Thursday, October 18, 2012

Asian stocks edged up in the early

michael michael kors
Telecom stocks dropped after the Telecom Commission yesterday
recommended that all spectrum given to operators in the 900-
MHz band should be refarmed to the 1,800-MHz band at the time
of renewal of licences, beginning 2014.
The BSE 30-stock index, Sensex, resumed higher at 18,653.60
and moved up further to 18,667.02 on the back of higher Asian
cues.
declined afterwards to a low of 18,588.02, before quoting
18,592.70 at 1025 hrs.
It showed a nominal loss of 18.07 points or 0.10 per cent
from its last close.
The NSE 50-share Nifty also eased by 6 points or 0.11 per
cent to 5,654.25.
Major losers were Bharti Airtel (2.24 pc), Jindal Steel (1.78
pc), Sunpharma (0.92 pc), Wipro (0.75 pc) and Reliance
Industries (0.74 pc).
However, Tata Power firmed up by 2.12 pc, Bajaj Auto 0.64 per
cent, Dr Reddy 0.59 per cent and Tata Motors 0.59 per cent.
Asian stocks edged up in the early trade after the latest
data showed growth rate in China's industrial production and
retail sales accelerated in September 2012.
Key indices in China, Hong Kong, Indonesia, Japan, Singapore
and South Korea were up.India announced the launch of a new
education resourcing programme, Microsoft Ed-vantage, in
response to strong feedback received from academic
institutions in India.