MARKET HIGHLIGHTS
• Force Motors soars 20%; sees sales rising 4-times in 5 yrs
• PNB board okays stock split from Rs 10/sh face value to Rs 2
• United Spirits to offload 11.35% stake in Pioneer Distilleries
• JK Tyre hits new high ahead of board meet for stock spilt
• Nifty ended at 8146.30 UP 24.85 points and Sensex at 27206.74 UP
• 116.32 points.
• PSU banks need $37bn in fresh capital to meet Basel III
• Falling crude prices helps India control fiscal deficit

INDIAN MARKETS UPDATES

• Indian ADRs ended mostly lower on Tuesday.
• In the IT space, Infosys was down 0.05 percent at USD 58.87.
• Wipro gained 1.28 percent at USD 11.91.
• In the banking space, ICICI Bank fell 1.46 percent at USD 52.47.
• HDFC Bank shed 0.36 percent at USD 47.70.
• In the other sectors, Tata Motors slipped 4.35 percent at USD 45.49.
• Dr Reddy’s Laboratories added 0.54 percent at USD 52.16.

Market Status

After the deep cuts yesterday, the market has opened on flat note Wednesday. The Sensex is up 24.52 points at 26800 and the Nifty is up 10.30 points at 8027.85. About 622 shares have advanced, 286 shares declined, and 33 shares are unchanged. Wipro, Coal India, ICICI Bank, BHEL and SBI are top gainers while Hindalco, Sesa Sterlite, Dr Reddy's Labs, Tata Motors and Tata Steel are major laggards in the Sensex.

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