Business

In September, Air India took delivery of its first of the 27 Dreamliners on order.

NSE said Emkay had placed 59 erroneous orders that resulted in multiple trades with an aggregate value of over Rs 6.5 billion.

Trading in the National Stock Exchange's cash market was briefly frozen The 50-share Nifty fell to an intra-day low of 5625 around 10 am.

SBI, the leader of the 17-member consortium, has an exposure of Rs 1,500 crore to Kingfisher Airlines.

India has announced 49 pc FDI in aviation and the government insists the mood in the industry is upbeat.

The government last week took a decision to allow up to 51 per cent FDI in multi-brand retail.

The hike in diesel prices will put an additional burden of Rs 600 crore per annum on Coal India Ltd.

The BSE Midcap Index was up 0.88 per cent and Smallcap rose 0.8 per cent.

HSBC raised its forecast citing the government's recently announced reform moves as well as the Federal Reserve's quantitative easing.

Opting for big-bang reforms, the government last week allowed politically-risky 51 per cent FDI in multi-brand retail.

The first hike in more than 14 months was triggered by a 28 per cent surge in crude oil price.

Vijay Mallya termed the government decision to allow 49 per cent FDI in airlines by foreign carriers as bold and fantastic.

In a major decision signalling reforms, the government on Friday approved divestment in 5 PSUs.

The Sensex rose 2.5 per cent to its highest close since July 26, 2011, gaining for an eighth consecutive session. The 50-share Nifty rose 2.6 per cent.

The government on Thursday hiked diesel prices by a steep Rs 5.62 per litre and restricted the supply of subsidised cooking gas to 6 cylinders per household in a year to fetch an additional Rs 20,300 crore.

After closing above 18,000 mark on Wednesday, the BSE benchmark index opened marginally higher but failed to build on major gains.