United Spirits tanks 17% on Diageo deal uncertainty






Dated:29 October,2012



Top Headlines
Sensex erases gains, ends 10 pts up ahead of RBI policy meet

Sensex erased most of its early gains to close 10 points up amid the government unveiling a five-year road map for fiscal consolidation.

India will dominate, no other market can compete: Shankar Sharma

I do not see any other country competing with India forget the stock market. The big call is that India will dominate, says Sharma.

United Spirits tanks 17% on Diageo deal uncertainty

United Spirits dropped over 17% in trade today after media reports quoting Mallya stated that he has not reached a deal to sell a stake to Diageo.


Views on Stocks/Markets
  • Brokerages maintain 'buy' on ICICI Bank
  • Bullish on RIL, Moily's entry a big positive: Microsec
  • Credit Suisse upgrades Wipro ahead of Q2 earnings
IPO/Global Markets
  • World stocks down

  • China shares at 1 mth-low
  • Demands rise for US junk bonds

Rupee / Gold
  • Rupee falls, ends at 54.08
  • Gold futures rise by Rs 51
  • Gold gains Rs 125

More 'Market' News
  • United Breweries bounces back from lows, hits 52-week high
United Breweries bounced back from its lows to hit its 52-week high of Rs 792 after Citigroup said it could be the next to get added in the MSCI India index.
  • Jefferies downgrades Hindustan Unilever

Jefferies downgrades HUL to 'underperform' from 'hold' saying the recent growth in revenue would prove "unsustainable".
  • BHEL tanks 6% on order book concerns, analysts turn cautious

Shares BHEL came under pressure and dropped over 6 per cent after it reported below-estimates net profit for the September quarter.

Market Round-up
SENSEX 18635.82 10.48
NIFTY 5665.60 1.30
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14
NSE Gainers
Scrip Price(Rs.) %Change

Eurotex Industries & Expo
19.60 + 18.79

Keynote Corporate Service
38.50 + 17.02

BPL Ltd.
21.40 + 13.23

Vinati Organics Ltd.
126.45 + 11.75

Bartronics India Ltd.
25.80 + 11.21
NSE Losers
Scrip Price(Rs.) %Change

Orissa Minerals Developme
4,450.80 -90.41

Talwalkars Better Value F
193.05 -11.53

Venky's (India) Ltd.
522.40 -10.53

Geometric Ltd.
101.20 -10.40

Impex Ferro Tech Ltd.
5.60 -9.68



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