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Maruti mulls capacity expansion at Manesar
The country"s largest carmaker, Maruti Suzuki India today said it is considering increasing the production capacity at its Manesar facility, and a decision on this is likely in a day or two.

F&O Outlook: More correction possible in coming days
The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days.

News of the day

ING Life aims 15% growth in new biz premiums
Aiming to break even in the next three years, ING Life is targeting a 15 per cent increase in its new business premiums, a top company official today said.
Management

Sensex ends up 74pts

The Sensex has ended (provisional) at 16,912- up 74 points. The NIfty ended (provisional) up 23 at 5,056. (Updated at 1449 hrs) The Sensex after touching a high of 16,996 is now firm at 16,955, up 78 points. - Bajaj Hind back in black with Rs 69 cr Sep qtr profit - Sensex near day"s high - Markets recover losses; IT index up 1% - Bharti Airtel looks at SAARC region for buyouts - Godrej Consumer get board"s nod to raise Rs 3,000 cr - Sun Pharma up on getting boost in Taro war Markets extend losses in noon trades Asian markets end flat Ruchi Soya Q3 net rises 253% to Rs 40 cr NTPC may miss 3,300 MW capacity addition target in FY"10 Nano City may have foreign partner soon Tata Motors continues to lead the list of gainers among the Sensex-30 stocks, has soared 3% to Rs 710. It is followed by Bharti Airtel and Mahindra & Mahindra, up 2.5% each at Rs 325 and Rs 1,043, respectively. IT stocks like TCS, Wipro and Infosys have added around 2% each at Rs 717, Rs 673 and Rs 2,545, respectively. Jaiprakash Associates is the only major loser on the BSE-benchmark index, down 1% at Rs 219. SBI, Maruti and Hero Honda are down 0.5% each. The market breadth is positive, out of 2,828 shares traded, 1,496 have advanced and 1,247 have declined so far on the BSE. Most of the sectors have recovered like power, banking and oil & gas and are now moving flat. The BSE IT index is the top gainer, up around 2% while the realty index has slipped 1%.


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