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ICRA upgrades ratings for Titan Inds
Titan Industries, the manufacturer of mechanical, digital and quartz watches, jewellery watches etc., has announced that ICRA has upgraded the rating assigned to the Rs 52.83 crore, or 6.75 per cent non-convertible debentures and the Rs 100 crore bond programme of the company to LAA (pronounced as L Double A) from LAA- (pronounced as L Double A Minus) earlier.

Indian telecom space to witness consolidation: Macquarie
The intensifying tariff war among telecommunication players in India is likely to result in consolidation of smaller, regional and startup operators in the telecom space, global research firm Macquarie says.

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Hamleys set for India debut in February
Famed British toy retailer Hamleys will make its India debut with a 22,000-square-feet store at the popular Phoenix Mills in Mumbai, by February next year.
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Sensex ends down 76pts

The Sensex finally ended (provisional) at 16,974, down 76 points. The NSE Nifty ended (provisional) at 5,052, down 10 points. _____________________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green The Sensex has touched a low of 16,991 and is now down 41 points at 17,010. The Nifty is down six points at 5,054. INDEX SHAKERS... Index heavy-weight, Reliance has dropped 1.5% to Rs 2,103 prior to the record date for 1:1 bonus issue. The stock has contributed the most (34 points) to the Sensex"s fall, along with Larsen & Toubro (21 points) and ICICI Bank (21 points). While L&T has dropped 1.7% to Rs 1,626, ICICI Bank is down 1.5% at Rs 904. Reliance Infrastructure has shed 3.2% at Rs 1,149. Sun Pharma has slipped 1% to Rs 1,439. ...AND THE MOVERS Tata Motors has gained 3% at Rs 645. Tata Steel is up 1.6% at Rs 546. Infosys, ITC and Jaiprakash Associates have added over 1% each. The market breadth continues to be positive. Out of 2,789 stocks traded, 1,636 have advanced while 1,053 have declined.


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