Market Ends After Shedding 22 Points

Bombay Stock ExchangeThe BSE sensitive index opened up strongly at 15,357.60. It continued to trade strong supported by substantiated buying pressure in index heavyweights. But, the stock index lost its power, lastly sliding into the negative to end the day on a flat note. It touched an intra-day high of 15,440.20 and low of 15,272.46 during the day.

The stocks from cement, IT and pharma led the processions, while auto and banking sectors led the declines.

USFDA Approves Lupin’s Novel Drug

The USFDALupin Pharmaceuticals has approved Lupin’s Abbreviated New Drug Application (ANDA)

Torrent Cables Soars To A 52-Week High On Strong Q1 Results

Torrent CablesTorrent Cables rose 2.47% to Rs 224.20 in afternoon trading after it announ

India Calls For Making ‘Hindi’ Official UN Language

New York: India has asked all UN member states to take prompt and substantial steps for making Hindi, the second most spoken language in the world.

Haneef’s Lawyers To Holdup His Bail Posting

Melbourne: Lawyers for Mohammed Haneef may holdup posting his bail as they plan a plea against Immigration Minister Kevin Andrews' assessment to terminate the Indian doctor's work permit.

ONGC Moves Up 33 Ranks On Fortune Listing

Oil and Natural Gas CorporationNew Delhi: Oil and Natural Gas Corporation (ONGC) lifted 33 notches to 369th position in the newly issued 2007 version of Fortune Global 500 list.

According to the company release, “After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), ONGC has moved up steadily, thanks to its advancing topline.”

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News in Focus

Life Insurance Corporation Share Price Target at Rs 480: Motilal Oswal Financial Services

Motilal Oswal Financial Services has reiterated a Buy rating on Life Insurance Corporation, raising its target price to Rs 480, implying 24% upside from the current market price of Rs 388.

Devyani International Share Price Target at Rs 160: Motilal Oswal Financial Services

Motilal Oswal Financial Services has reiterated a Buy rating on Devyani International, holding its target price at Rs 160, implying 35% upside from the current market price of Rs 118.

Eicher Motors Share Price Target at Rs 9,500: ICICI Securities

ICICI Securities has upgraded Eicher Motors to Buy from Hold, raising its target price to Rs 9,500 from Rs 7,400, implying 22% upside from the current market price of Rs 7,779.

Where Is the iPhone Cheapest in the World? The Global Price Rankings Revealed

The scale of the iPhone's reach is difficult to overstate. Apple now has more than 2.5 billion active devices in use worldwide, with well over 1.5 billion of those being iPhones specifically.

Hyundai Motor India Share Price Target at Rs 2,450: ICICI Securities

ICICI Securities has maintained a Buy rating on Hyundai Motor India, trimming its target price slightly to Rs 2,450 from Rs 2,475, still implying 21% upside from the current market price of Rs 2,01

Swiggy Share Price Target at Rs 520: ICICI Securities Remains Bullish on Food Delivery Major

ICICI Securities has reiterated a Buy rating on Swiggy, maintaining a three-stage DCF-based target price of Rs 520, implying 81% upside from the current market price of Rs 287.