Vishwas Agarwal, technical analyst said, “Market jumped on Friday under the leadership of Reliance Industries and other frontline stocks. BSE Sensex 15,350 is now important level to maintain for possible new highs. Market is in a very strong zone. Improvement of political situation after the government agreed to Left`s demand will strenghten market further.”

Mr. Agarwal has indicated that there is heavy accumulation in 20 F&O securities and anticipates that these stocks will gain in the coming month. He suggested capitalists to go in for all call options to make big profits with least risk.

New Delhi: Prime Minister Manmohan Singh advised the textile business industry to look far-off and invest for the approaching two decades and not for the upcoming season.

Asking them to adapt to the altering situation by abbreviating costs and getting competitive, Manmohan guaranteed them that the administration would take all measures to make sure that real productive segments of the economy are not hurt by rupee appreciation.

New Delhi: For the week ended August 18, 2007, inflation based on the wholesale price index (WPI) descended to 3.94 per cent from 4.10 per cent in the previous week.

Mumbai: The Housing Lender HDFC today announced closure of its first sponsored HDFC International Real Estate Fund (HIREF) at $800 million, which would be invested in FDI-compliant Indian real estate plans.

According to a company release, the fund makes HDFC the biggest player in the realty private equity space in India.

One of the prime international realty pools, the nine-year close-ended fund, which was open only to foreign investors had been privately placed and subscribed by 28 investors.