The market rebounded in early trade Thursday after losing
nearly 700 points on the Sensex in previous three consecutive sessions. The
Sensex rose 165.59 points to 24388.91 and the Nifty climbed 49.65 points to
7411.45.
The Indian rupee gained in the early trade today. It has
opened higher by 22 paise at 67.85 per dollar against 68.07 Wednesday.
Godrej Consumer is in process to buy majority stake in
Kenya-based company Canon Chemicals. This will be an all cash deal where Godrej
will enjoy a 75 percent stake in the profit-making branch. Canon deals in
personal and household care products and has been reporting strong earnings
over the last three years, says Adi Godrej, Chairman, Godrej Group.
Asian markets were trading mixed with the Shanghai, Hang
Seng and Kospi rising over a percent.
Asian
shares rallied on Thursday as speculation the U.S. Federal Reserve might opt to
not raise interest rates at all this year hammered the dollar and sparked a
huge rally in oil prices.www.capitalheight.com/about.php
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