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In early trading (10:02 am), Advanta India is quoting at Rs 856, up Rs 65.85, or 8.33%. It is swapping with volume of 7,271 shares.

Yesterday the share gained 1.12% at Rs 790.15 on closing.

During the day, the stock also touched an intraday high of Rs 870 and an intraday low of Rs 800.

Oil prices mounted after the Energy Information Administration report a massive decline in crude oil and gasoline stocks for the week ended Aug. 10, 2007. Crude stocks were depressed by 5.2 million barrels, whereas gasoline stocks came down by 1.1 million barrels.

Additionally, worries over the new weather anticipate that a Tropical Storm Dean could pass over the south of the Gulf of Mexico stimulated oil to climb further.

Hyderabad: Cipla Ltd will produce the primary three-in-one cocktail anti-AIDS medicine used for children. This accompanies the USFDA clearing a combining quantity of Boehringer Ingelheim’s Viramune, GlaxoSmithKline’s Epivir (or lamivudine) and Bristol-Myers Squibb’s Zerit (or stavudine), which are anti-retrovirals or drugs that fight back AIDS.

The commendation came under the US President’s Emergency Plan for AIDS Relief, or Pepfar, a $15 billion, 5-year plan to clash the threat in over 15 countries.

Rohit Mehta, head equities, Dimpi Investments said that yesterday the stock market caught stock specific trends only and closed after losing 16 points. There was no major action in the stock market. But, fertilizer sector did well.

He anticipates market to obtain clues from the international markets in Thursday’s trading session. For the next 10 days, worldwide markets would be directing Indian market motility. He is confident on Nagarjuna Fertilizer for the coming trading session.

Vishal Lakhani, senior dealer, Networth Stock Broking stated that yesterday, the market stayed unconditional, as no major buying was figured. There was no large volume, excepting the power sector companies including Reliance Energy, Tata Power and NTPC.

Mumbai: Reliance Industries Ltd will close down its polyester intermediate mono-ethylene glycol (MEG) manufacturing plant in Kurkumbh, which is 70 km from Pune, and transfer the complete unit to a new place.

According to a company representative, “We will relocate the small standalone unit to a place with better linkage to raw material.”

New Delhi: Prime Minister Manmohan Singh t