January IIP at 6.8% vs 2.1% in December, fastest growth in 7 months

Dated:March 12,2012

Market Round-up SENSEX 17587.67 84.43 NIFTY 5359.55 26.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change United Breweries Ltd. 541.85 + 18.27 UB Engineering Ltd. 50.05 + 12.85 Shriram EPC Ltd. 93.30 + 12.75 GSL Nova Petrochemicals L 2.90 + 11.54 Paramount Communications 2.60 + 10.64 NSE Losers Scrip Price(Rs.) %Change Abhishek Corporation Ltd. 7.70 -9.94 Nagreeka Capital & Infras 18.65 -8.35 Surana Telecom and Power 15.70 -7.92 Thomas Scott (India) Ltd. 23.45 -7.13 Indo Count Industries Ltd 6.05 -6.20 January IIP at 6.8% vs 2.1% in December, fastest growth in 7 months Admitting that the IIP data has surprised analysts positively, Standard Chartered Bank said that it expects the productivity to improve going forward. $50 rise in oil will ensure global recession fear: Walker US recovery faces asignificant hurdle and that is interest rates signal from the central bank which is left close to zero, says Jim Walker, Asianomics. PepsiCo may line up 3 potential successors to Indra Nooyi: Report The report said that Brian Cornell and John Compton, along with Zein Abdalla, may be the top three internal candidates to succeed Nooyi. Most Read Story Are cracks in DLF alone or is real estate sector suffering from strategic mistakes? A comparison of DLF's alleged weak points with 5 competitors that reveals fissures across the sector but confirms that the deepest cracks are in DLF. Most E-mailed Story Lessons from AM Naik; how L&T fumbled the crucial handover By asking Mr Naik to continue as the executive chairman, the board has signalled its lack of preparedness for a change which is inevitable for anyone. Most Commented Story How India compares with China in military prowess China has said its military spending will cross the $100-billion mark for the first time this year. What does this mean for India? Latest Updates Long term investors should remain invested in CIL Need to see Feb IIP data for conclusion: Montek Personal cloud will replace PC by 2014: Gartner VW says technology costs to limit profits in 2012