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Nifty to find stiff resistance above 5,300

The Nifty futures moved in a narrow band and closed higher at 5,239 on poor volumes in both cash and derivates segments. The trading volume in Nifty January futures declined to 11.86 million shares from around 42 million shares on the first day of the December series. It is difficult to predict the market movement in the near future due to extremely poor volumes. However, the intra-day trading pattern in Nifty futures and options suggested that traders booked profits while bears built short positions at higher levels.

Aurobindo gets US FDA nod

Aurobindo Pharma Limited has received the tentative approval for Atomoxetine Hydrochloride capsules in 10mg, 18mg, 25mg, 40mg, 60mg, 80mg, and 100mg strengths.

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Mamata moots rail coach factory in Singur

Setting up of a rail coach factory in collaboration with the West Bengal government or on the public-private-partnership model at the abandoned Tata Motors’ Nano project site at Singur was today mooted by Railway Minister Mamata Banerjee.

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Buddhadeb's 'light' moment

A tubelight performs many duties at capital’s Banga Bhawan, the state guest house of West Bengal in New Delhi. On Saturday, Chief Minister Buddhadab Bhattacharjee addressed a press conference in the Bhawan auditorium. On his table was a packed tubelight used to help set up a few dozen TV microphones. Bhattacharjee was initially amused but soon understood the purpose of the arrangement.