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Bharat Heavy Electricals (BHEL) climbed up 3.42% to Rs 1771 on reports that it gained Rs 2900-crore agreement for constructing three 500-megawatt units in northern India.

In the meantime, the BSE Sensex was up 175.78 to 15,483.76 chasing firm international markets. Asian stocks also jumped accompanying a third session of gains on Wall Street, as troubles about worldwide credit problems continued to relieve.

Bangalore: ISRO chief said that next year India’s space group will instigate a special platform to put into space small satellites fulfilling the requirements of rising countries and the domestic technical community.

ISRO chairman, G Madhavan Nair said that the Indian Space Research Organisation (ISRO) is building up a 100-kg “satellite bus” as demand has picked up for establishing nano-satellites.

In a fight to put control over trading action, bears took over from bulls on Thursday. Growth of existing bearish response on Friday is likely to append their stocks in their support. In contrast, optimistic sentiment on Friday is expected to modify the existing reaction.

The leading tradable stocks on NSE Nifty suffer a slight reshuffle in its succession and factors. RIL recovered the top slot and pushes Infosys to the fourth place. ICICI Bank climbed one position to second and BHEL registered its name on the third place. SBI and RCom exchanged their locations.

New Delhi: Supreme Court agreed to take up on Friday the bail plea of Aziz Ahmed Mohammad Shaikh, who is convicted for 5 years under TADA. Court assures that there won’t be any discrimination in dealing with the Mumbai bomb blasts accused.     

A three-member bench headed by Justice B N Aggarwal gave the assurance after Ahmed’s counsel fighting Sanjay Dutt’s case appealed that no discrimination can be showed in granting bail to accused persons.

Oil and gas futures fell on Wednesday after a governmental announcement displayed an unforeseen slump in refinery action and big declines in oil and gasoline stocks. Oil and gas futures jumped at once after the report’s release, and then traded volatile for the whole day.

For next monthe delivery, light, sweet crude delivery descended 27 cents to USD 72.15 per barrel on the NYMEX, and the gasoline came down 0.65 cent to USD 1.9377 each gallon.

It was a feeble day for the stock markets followed by instability and indecision due to sub prime mortgage concerns.

Sensex lost 207.83 points at 15100.15, while the Nifty ended 58.90 points down at 4403.20.

Rahul Mohindar of Viratechindia.com is optimistic on IDBI

The Industrial Development Bank of India Limited (IDBI) is one of India's top public sector banks. It was founded in 1964 by an Act of Parliament as a wholly owned subsidiary of the RBI to offer credit and other facilities for the growth of the fledgling Indian business.