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Sunanda K Datta-Ray: Belching money
Sunanda K Datta-Ray / New Delhi December 05, 2009, 0:48 IST

Gap-down opening for Nifty seen
The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday.

News of the day

Now resume dialogue on Korean denuclearisation: Kerry
Buoyed by the diplomatic success of former US president Bill Clinton in securing the release of two American journalists from North Korea, a top Senator has asked Pyongyang and Washington to now resume dialogue on the denuclearisation of the Korean Peninsula.
International Business

Unity Infraprojects bags orders worth Rs 620.76 cr

Infrastructure major Unity Infraprojects today said its joint venture with Axelia Utility Management Pvt Ltd has bagged two orders totalling Rs 620.76 crore. - Unity Infra to raise Rs 250 cr via QIP; Q4 net at Rs 21 cr The joint venture of the company has received the letter of intent from Municipal Corporation of Greater Mumbai to supply, install and maintain water meters of various sizes, Unity Infraprojects said in a filing to the Bombay Stock Exchange. The meters would be used in eastern and western suburbs of Mumbai, the filing added. Shares of Unity Infraprojects were trading at Rs 383.50 on BSE, up 3.38 per cent from the previous close.


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