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New Delhi: Yesterday, the Supreme Court disapproved a public interest lawsuit appeal that sought abolition of the proposal of Pratibha Patil for the Presidential seat. The petition wanted Ms. Patil disqualified on the ground that she was facing up a criminal case and was also an undischarged insolvent. Noticing that the court cannot pursue mere accusations, a vacation Bench of Justices Tarun Chatterjee and P.K.

In afternoon trade, IFB Industries beat the upper route of 20% at Rs 27.65 on reporting a 1,143.27% increase in net profit in Q4 March 2007. The final results were declared during the market hours.
During the day, the scrip touched an intraday high of Rs 27.65 and an intraday low of Rs 26. On 3 November, it touched a 52-week high of Rs 29.95 and a 52-week low of Rs 14.50 on 4 April 2007.
The IFB Industries scrip gained 32.47% over the last one month to 29 June 2007 as compared to the Sensex’s return of 0.73%. Over the last one quarter, the company outperformed the market gaining 34.40% as compared to the Sensex’s admiration of 12.07%.

Textile company, Himatsingka Seide came up 4.28% to Rs 122.95 in early trade on adopting 80% stake in US-based Divatex Home Fashions Inc.

The company’s share price hit an intraday peak of Rs 131.80 and an intraday low of Rs 123 during the day. The scrip touched its 52-week high of Rs 150 on 29 January 2007 and a 52-week low of Rs 86 on 24 July 2006.

Today, the BSE Sensex opened healthily at 14,720, continuing its upward trend to touch a record high of 14,790.87. The stocks from banking, auto, and IT led the advances.
On the other hand, Asian markets also opened higher after a rise in the metal and crude prices. The increase was further affected by a report that mulled an upward drift in the constructing activity in USA and Europe.