Market extends gain as auto, commodity stocks shine.
The Bombay Stock Exchange Sensitive Index rose for a fourth day on Monday, extending May’s biggest monthly surge in 17 years, led by commodity producers and auto makers.The S&P CNX Nifty has closed above the 4,500 levels while June futures remain at a premium to the spot, an indication that the current uptrend will continue.
Oil soars above $68 to seven-month high.
Gold climbs above $985 as dollar falls.
Re sees strongest gain in 6 months.
Yields dip from seven-week high on borrowing status quo.
Exports dip for seventh month.
GM files for bankruptcy, urges quick action.
Indian IT majors like Tata Consultancy Services (TCS), Wipro and Satyam Computer Services — which have running multi-million dollar deals with General Motors (GM) which is filing for bankruptcy — are likely to face a short-term impact since any loss of business in these slowing economic conditions is a setback.
Dow gets shake-up as GM, Citi kicked out of average.US stocks rally despite General Motors bankruptcy filing.
Gems, jewellery exporters urge relaxation in SEZs.
Pantaloon Retail arm close to equity deal with Carrefour.
Govt eyes public offer for Nacil.
Hostile takeover of Great Offshore possible: Analysts.
Tata to set up Rs 1,000 crore helicopter unit in Hyderabad SEZ.
BSNL may be listed: Raja.
Air India public issue may be considered soon: Patel.
Tele subscriber growth drops 26% in April.
SIngapore Nifty is seen trading at 4567.5 up by 18 points at 9.20 AM IST.
