Markets Weekahead
Too good to last much longer
The markets have run up too fast too soon to sustain without a healthy correction. In the near term, global markets cues, FII activities and rupee movement remain the key, writes Ambareesh Baliga. Full Article
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India Hot Stocks:Jet Airways down on simulated strike
(Adds Jet Airways)
MUMBAI, Sept 8 (Reuters) - The following stocks were on the move at the BSE on Tuesday.
At 10:38 a.m., the benchmark 30-share BSE index .BSESN was up 0.32 percent at 16,067.41 points.
The 50-share National Stock Exchange Index .NSEI was up 0.27 percent at 4,795.95 points.
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* Jet Airways Ltd (JET.BO) fell as much as 13 percent to 221.8 rupees after the airline said its pilots resorted to a simulated strike, hurting operations.
Shares pared losses and were trading at 249.5 rupees, down 2.25 percent.
(10.37 a.m.)
(nandita.bose@thomsonreuters.com)
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* Gujarat NRE Coke Ltd (GJNC.BO) rose as much as 7.17 percent to 60.5 rupees after the firm said its board will meet on Sept. 19 to consider a bonus issue of 'B' class shares.
Shares were up 4.16 percent to 58.8 rupees.
(10.06 a.m.)
(nandita.bose@thomsonreuters.com)
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* Shares in Cholamandalam DBS Finance (CHLA.BO) hit its upper limit in opening trade on Tuesday after Reuters reported the financial services unit of India's Larsen & Toubro Ltd (LART.BO) is in talks to buy the firm's domestic mutual fund operation, traders said.
Shares were up 9.94 percent to 69.65 rupees.
(10.00 a.m.)
(nandita.bose@thomsonsonreuters.com)
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