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News And Updates

Domestic News
·         Munjals to buy out Honda’s stake for $1 billion - ET
·         Confidence Petroleum bags Rs 36.64 cr order from HPCL .
·         Reliance Communications launches 3G services.
·         Eros International announces Rs 29.5 crore gross worldwide for No Problem in its opening weekend.
·         PNB: has completed the transaction for acquisition of 63.64% stake in JSC Dana Bank Kazakhstan.
·         GMR Infra WOS GMR Power to get a installment of Rs 100 cr in dec 2010  from Tamil Nadu Electricity Board in ref to adjudication of disputes arising out of power purchase agreements.
·         Inflation for the month November wiil be announced today.

Global Updates
In the US markets, stocks started off on a positive note and strengthened throughout much of the session, but gave off gains in the final hour of trading. The sell off prevented the Dow from closing at a 2-year high after it was trading above its November 5 close within the final 10 minutes of the session