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Chandrayaan-I develops malfunction, its life may be reduced
India"s maiden moon probe Chandrayaan-I has developed a malfunction that puts some experiments in jeopardy and raises questions on completion of the mission that was intended to last two years.

Seeking safety with reasonable returns
When stock markets go up sharply, risk-averse investors start feeling the jitters. There is always an apprehension that a correction is just round the corner. For investors who get ulcers with every sharp rise and fall, balanced funds are a good option.

News of the day

Cipla rises 4.3%
The stock gained 4.3 per cent to close at an all-time high of Rs 345.30, on reports that the company is in talks with Pfizer, world’s largest drug maker, to supply generic products for their drugs. As an ongoing business strategy, the company is seeking alliance with other companies for developing products.
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Nifty ends at 2009-closing high

Sensex has finally ended (provisionally) at 17,336 - up 104 points. The Nifty ended (provisional) at 5,172 - up 27 points. Loan prepayment does not violate competition laws:Banks SRK stands by his IPL remarks, says India a welcoming place Obama proposes substantial jump in aid to Pak Oil rises on bullish US manufacturing data The Sensex has rebounded into the positive terrain and is now firm at 17,295, up 65 points. The BSE realty and the metal indices are up around 1.5% each. Reliance Infrastructure and Tata Motors have added 2.5% each a Rs 1,096 and Rs 764, respectively. Mahindra & Mahindra, ONGC, TCS, Sterlite and Tata Steel are firm, up 1% each. Jaiprakash Associates is the most prominent loser still on the Sensex, down 2% at Rs 143. NTPC, Bharti Airtel and ITC, down 1% each. The market breadth is fairly positive, out of 2,865 shares traded, 1,602 have advanced and 1,169 have declined so far on the BSE.


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