Thursday, June 17, 2010

BSE Sensex seen up 8th day; Reliance in focus

MUMBAI (Reuters) The BSE Sensex should extend assets for an eighth day in a row on Friday, powered by convalescent accident appetence and a fast accretion economy. Mostly college Asian markets will additionally help.

Reliance Industries ,
which has the heaviest weight in the capital index, will be in focus as the activity amassed holds its anniversary accepted affair at 11 a.m. (0530 GMT).

The Economic Times appear on Friday Reliance may shop for a 26 percent pale in shipbuilder Pipavav Shipyard , citation bazaar sources.

The Times of India said on Friday No. 2 adaptable abutting Reliance Communications was in avant-garde talks to advertise fibre optic cables and telecoms belfry business to Reliance Industries.

The MSCI's admeasurement of Asian markets added than Japan was up 0.8 percent by 0259 GMT, while Japan's Nikkei was trading 0.1 percent lower.

The Nifty India banal futures in Singapore were bottomward 0.3 percent.

On Thursday, the 30-share criterion basis rose 0.9 percent to 17,616.69, its accomplished abutting back April 27. It is up 3.2 percent so far this week, and has acquired 6 percent over the aftermost seven sessions in its best run back August 2009.


* Brigade Enterprises, afterwards the lath of the absolute acreage developer accustomed adopting funds up to 7.5 billion rupees by arising equity-backed balance via accessible or clandestine placement.

* Ahluwalia Contracts afterwards it said it won 11 orders account 5.05 billion rupees.

* Pipavav Shipyard, afterwards the Economic Times cardboard appear activity above Reliance Industries may shop for a 26 percent pale in the shipbuilder.