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Sensex opens above 13,000 mark

Mumbai, Mar 1 (UNI) After yesterday's post budget, the BSE Sensex today resumed higher at 13,013.74 against the previous day's close of 12,938.09 on fresh speculative demand from Foreign Institutional Investors(FIIs) and mutual funds.

The market opened firm, as bargain-hunting lifted battered index pivotals. Later, the BSE Sensex was up 122.65 points, at 13,056.27.

It had opened higher, at 13,013.74 and also surged to a high of 13,080.37 during the mid-morning session.

Satyam Computers was the top gainer, up 4.2 per cent to Rs 429.10, on a volume of 1.21 lakh shares.

Maruti Udyog (up 3.25 per cent to Rs 867), Wipro (up 2.88 per cent to Rs 577), and L&T (up 2.45 per cent to Rs 1523.90) were the other gainers.

Index heavyweight Reliance Industries (RIL) was up 0.53 per cent to Rs 1361.75, on a volume of 1.76 lakh shares.

ONGC was the top loser, down 1.53 per cent, to Rs 776.

Indian Bank was trading at Rs 90.80 on NSE in early trade, a discount over the IPO price of Rs 91. The stock debuted at Rs 93.90, which is also its high so far. The Indian Bank scrip also fell to a low of Rs 75. A strong 68.2 lakh shares changed hands in the counter on NSE. Indian Bank had priced its IPO at Rs 91, the upper end of the Rs 77 - Rs 91 price band. The issue had received strong investor response, and had been subscribed over 30 times. The face value per share is Rs 10 and the equity capital is Rs 429.77 crore, brokers added.

UNI

Tata Motors vehicle sales at 53,707, up by 19 per cent

Kolkata, Mar 01 (UNI) Tata Motors, a leading automobile company in India, has reported a total sales of 53,707 vehicles (including exports) in February 2007, a growth of 19 per cent over 45,113 in the corresponding period last year. A company release today said cumulative sales for the company at 5,16,599 and was also growing by 30 per cent. The sales of commercial vehicles during last month in the domestic market was 27,859, an increase of 22 per cent over.....

Anil Sardana appointed as executive director in Tata Power

Kolkata, Mar 01 (UNI) The Tata Power Company Limited today announced the appointment of Anil K Sardana as Executive Director with effect from March one. Prior to this assignment, Mr Sardana was the Managing Director of North Delhi Power Limited(NDPL), an associate company of Tata Power for power distribution in New Delhi. He received the Asian&South Pacific Utilities Associated CEO of the year award 2005 and Asian Power CEO of the year 2006 award announced by the Asian Power journal,.....

HCL, Microsoft to develop IT solutions based on Excel

New Delhi, Mar 1 (UNI) HCL Technologies Ltd and Microsoft will jointly develop and conduct trials of a new range of solutions based on Excel Services. The tools are designed to alleviate the regulatory burden on financial institutions by ensuring greater control and clarity on data, informing risk reporting, derivativesprocessing, performance measurement and collateral management. The two companies did a nine-month combined research project, for which trials have already been completed with three of the world's most well-respected banks. ''We.....
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