Idea Cellular gets relief from paying Rs 250-crore penalty; stock up

	Dated:06 July,2011

Market Round-up SENSEX 18726.97 -17.59 NIFTY 5625.45 -6.65 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Alembic Ltd. 22.65 + 20.16 MPS Ltd. 44.55 + 19.60 Ashapura Minechem Ltd. 22.90 + 15.95 Nesco Ltd. 652.45 + 15.48 Bhartiya International Lt 63.75 + 14.45 NSE Losers Scrip Price(Rs.) %Change Patel Integrated Logistic 30.00 -6.54 Kothari Petrochemicals Lt 7.60 -6.17 Harita Seating Systems Lt 77.85 -5.18 Centum Electronics Ltd. 91.00 -5.16 Kothari Sugars & Chemical 6.60 -5.04

Top Headlines Sensex ends flat; banks, pharma, FMCG down Indian markets ended listless session on flat note in absence of investors at higher levels and lack of cues for direction. Indian markets valuation still not cheap: Kotak Institutional Equities Our view is that interest rate and inflation will start to peak out in next three-four months, but will probably remain at elevated levels. FIIs infuse Rs 17,000 cr in stocks, bonds in first half of 2011 Investors were more bullish on debt market, making a net investment of Rs 9,948 cr, while their investment in stocks stood at Rs 2,670.4 cr. Views on Stocks/Markets Short sell banking stocks: Ashwani Gujral S Kumars is an excellent investment buy: Sudarshan Sukhani Buy Mphasis & Tech Mahindra on dips: Sudarshan Sukhani IPO/Global Markets World stocks lower Asian shares weighed ICPL will raise Rs 600 cr Rupee / Gold Gold slips Gold at Rs 21,974 Re ends at 44.4750/4850 More 'Market' News Goodyear India up on delisting buzz Shares in tyre manufacturer Goodyear India rose over 6.5 percent on market talk the company is in advanced stage of delisting at Rs 525 per share, several traders said. Idea Cellular gets relief from paying Rs 250-crore penalty; stock up Idea Cellular got a breather from hefty fine after a telecom tribunal restrained DoT from imposing penalty on Aditya Birla Group firm. Godrej Consumer rises on report it may end Hershey venture Shares of Godrej Consumer Products Ltd settled higher amid a report that products maker may end its JV with Hershey.