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Coal India IPO subscribed 34%

MUMBAI/KOLKATA: State-run Coal India’s $3.5 billion dollar initial public offering (IPO), the biggest in the history of Corporate India, was subscribed up to 34 per cent on opening day on Monday, even as the company cautioned that the quota set for employees might not get filled.

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Sensex gains 44 pts

MUMBAI: After dropping over 250 points earlier in the day, the benchmark Sensex reversed losses on Monday to close 44 points up in the last hour buying in IT stocks and healthy second quarter numbers, especially by L&T.

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India: strength, weakness, opportunity & threat

By Tensing Rodrigues
On last Wednesday, October 13, the Nifty closed at 6,234 points. It is the highest closing level seen since January 9, 2008. Nifty has closed at a level higher than this only four times in history and the highest closing has been 6,288 on January 8, 2008 - just 54 points higher; and from the all time intraday high, it is just 123 points away.

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