.00%). The Nifty is close to 5k levels but couldn’t breach the mark and closed the day at 4979.60 gaining 91.55 (1.87%). The CNX Midcap closed at 6986.90 adding 92.75 points (1.35%). The BSE Smallcap ended 6786.96 adding 65.41 points (0.97%).
The Draft National Telecom Policy 2011 was released today by Telecom Minister Kapil Sibal. Highlights of the draft includes a ‘One nation one licence’ which means that there will no roaming charges. Also on cards is broadband on demand, convergence of svervices will cover voice, data, video, internet, VAS. The policy aims to have 100% tele density by 2020 and to promote Made-in-India telecom hardware. The final version of the policy is expected to be released in December.
BHEL has bagged an order for Rs 4,071 crore from Singareni Collieries. The script was up 2.29% at Rs. 332.50 gaining Rs. 7.45 amidst a volume of 1.57m shares traded today.
Tata Coffee is likely to announce a JV with Starbucks in 2 weeks. The script zoomed 10.57% and closed at Rs. 889.00 up Rs. 84.95.
Entry Filed under: Equity Markets, Closing Bell, Tea & Coffee, Engineering
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