Nifty closes above 5,900 on hopes of favourable FDI vote

	Dated:05 December,2012

Top Headlines Nifty closes above 5,900 on hopes of favourable FDI vote

NSE index rose 0.19%, or 11.25 points, to end at 5,900.50 for the first time since April 13 2011, clearing the psychologically important 5,900 level.

Pantaloon, Trent, Shoppers Stop hit 52-week high ahead of FDI vote

Pantaloon Retail India Ltd closed 3.3% higher at Rs 237.85. The stock rose to its 52-week high of Rs 243.90 in trade today.

Tata Power could turn out to be multibagger: Angel Broking

While there are concerns of coal availability for power plants, Tata Power has been aggressive in acquiring lot of coal assets in Indonesia: Rajen Shah


Views on Stocks/Markets

• Buy Educomp Solutions as it can climb to 162-165: Prakash Gaba

• Buy United Spirits with target of 2122: Deepak Mohoni

• Buy Gujarat Fluorochemicals with target of 358: Ashwani Gujral

IPO/Global Markets Competitors eye Bharti Infratel's IPO

• China shares at 3 months high

• European shares rise

Rupee / Gold

• Rupee rises on FDI hopes

• Gold down Rs 200

• Gold importers book deals

More 'Market' News

• Bharti Infratel IPO: Why investors can wait for company to list

Given the concerns and future prospects, investors having higher risk appetite and longer investment horizon may consider the IPO.

• Infosys, Wipro, TCS shares hit on Cognizant SEC filing

IT shares fell today after Cognizant Technology Solutions hinted at slower growth in 2013.

• Bharti Airtel, Idea Cellular slip on Fitch outlook on telecom sector

Shares of telecom companies such as Bharti Airtel and Idea slipped after Fitch expressed its concerns on the outlook of the telecom sector.

Market Round-up SENSEX 19391.86 43.74 NIFTY 5900.50 11.25 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Maharashtra Scooters Ltd. 465.70 + 19.99 Bedmutha Industries Ltd. 15.45 + 19.77 Nitesh Estates Ltd. 17.30 + 19.72 Todays Writing Instrument 3.95 + 19.70 Moser Baer India Ltd. 7.40 + 19.35 NSE Losers Scrip Price(Rs.) %Change United Breweries Ltd. 884.95 -11.56 Geodesic Ltd. 41.90 -9.99 SEL Manufacturing Company 4.35 -8.42 UB Engineering Ltd. 40.45 -7.12 ADF Foods Ltd. 66.45 -6.47