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Quiet day for markets
The Sensex opened at 17,719 and soon touched a high of 17,790 - the highest level in the last 22 months. Weakness in the IT shares however pulled the index into the negative terrain to touch a low of 17,636, down 153 points from the day"s high. The BSE benchmark index kept on swinging zones for the rest of the trading session and finally ended flat at 17,701, up 15 points. The NSE Nifty is at 5,282, up four points.

Delhi bourse set to start mock trading next week
The Delhi Stock Exchange (DSE) plans to start mock trading from Monday, making it the first regional stock exchange to become active after the Securities and Exchange Board of India (Sebi) announced demutualisation norms for stock exchanges. The exchange also planned to launch futures and options trading after six months, said a source.

News of the day

Domestic crude oil production falls 1.2% in H1: CMIE
Domestic crude oil production in India declined by 1.2 per cent in HI of the current fiscal from the same period a year ago due to fall in output by oil exploration and production major-- ONGC, an economic think-tank said in its report.
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Golden Tobacco board to mull Jain's open offer on Dec 1

Golden Tobacco today said its board will meet on December 1 for considering a proposal from Pramod Jain to acquire another 25 per cent stake in the Sanjay Dalmia-promoted company. - IL&FS open offer for 20% in Matyas Infra tomorrow - Bharati to go by Sebi norms on Great Offshore offer - Bharati Shipping, ABG sail ahead on open offer nod - Sanjay Dalmia asked to appear before EOW - Dalmia-owned GHCL postpones board meeting - Pramod Jain sees huge value in Golden Tobacco property "The board of directors of the company will meet on December 1, for taking on record of the open offer for acquisition of 44,02,201 (25 per cent) shares of the company by Pramod Jain and Pranidhi Holdings," Golden Tobacco said in a filing to the Bombay Stock Exchange. On November 13, Pramod Jain, a minority shareholder of the company, had made an open offer to acquire another 25 per cent stake in the Sanjay Dalmia-promoted company, a move that could possibly open a clash for management control. Jain, who holds 6.47 per cent stake in Golden Tobacco had said that by increasing his holdings he intended to prevent the promoters from stripping the company"s assets by taking control of the company.


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