Sensex closes 190 points up; Nifty reclaims 7600 levels

NEW DELHI: The S&P BSE Sensex rallied as much as 224 points to hit its intraday high of 25,553.44 hit in trade on Monday, led by gains in Infosys, M&M, Tata Motors, HDFC and L&T.

Tracking the momentum, the 50-share Nifty index also closed above its crucial psychological resistance level of 7600, supported by gains in realty, banks, capital goods and auto stocks.

The 30-share index closed at 25,519.24, up 190.10 points or 0.75 per cent. It touched intraday high of 25,553.44 and a low of 25,456.75 in trade today.

The Nifty ended at 7,625.95, up 57.40 points or 0.76 per cent. It touched an intraday high of 7,633.55 and a low of 7,599.75 in trade today.

D-Street highlights @ 3:30 pm

BoI to cut some bulk deposit rates by 10-200 bps from Friday

Dhampur Sugar: Company to suspend operations of all its sugar units in UP

Dhampur Sugar: Suspending ops partly due to unprecedented financial crisis

EARNINGS REPORT: Q1 PAT Rs 10.1 cr, Up 260% YoY VA Tech Price:1384.05 Change: +9.05 Percent Change: +.66%

GAIL Earnings: Q1 PAT Rs 621 cr, Down 23.1% YoY GAIL Price:391.8 Change: -15.8 Percent Change: -3.88%

Govt sends notices on revenue under-reporting to 7 telecom cos

Sources Say: Fin Min confident of over-achieving divestment target

Sources Say: SUUTI has stake in around 250 unlisted cos

Sources Say: Fin Min not keen on diluting SUUTI stake in listed cos

Sources Say: Fin Min asks for valuation of SUUTI stake in unlisted cos



@ 3 pm

Sources Say: Alert: SUUTI holds stake in listed cos like Axis Bk, L&T & ITC

Sources Say: Options like ETF or GDR for SUUTI to be discussed

Sadbhav Engg: Don't expect margins to change drastically for the year

Sadbhav Engg: Expect to see good numbers going ahead on back of orderbook

ET NOW ALERT: 65,000 Shares Trade In A Block Hero MotoCorp Price:2600 Change: +8.25 Percent Change: +.32%

SAIL Earnings: SAIL Q1 Sales Rs 11,195 cr vs Rs 10,106 cr, up 10.7% YoY

Fin Min Sources: In talks with RBI on stringent laws for governance of PSBs

Fin Min Sources: CVC to submit reports to bank boards, fin min officials

Fin Min Sources: May approach CVC to probe PSU bank loan scams

Fin Min Sources: Directed banks to step up internal vigilance

Fin Min Sources: Frauds at Syndicate Bank, IDBI Bank pose bigger systemic risk

Fin Min Sources: CBI probing Syndicate Bank, IDBI Bank for alleged loan fraud

EARNINGS REPORT: Aarti Inds Q1 Sales Rs 725 cr vs Rs 585.8 cr, up 23.7% YoY

IOB has shareholder nod to raise Rs 1200 cr via pvt placement of shrs

IOB hires SBI Cap, ICICI Bk, Axis Bank with 3 others for share sale

@ 2 pm

Oil Ministry Sources: Seeks nod for drilling of appraisal wells after DoC submitte

Oil Min Sources: Seek extension of time for submission of DoC, FDP

Oil Min Sources: 30-32 blocks of ONGC, RIL, Cairn, GSPC, OIL and others to benefit

Oil Min Sources: Circulates cabinet note on easier norms for Exploration & Production

ET NOW ALERT: 72,000 Shares Trade In 2nd Block M&M Price:1302.95 Change: +73.6 Percent Change: +5.99%

ET NOW ALERT: 57,000 Shares Trade In 3rd Block Exide Price:157.75 Change: +.35 Percent Change: +.22%