In Household products, the Company recently launched Arm & Hammer Laundry Detergent with Oxi Clean stain fighters in both powdered and liquid form.


10:00AM New York, 7:30PM Mumbai - Sensex slightly advanced, India safe from global crisis-IMF.

Market Sentiment

India markets closed flat on Tuesday with the 30-share BSE Sensex marginally surging 0.02% or 2.84 at 18,663.16. The broader based CNX S&P Nifty was up 0.4% or 20.4 to 5,483.90.

The market recovered from the early sell-off but managed to regain early losses. Metal stocks advanced with Jindal Steel & Power Hindalco Industries registering gains. Auto and banking stock fell and healthcare stocks rose.

Market liquidity may improve after Reliance Power refunds investors who failed to get any allocation of shares. The recent volatility in the market may not attract all the investments that will be returned.

Reliance Power raised a record $3 billion in its initial share sale in January. The company has begun refunding excess application money to investors. The initial public offer had received bids for $190 billion.

Of the BSE shares, 1,900 advanced, 887 declined, and 35 stocks remained unchanged. As 16 Sensex index shares advanced, the rest declined.

Daily turnover on the BSE touched 5,301 crore rupees and turnover on the National Stock Exchange was at 12,323 crore rupees.

Gainers and Losers

Reliance Natural Resources was the most active stock on the BSE with a turnover of 330.81 crore rupees. Reliance Communications, Reliance Petroleum, NTPC and Ispat Industries were other stocks on the most active list.

Of the BSE shares, National Aluminium Company shed 1.6% to 413.85 rupees and Sterlite Industries was down 1.4% to 836.3 rupees.

Hero Honda Motors fell 5.6% to 726.8 rupees and Bajaj Auto fell 2.24% to 2,404 rupees. Mahindra & Mahindra slipped 2.2% to 680.55 rupees.

HDFC Bank shed 2.1% to 1,515.1 rupees and the State Bank of India fell 1.9% to 2,228.35 rupees.

Tata Consultancy Services shed 2.7% to 949.45 rupees, Wipro was down 2.1% to 454.3 rupees, and Infosys lost 1.9% to 1,611.25 rupees.

Ranbaxy Laboratories was up 3.8% to 387.25 rupees, Sun Pharmaceuticals gained 1.4% to 1,123.6 rupees, Cipla advanced 1.8% to 202.95 rupees and Dr. Reddy's Laboratories grew 3.1% to 544.45 rupees.

Larsen & Toubro rose 1.3% to 3,855.05 rupees.

Tata Steel rose 1.9% to 817.8 rupees. According to news reports, Tata Steel has lost its bid to buy the rights to iron ore reserves in Liberia to the Johannesburg-based Delta Mining Consolidated Company.

Reliance Group Update