Nifty Regains 6,000 Mark, Sensex Zooms 215 Pts

Tuesday, May 07, 2013 PARL PANEL PUTS A FORK IN ETIHAD-JET DEAL   A Parliamentary Standing Committee has questioned Ministry of Civil Aviation's move of quadrupling bilateral traffic rights with Abu Dhabi, when Indian airlines use only about 65% of the existing entitlements. The increase in bilateral capacity put the premium that Etihad paid (32% to market price in buying stake in Jet Airways) in perspective. The report says that this huge premium could be a backhanded way of obtaining access to the huge Civil Aviation market in India. read more   LEAD STORIES NIFTY REGAINS 6,000 MARK; SENSEX ZOOMS 215 PTS  Sensex closed at 3-month high to end at 19,888.95, Nifty closed at 6,043.55 on back of continued foreign buying,as part of a rally in global equities. read more GLOBAL SHARES NEAR 5-YEAR HIGH ON GROWTH OPTIMISM  World shares hit their strongest in almost 5 years as signals from central banks show they will remain supportive of growth driven markets. read more FOOD BILL STUCK AS PARLIAMENT ADJOURNED AGAIN  BJP says it will not allow passage of any bill, including food security & land acquisition bills till Ashwani Kumar & P.K. Bansal resign. read more TOP STORIES • Second part of Budget session set for washout   • K'taka poll results tomorrow; Cong likely to win?   • India's growth story credible: FinMin to Moody's   • S&P 500 Hits New Highs, Dow Tops 15000   • Oil below $105 as Middle East risk premium fades   • MFs sell shares worth Rs 23K cr(FY13); highest in 12 yrs   • P-Notes investment slips to $27 bn in Mar   • DLF picks banks to sell up to 81 mn shares   • Diageo gets around 4% stake in USL via open offer   • Govt seeks RIL clarification on revised KG-D6 plan   • GSK Pharma Q1 net up 37.52% at Rs 169 cr (YoY)   • Allahabad Bank Q4 net down 68.5% at Rs 126 cr (YoY)   • IIT-JEE Mains 2013 results declared   • Ivan Menezes to replace Paul Walsh as Diageo CEO   • India agrees to China demands to end border standoff   • U.S. Senate passes internet sales tax bill   • HSBC quarterly profit almost doubles to $8.43 bn   • Wal-Mart tops 'Fortune 500' list; Apple in top 10   • Microsoft sells 100 mn Windows 8 licences   • Over 300,000 day-old babies die each year in India   more stories TOP VIDEOS FMCG, Pharma Are Interesting Spaces, Telcom Is Doing Well. I.T. May See Some Action : Atul Suri, Trader & Investor   Nifty May Move Up To January Peak Of 6,100: Laurence Balanco, Asian Tech Research, CLSA   Rupee Should Be Stable For The Next 3-6 Mts Due To Inflows In Equity & Debt: Manish Wadhwan, MD & HD-Interest Rates, HSBC Group   AT A GLANCE BSE 19888.95 +215.31 NSE 6043.55 +72.5 TURNOVER Rs. 147,081 cr BSE CASH Rs. 1,820 cr NSE CASH Rs. 10,637 cr NSE F&O Rs. 118,593 cr BULLION GOLD 26650 -446 SILVER 44357 -811 CRUDE NYMEX 95.18 -0.98 BRENT 105.62 +0.16 FOREX $ / Re 54.135 -0.04 £ / Re 83.845 -0.26 € / Re 70.817 +0.06 EVENTS TO WATCH 8 May Karanakta Election Results SC To Hear All Sahara Cases Hearing On Chit Fund Scam IPL6, Match 50, Sunrisers Hyderabad Vs Chennai Super Kings, Hyderabad 9 May Salman Khurshid To Visit China IPL 6, Match 51, Kings XI Punjab Vs Rajasthan Royals, Mohali IPL 6, Match 52, Pune Warriors Vs Kolkata Knight Riders, Pune

"...its not as if the picture is fully rosy... All we have said is that we know there are problems but we have to take actions in a particular manner and the Government is fully committed to take action so that the problem that we are seeing today are fully addressed." Arvind Mayaram Economic Affairs Secretary "There is no question of participating in the proceedings of Parliament till the two ministers--Bansal and Kumar--resign or are removed...We want the National Food Security Bill and the Land Acquisition Bill to be passed after proper discussion. We will not allow their hasty passage without discussion amid din." Gopinath Munde Deputy Leader of BJP in Lok Sabha "Traders' fight is with the government. People should not get affected by it. Traders should open their shops for the sake of people. They should give an ultimatum to the government." Raj Thackeray Maharashtra Navnirman Sena