Sensex ends 167 points higher in volatile trade

STAFF WRITER 16:9 HRS IST
Mumbai, June 30 (PTI) In choppy trade, the Bombay Stock Exchange benchmark Sensex today ended nearly 167 points higher on buying support which emerged after a strong opening in European bourses.The 30-share index settled at 17,700.90 points, a rise of 166.81 points, or 0.95 per cent, from the previous close.The index for a brief period dipped into negative terrain in opening trade, falling as much as 160.31 points.The National Stock Exchange index Nifty closed 56.35 points, or 1.07 per cent higher, at 5,312.50 points. It moved in a range of 5,210.00 to 5,315.55 during the session.Brokers said trading sentiment turned bullish following the firm opening in European markets and a partial recovery on Asian bourses.Covering-up of short positions by investors also had a positive impact, they added.

Suzuki Motorcycle India sales jump 44 pc in June 2010

STAFF WRITER 16:12 HRS IST
New Delhi, June 30 (PTI) Two-wheeler maker Suzuki Motorcycle India today reported a 44.37 per cent jump in sales to 17,876 units in June, on the back of good response to its new products.

The company had sold 12,382 units in June 2009, Suzuki Motorcycle India said in a statement.

"As promised, we have delivered quality products as well as customer satisfaction to our consumers. We will continue to keep up this growth momentum in coming months as well," Suzuki Motorcycle India Vice-President (Sales and Marketing) Atul Gupta said.

The subsidiary of the Japanese auto giant Suzuki Motor Corporation attributed robust growth last month on good response to its new motorcycle GS150R and its only scooter Access 125.

The two-wheeler maker had earlier this month launched its superbike GSX-R1000 at Rs 12.75 lakh (ex-showroom, Delhi) making it the costliest product from the company's stable in the country.

Sensex rises by 57 points in early trade

MUMBAI: Bombay Stock Exchange benchmark Sensex on Friday continued to rise for the eighth day by adding over 57 points in early trade on sustained buying by funds, influenced by a firming global trend.

The 30-share index, which had gained 153.82 points in the previous session, gathered another 57.49 points to 17,674.18 points.

Similarly, wide-based National Stock Exchange index Nifty also rose by 15.25 points to 5,290.10 points.

Marketmen said that the continued rise on foreign funds buying reflected a positive trend in global equity markets.

Japanese stocks Nikkei index was up by 0.29 per cent to 10,027.98,while Hong Kong's Hang Seng Index gained 0.34 per cent in early trade.
TOI

Prithvi-II successfully test-fired off Orissa coast

BALASORE: India on Friday successfully test-fired its indigenously developed, nuclear-capable, ballistic missile Prithvi-II from the Integrated Test Range (ITR) at Chandipur, about 15 km from here off the Orissa coast.

The missile mounted on a mobile launcher was blasted off from the launch complex-3 in the ITR at around 6:50am, defence sources said.

"The trial of Prithvi-II, conducted by the Army, has gone through nicely," ITR director S P Dash said.

With a maximum striking range of 350 km, Prithvi-II is capable of carrying a pay-load of 500 kg.

The test firing of the surface-to-surface missile, which has already been inducted into Indian armed forces, was a users trial by the Army's specialised group "strategic force command" (SFC), the sources said.

Prithvi, the first ballistic missile developed under the country's prestigious Integrated Guided Missile Development Programme (IGMDP), is propelled by liquid propulsion twin engine.

With a length of nine metre and one metre diameter, Prithvi-II uses an advanced inertial guidance system with manoeuvring trajectory.

The entire trajectory of Friday's trial was tracked by a battery of sophisticated radars and electro-optic telemetry stations positioned in different locations for the post-launch analysis, the sources said.

The trial was conducted in the presence of Army officials and scientists as part of an exercise to well acquaint the personnel with various aspects of the sophisticated missile, they said.

The last trial of the Prithvi-II missile was successfully conducted from the same site on March 27, 2010.

TOI