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WB's additional $500 mn funds for SSA
With government"s flagship Sarva Siksha Abhiyan (SSA) scheme showing encouraging results in expansion of elementary education, the World Bank has come forward with an offer to provide additional funding of $500 million for the programme.

Nalco's Q2 net erodes 64% at Rs 159 cr
The state-run aluminium major National Aluminium Company (Nalco) has posted 64 per cent erosion in net profit at 159.49 crore in the second quarter ending September 30, 2009 as compared to Rs 444.46 crore in the corresponding quarter last year.

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Engg goods exporters pitch for tax sops, simpler rules
Exporters of engineering goods, which contribute over 40 per cent to the country’s total exports, have urged the central government that incremental exports be exempt from tax for three years, with the base year being 2008-09.
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FII-TO-FII: PNB traded at 6% premium

Trades between FIIs generated a volume of Rs 65 crore on the BSE Thursday-an increase of 82.87% from Rs 35 crore clocked on Wednesday. As many as five stocks witnessed trades of 13 lakh shares on Thursday. - Resistance seen above 5,100 level - Brokers push BSE, NSE back to 9.55 - Government launches incentive scheme for wind energy projects - Sensex little changed; down 19 points - Pantaloon Retail at 52-wk high - FIIs net buy Rs 193cr, DIIs net buy Rs 133cr Punjab National Bank was traded at highest premium of 5.84% on BSE with 24,808 shares changing hands at Rs 950 as against the spot price of Rs 897.55. Scrip FII Close* FII shares# Spot Close@ Premium To spot price % BSE Punjab Nat Bank 950.00 24808 897.55 5.84 Pantaloon Retai 390.00 620468 377.30 3.37 Grasim Ind 2490.85 38497 2423.80 2.77 Bank of Baroda 511.00 350307 498.85 2.44 Bank of India 370.75 295463 369.00 0.47 * FII-Close is the closing price of the scrip under FII-to-FII trades # FII-Shares is the total number of shares traded under the FII-to-FII trades @ Spot close price is the closing price in the cash market Pantaloon Retail (India) was traded at second highest premium of 3.37% on BSE with 6.20 lakh shares changing hands at Rs 390 as against the spot price of Rs 377.30.


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