Mumbai: Key indices rise dramatically in early trade as banking and metal segments moved up. Real estate shares carried on their upward movement and FMCG appealed buying interest. Worldwide indications were also helpful of the uptrend.
The National Stock Exchange’s Nifty stood at 4568.5, higher by 39 points or 0.87 per cent from its last closure. The Bombay Stock Exchange’s Sensex gained 155 points at 15,769.43.
The major Sensex gainers were ICICI Bank (up 1.83%), Grasim Industries (1.4%), Satyam Computer (1.35%), Dr Reddy's Laboratories (1.32%), Reliance Energy (1.29%) and Tata Motors (1.24%).
Hindustan Unilever was down 0.33 per cent. It was the only laggard in the rally.
New Delhi: Close to the heels of retardation in industrial productivity, the country’s core segment growth is decompressing too, posing more queries over the Indian growth story.
New Delhi-based Fortis group is ready to purchase stakes in Chennai-based Malar Hospitals Ltd.
The group has signed up an agreement with the Chennai-based Malar Hospitals promoters’ to buy 28 per cent of the holdings through International Hospital Ltd - a wholly owned subsidiary of Fortis Healthcare Ltd (FHL) - and Oscar Investments Ltd.
Fortis will also make an open public offer to take over 20 per cent stake from the public. The transaction will mount Fortis’ entry into south India.
of India Ltd (SAIL) 
The benchmark Sensex stretched its previous day's gain and climbed up by more
