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Banking stocks at 52-week high on hopes of credit growth
The banking stocks continue to rule high on the back of stimulus measures by the Reserve Bank of India that helped revival of economic growth and attraction of foreign funds. Key economic data like the recent Index of Industrial Production (IIP) indicated likely swift recovery of the economy. Factory output at 10.4% in August registered the highest growth rate in 22 months.

'We're open to both organic, inorganic routes for growth'
Chandan Kishore Kant / Mumbai August 07, 2009, 0:05 IST

News of the day

HC recommends regulator to prohibit obscenity on Internet
The Madras High Court has ordered notice on a petition seeking a direction to the centre to appoint a reg-ulatory body to prohibit obscene and pornographic material on the internet and penalise internet service providers (ISPs) and search engine companies for violation of licence conditions.
Online Business

UTV, Sun erase gains, end flat

Sun TV erased all its gains and finally ended in the negative terrain at Rs 333. The counter clocked volumes of 6,969 shares as compared to the two-week daily average traded volumes of 18,919 shares on the BSE UTV Software erased all its gains and ended at Rs 482, down 0.5% from the previous close. The counter clocked volumes of 2,866 shares as compared to the two-week daily average traded volumes of 13,361 shares on the BSE. Jan cement sales in high double-digit _________________________________________________ (Updated at 1037 hrs) UTV is close to partnering with Sun TV Network for a Tamil movie channel. Sun TV opened at Rs 338 and soared to a high of Rs 345. The scrip is now up at Rs 341, up 1% from its previous close. The counter has cloked volumes of 2,885 shares as compared to the two-week daily average traded volumes of 18,919 shares on the BSE. UTV Software opened at Rs 493 and is now at Rs 490, up 1% from its previous close. The counter clocked volumes of 996 shares as compared to the two-week daily average traded volumes of 13,361 shares on the BSE. Sources say the two will form a joint venture under which UTV will dub movies from Hindi, English and other languages.


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