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Indian shares may hit record high

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  1. #1
    saniya_mehra
    saniya_mehra is offline Newbie

    Indian shares may hit record high

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    Roman Tarmat Ltd. , ahead of the construction firm's stock market debut on Monday.

    * IFCI Ltd. , after the financial institution swung to a net profit of 2.47 billion rupees in the June quarter, compared with a net loss of 156.1 million rupees last year, and the board's "in-principle" approval to invite bids from strategic investors for a stake in the company.



    * Zenith Infotech Ltd. , after the company said its board would meet on July 14 to consider raising 3 billion rupees in equity or convertibles.

    * Shopper's Stop Ltd. , after the retailer's managing director said the company was planning a rights issue of up to 5 billion rupees ($125 million) to help fund a planned expansion. [ID:nBOM275364].

    FACTORS TO WATCH
    * Indian rupee seen up on capital inflows, cbank eyed
    [INR/]
    * Indian bond yields may drop on easy cash
    [IN/]
    * FOREX-Yen stays weak, hits record low vs euro
    [FRX/]
    * Oil dips as Nigeria tension eases, stays above $75
    [O/R]
    * GLOBAL MARKETS-Stocks rise,Seoul hits record;euro
    strengthens [MARKETS/AS]
    * STOCKS NEWS ASIA-Markets rise, new record high for Seoul
    [STXNEWS/AS]
    * Indexes cap week of gains on jobs data, oil
    [.N]
    * ADRs higher on oil companies, Latin America
    [ADR/]
    * For closing rates of Indian ADRs

    By Saniya Mehra


  2. #2
    priya0710
    priya0710 is offline eTI Iron
    Indian stock market closed on a negative note today. Stocks which outperformed in today's market are : asian paints, ambuja cement, tech mahindra. Good performing stocks helps in earning profitable returns.

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