Market News April 5th

Today also bull market continues...as the sensex gained 102 points at the close.Cipla was the major gainer. It is mainly because of the bonus issue the record date has been announced as April 25.Also it raised the FII holding.Cadila’s distribution deal with French company helped the stock to move to 3.5%. Infosys board decided to meet on April 14 the to consider the results. M&M financials decided to float $200 million through FCCB issue.Indoco remedies start production in Himachal unit. Kalpataru Power jumped 11.10% to Rs 2,044.70 on announcement of 17 April as the record date for issuing bonus shares. It announced 1:1 bonus recently. L&T went up to 3% to Rs 2,604 after the company won a road project worth Rs 550 crore.Sasken communication technologies announced the acquisition of Chennai based integrated softtech solutions.Indian Hotels Co. Ltd. has signed a 10-year management contract with Dubai-based property developer ETA Star for a luxury hotel and residential apartment complex in Dubai.

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