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Sensex ends marginally higher
The 30-share Sensex of The Stock Exchange, Mumbai (BSE) opened the day above the 6,500-mark at 6,504.49 as against Friday's close of 6,499.50 and gained 40.33 points to end the day at 6,539.83. The broader 50-share S&P CNX Nifty of the National Stock Exchange (NSE) moved up by 21.50 points to close at 2,013.90.

The index touched a high and low of 6,549.57 and 6,499.21 during intra-day trades, before closing with a gain of 0.62 percent.

The market breadth was positive with advances at 1,843 outnumbering declines at 650. The total turnover at BSE and NSE was pegged lower at Rs1,897.38 crore and Rs3,358.21 crore, respectively. The low turnover was primarily due to the bank holiday on Monday.

"The rally on Monday was led by tech and oil heavyweights. A fuel price hike will result in increased profits for oil marketing companies. The markets should gain ground in this week due to short-coverings," said an analyst.
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Shoppers Stop IPO opens with a bang
The Shopper's Stop scrip debuted on the bourses today listing at 372 372 on the Bombay Stock Exchange up 56.60 per cent of its issue price of Rs 238. The counter earlier opened at Rs335 on the BSE a 40.9 per cent premium over the issue price. (Mid-Cap Action: Shopper's Stop)

The counter closed at Rs371.60 on the National Stock Exchange. More than 42.20 lakh shares were traded on the BSE.
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TCS again at No.1 M-cap slot among techs
Tata Consultancy Services (TCS) is again numero uno among IT companies in terms of market capitalisation (M-cap) on The Stock Exchange, Mumbai (BSE) having overtaken software bellwether Infosys Technologies.

TCS reached the top with an M-cap of Rs 58,555.21 crore, as compared to Rs 57,779 M-cap of Infosys on May 23.

Earlier TCS was pushed to the second spot by another heavyweight, Infosys Technologies, for a short period.

The top five technology companies according to their M-Cap now are TCS Ltd, Infosys Technologies, Wipro Ltd (Rs 46,995 crore), Satyam Computer (Rs 14,684 crore) and HCL Technologies (Rs 11,149 crore).
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Midcap stocks at new highs
Mumbai: Mid-cap stocks were in the limelight Monday. The CNX Midcap 200 index of the National Stock Exchange (NSE) crossed the 3,000-mark for the third consecutive day on Monday and ended at a new all-time closing high of 2,991.60.

Analysts say the surge is due to the huge interest shown by institutional investors in the mid-cap sector as they have a higher growth potential.

The Mid-cap has been outperforming all other indices of the NSE, including the benchmark 50-share S&P CNX Nifty. The CNX Midcap 200 has gained 4.82 percent in the past one month, compared to 2.18 percent of the Nifty.

Market analysts say that participation of the institutional players in the mid-cap sector has witnessed an upswing in the past few months as the valuations of the mid-cap stocks appear attractive. This has led to a surge in the sector as a whole.
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Uttam Galva to issue FCC bonds
New Delhi: Uttam Galva Steels has announced that would raise $60 million from overseas through issue of Foreign Currency Convertible Bonds or Global Depository Receipts.

The board of directors have approved the offer, issue and allotment of either FCCBs, GDRs, securities representing either equity shares or other offerings of up to an aggregate amount of $60 million, subject to the approval of the shareholders, the company informed the Bombay Stock Exchange.
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