Indian Stock Market Movement by last week

The benchmark Nifty maintained it's positive node throughout the week and gained more than 160 points. It settled above 5600 level and closed with a gain of 32 points at 5,640 on Thursday. The Markets are closed on Friday on account of Id-Ul-Fitr. The Nifty stayed above the 5600 mark for first time since January 18, 2008.

The board of directors of Karur Vysya Bank has decided to issue two bonus shares for every five shares held and equity shares on rights basis in the same 2:5 ratio on the post-bonus capital.

Exchanges are likely to start mobile trading from early October. Mobile trading has been cleared by SEBI. According to the NSE, mobile trading will be facilitated on NOW software that the exchange provides to its brokers free. The market data will also be provided free on the brokers' cell phones (and later on to investors' cell phones). It will be done in a similar way as Internet trading is done now, the NSE added.

The shares of Gujarat Pipavav Port closed at Rs 53.85, up 17 per cent over the issue price of Rs 46 on its listing day on Thursday on the NSE. The shares opened at Rs 56.1 and touched a high of Rs 58 and a low of Rs 52.

Regards,
Free Indian Stock Tips Team