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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

Guwahati: On Wednesday, Tarun Gogoi, Assam’s Chief Minister requested to the separatist ULFA and other insurgent outfits to disown hostility and come to the compromise desk.

While speaking at the Independence Day function in the Judges Field, Mr. Gogoi alleged, “Violence does not solve any problem. Only valuable human life and property are lost pushing Assam to a dark era.”

New Delhi: International Finance Corporation (IFC) will provide $150 million as loan to publicly owned Petronet LNG Ltd (PLL) to construct a liquefied natural gas (LNG) import and regassification workstation in South India.

Mumbai: Rupee is likely to jump down on Thursday, terrified of capital outflows as regenerated concerns about a worldwide credit squeeze beat Asian stock markets.