Update 3
Inflation data offers fillip
The market held firm after the latest data showed lower-than- expected rise in inflation. Buying was rampant in PSU banks as also auto stocks because of decent-to-strong sales for the month just gone by.
At 13:00 IST the Sensex was up 110 points at 13,806.Sensex hit 13,835.53 at 11:41 IST, which is a record high for the barometer index.The market-breadth was strong. Against 1,624 shares rising on BSE, 803 declined. A total of 88 shares remained unchanged. Gainers outpaced losers by a ratio of 2:1.The BSE clocked a turnover of Rs 2,330 crore.
Jet Airways signs pact with American Airline
Jet Airways has signed a special code sharing (SPA) agreement with the world`s largest carrier, American Airlines for India-US flights, reports Business Standard.
Travellers from various regions in India will have the convenience of using Jet Airways’ network to reach London and then fly onwards to Chicago and beyond on American Airlines.
This agreement ensures seamless travel to Chicago with one ticket from India, including baggage. This will also boost the sales of both Jet Airways and American Airways. The fleet of American Airlines, including its regional airlines, numbers more than 1,000 aircraft.
American Airlines was also in discussion with Kingfisher Airlines for a possible interline agreement to connect other domestic destinations through the latter`s network.
At present, American Airlines is operating daily trans-atlantic non-stop flights between New Delhi and Chicago, with its B777-200 ER aircraft. American Airlines is actively considering starting non-stop services to Chicago from Bangalore and Mumbai.
Meanwhile, Kingfisher has concluded an extensive interline agreement with Delta Airlines. This agreement would allow Kingfisher Airlines to carry all Delta Airlines passengers arriving into Mumbai to their final destinations in India.
Graphite India firms up as members ratify stock-split
Graphite India rose 1.44% to Rs 302.90, after members approved the sub-division of each equity share of Rs 10 into five of Rs 2 each.It has also been decided that 18 December 2006 will be the record date for the same.The stock has eased from an intra-day high of Rs 309.85 in early trade. As many as 15,407 shares were traded in the counter on BSE.
Stock-split is generally resorted to boost liquidity in the counter. The company’s average yearly volume on BSE is 15,135 shares on a daily basis.The stock witnessed a solid rally in the past few days. From Rs 278.50 on 20 November, it surged to Rs 298.60 on 30 November as buying continued.
The market held firm after the latest data showed lower-than- expected rise in inflation. Buying was rampant in PSU banks as also auto stocks because of decent-to-strong sales for the month just gone by.
At 13:00 IST the Sensex was up 110 points at 13,806.Sensex hit 13,835.53 at 11:41 IST, which is a record high for the barometer index.The market-breadth was strong. Against 1,624 shares rising on BSE, 803 declined. A total of 88 shares remained unchanged. Gainers outpaced losers by a ratio of 2:1.The BSE clocked a turnover of Rs 2,330 crore.
Jet Airways signs pact with American Airline
Jet Airways has signed a special code sharing (SPA) agreement with the world`s largest carrier, American Airlines for India-US flights, reports Business Standard.
Travellers from various regions in India will have the convenience of using Jet Airways’ network to reach London and then fly onwards to Chicago and beyond on American Airlines.
This agreement ensures seamless travel to Chicago with one ticket from India, including baggage. This will also boost the sales of both Jet Airways and American Airways. The fleet of American Airlines, including its regional airlines, numbers more than 1,000 aircraft.
American Airlines was also in discussion with Kingfisher Airlines for a possible interline agreement to connect other domestic destinations through the latter`s network.
At present, American Airlines is operating daily trans-atlantic non-stop flights between New Delhi and Chicago, with its B777-200 ER aircraft. American Airlines is actively considering starting non-stop services to Chicago from Bangalore and Mumbai.
Meanwhile, Kingfisher has concluded an extensive interline agreement with Delta Airlines. This agreement would allow Kingfisher Airlines to carry all Delta Airlines passengers arriving into Mumbai to their final destinations in India.
Graphite India firms up as members ratify stock-split
Graphite India rose 1.44% to Rs 302.90, after members approved the sub-division of each equity share of Rs 10 into five of Rs 2 each.It has also been decided that 18 December 2006 will be the record date for the same.The stock has eased from an intra-day high of Rs 309.85 in early trade. As many as 15,407 shares were traded in the counter on BSE.
Stock-split is generally resorted to boost liquidity in the counter. The company’s average yearly volume on BSE is 15,135 shares on a daily basis.The stock witnessed a solid rally in the past few days. From Rs 278.50 on 20 November, it surged to Rs 298.60 on 30 November as buying continued.
posted by SY at 1:53 PM
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