Markets on the Rise
BSE Sensex ends above 18,000
The BSE Sensex rose for the third straight session on Wednesday, up 2 percent to its highest level in more than six months, as falling inflation bolstered appetite for shares in interest rate-sensitive sectors such as banks, automobiles and infrastructure. Full Article
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Uttam Galva soars on Arcelor-Mittal plans to hike stake
MUMBAI |
MUMBAI (Reuters) - Shares of Uttam Galva Steel extended gains to more than 16 percent after Arcelor Mittal, the world's biggest steelmaker, said it expects to purchase an additional 4.9 percent stake in the company.
At 11.55 a.m., shares of the company were up 13.58 percent at 120.40 rupees.
(Reporting by Jigar Pathak; Editing by Ramya Venugopal)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters