NATIONAL Govt hails high growth, bull phase but puts SEBI on alert Government today (Feb 7,2006) attributed the surge in India's key stock market index to over 10,000 points to growing business confidence and strong fundamentals of the economy, which is estimated to clock 8.1 per cent growth in 2005-06.
Sensex ends at 10,082.28 points, up 102 points Maintaining its upward march, Bombay Stock Exchange Sensex today (Feb 7,2006) soared by another 102 points to end above 10K mark at 10,082.28 for the first time in its history, on consistent buying support as the Government projected a higher economic growth of 8.1 per cent for this fiscal.
Ambanis fight over transfer of shares to Kokilaben In the continued battle between the Ambani brothers over transfer of shares of four new companies carved out of Reliance Industries to younger sibling Anil, his group today questioned the delay in transfer of 12 per cent shares to mother Kokilaben by Mukesh group, while admitting that they had by and large received their quota.
GDP growth pegged at 8.1 percent for the yr 06' Government today (Feb 7,2006) projected a higher economic growth of 8.1 per cent for this fiscal from 7.5 per cent in 2004-05, far exceeding expectations of the Finance Ministry and Reserve Bank.
Sensex at new peak of 10,038 points in early trade The benchmark Sensex maintained its upward journey beyond 10,000 points level to set new peak on the Bombay Stock Exchange in early trading today on heavy buying foreign as well as domestic funds.
INTERNATIONAL Oil prices dip in the markets despite Iran fears Oil prices ended slightly lower on world markets as traders appeared to shrug off concerns about an escalation of the crisis over Iran's nuclear energy programme.
