Sensex extends gains, surges by 142 points ahead of GDP data

Nov 30 2012, 10:01 IST
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The 30-share barometer had gained over 665 points in the three previous session. (Reuters) The 30-share barometer had gained over 665 points in the three previous session. (Reuters)
SummaryThe 30-share barometer had gained over 665 points in the three previous session.

in the festive months of October and November.

* The country's leading automobile company Tata Motors will halt production at its block in Jamshedpur for three days from Thursday, following poor demand.

* Elgi Equipments Ltd, a manufacturer of air compressors and automobile service station equipment, has acquired 100 percent stake in Patton's Inc. The company did not disclose the value of the deal.

RESOURCES

* The Indian government's share sell down in state-run miner NMDC Ltd to raise roughly $1.2 billion is likely to be launched on Dec. 13, three sources with direct knowledge of the situation said on Thursday.

* The Oil Ministry will raise the cap on supply of subsidised cooking gas (LPG) to 9 cylinders per household in a year provided the Finance Ministry agrees to give an additional 30 billion rupees in 2012-13.

* Amidst government directive to PSUs to invest their surplus funds, Coal India Ltd, which is sitting on huge cash-pile, has lined up 500 billion rupees investment plans for the next five years.

* Lanco Infratech's Australian subsidiary Griffin Coal, which supplies coal to Bluewaters Power Station, is likely to gain 150 million Australian dollars (8.7 billion rupees), on revision of fuel prices after the power producing firm is sold

to a Japanese consortium.

POWER/INFRA

* Faced with a double whammy of depleting order inflows and profits, Siemens India plans to cut capital expenditure.

* The defence ministry has initiated a vigilance inquiry into Mumbai-based Mazagon Dock Ltd's move to set up joint ventures with private sector players in the face of allegations that these might be in violation of government guidelines,

ministry sources said.

OTHER FACTORS TO WATCH

* Indian debt/FX factors to watch

* Euro holds below 1-mth high

* Oil up on U.S.budget optimism

* Foreign institutional investor flows

* For closing rates of Indian ADRs

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