Indian stock market ended the week lower with BSE Sensex at 17748 and NSE Nifty at 5381. The stock markets have given very positive returns in year 2012 and traders are expecting action in coming days in mid cap and small cap space.

As the BSE Sensex has seen a good bounce, many stocks have touched 52-week high during the last trading session of the previous week.

Cement major ACC touched 52-week high of Rs 1421 on Friday. In FMCG space, Britannia touched 52-week high of Rs 501.

Most technology counters have seen a decent gain in year 2012. With the recent rise in US dollar compared to Indian currency, the earnings reported by most technology companies will see positive impact.

The outlook for next two quarters is stable and with recent jobless data from US, the economic scenario has seen improvement over the past two weeks.

Research team at Prabhudas Lilladher has given an accumulate call for Rolta. The research report gave a target of Rs 90 for the stock.

However, the stock touched an intraday high of Rs 93.8 and managed to close above Rs 90 level on Friday.

Rolta results were little lower than market expectations. The company also witnessed a decline in its order book. The upcoming quarters could be challenging for Rolta.

According to indications, Google might be planning to launch new Google-banded home entertainment devices to take on rival Apple in the segment.

Google might be planning to take on the rumored Apple iTV. Google's own branded home entertainment devices will mostly be based on the Andiron platform. The device could be controlled through a Android powered smartphone or tablet.

Elon Musk led Tesla Motors has showcased its new battery-powered sport-utility vehicle, which is expected to go on sale next year.

The new SUV with gull-wing doors, Model X is claimed to be faster than Porsche AG's 911 sports car and has more space than Audi AG's Q7 SUV. The model will be launched in the market following the debut of the company's Model S sedan.

According to experts, a new version of the most widely used psychiatric manual might result in millions of people coming under the description of persons with mental disorders.

The controversial revision of the 1994 Diagnostic and Statistical Manual of Mental Disorders could add describe people who are eccentric, romantic and lonely, shy, sad as those with mental disorders.

The authorities in the Netherlands have given approval for plans to launch first mobile euthanasia unit, which his scheduled to be launched next month.

The new mobile unit will carry out assisted suicides in borderline cases were doctors have refused to give lethal drugs on ethical grounds. Rob Jonquiere, MD, Communications Director for World Federation of Right to Die Societies said that doctors in the unit will also have to comply with the `due care criteria'.

Analjit Singh, the new non-executive Chairman of the Indian unit of Vodafone has said Indian business is planning to get listed in the country and will soon come out with an Initial Public Offering (IPO).

He said that the company is still considering the decision but the final decision is yet to be taken on the matter.

India's Defense Research Development Organisation (DRDO) has successfully developed an indigenously developed interceptor missile that is designed to destroy enemy ballistic missiles.

The missile was test fired at DRDO's Integrated Test Range (ITR) in Odisha. The test has made the country join only an elite list of countries with such defense capabilities. The scientist first launched a modified Prithvi missile, acting as a hostile target ballistic missile at 10.10am from ITR at Chandipur.

The authorities in Pakistan have expressed concern over delays in removing non-tariff barriers by India, ahead of an important ministerial meeting in the coming week.

The Indian government officials have responded by saying that the delay is only due to procedural reason and the other side's concerns will be addressed. India's Commerce minister Anand Sharma is expected to meet his Pakistani counterpart, Makhdoom Amin Fahim, in Islamabad next week.

Reliance Holdings USA Inc, which is the wholly owned subsidiary of RIL, has been able to raise $1 billion through an issue of bonds, a move that will encourage more Indian firms to follow the route to raise funds through global issue of bonds.

Reliance Industries said in a note that its subsidiary has raised $1 billion by selling 10-year dollar-denominated debt. The move is the largest overseas bond sale by an Indian company in nine months.

The Legrand Group of France has acquired the UPS (uninterrupted power system) business of Numeric Power Systems in a deal worth Rs. 806.44 crore.

Electrical equipment manufacturer, Numeric Power has already entered into an definitive agreement for the sale of its UPS business to Limoges, France-based _3.9 billion firm, Legrand.

India's leading telecom service provider, Reliance Communications (RCom) has recorded a fall of 61.25 per cent in consolidated net profit at Rs 186 crore for the quarter till December 2011.

The company's net profit was recorded at the level of Rs 480 crore in the same quarter in the previous year. The company's total income increased Rs 5,052 crore during the quarter compared to Rs 5,004 crore in the same quarter of the previous year.

According to a new report, amazing might be planning to open its first ever store in the Seattle area, where the company is headquartered.

The report by Good Ereader cited sources closer to the matter and said that Amazon will open up a single store in the Seattle area. The company is planning to launch its store soon in order to tap in the holiday season, according to the report.

According to a new study in Canada, people who use cannabis are at double risk of crashing their cards when they drive compared to those who are not under the influence of drugs.

Researchers found that the risk doubles because cannabis interfered with brain and motor functions that are needed to drive carefully. Researchers at Dalhousie University in Halifax, Canada analyzed nine studies of 50,000 people from around the world who have been in serious accidents.

According to some reports, Google is planning to release a new cloud-based locker service for users in the coming weeks or months. A report in the Wall Street Journal said that the internet giant is developing its service that will compete with the likes of Dropbox and SugarSync. It is now known how much Google might be planning to charge for offering storage spaces above the limit to its customers. Dropbox offers users 2GB of storage facility for free to all users and then it charges $9.99 for 50 GB or $19.99 for 100 GB.

According to estimates, the country's trade deficit might widen this year as impots continue to outgrow exports in recent months.

The country's current account deficit might increase to the level of 3.5% of GDP in the fiscal year. However, India is on target to achieve the target of $300 billion in exports in the year. According to official data, exports from India in the previous year were $246 billion. On the other hand, imports to India continued to out grow exports. The country's trade deficit in the month of January was recorded at $14.7 billion.

Researchers have found in an early study that fasting might be helping in making chemotherapy work better as it makes infection weaker.

The research has been conducted in mice and it is not known if it will have similar results in humans. It is also known if the approach will be safer for humans. According to researchers, the study offers a new approach to develop treatment for cancer.

India’s state-run aviation firm, Air India is increasing the amount of claim to the level of $1 billion against US plane maker Boeing as it delayed the delivery of 787 Dreamliner planes, according to an official of the civil-aviation ministry of India.

The company companies might hold discussions before all 27 Dreamliner planes that have been ordered, are delivered to the airline. The official has asked not to be named in the repot due to the policy and the American firm did not comment on the matter.

India’s leading online retailer, Flipkart has said that it has acquired a smaller firm in the sector, Letsbuy in a cash and stock deal.

The company did not announce the amount for the acquisition. According to estimates, the deal might be worth close to $20 million. Letsbuy offers consumer electronic goods to customers in India. The company was facing problems in raising money and had to enter into a deal with a company to raise money.