Muthoot Finance IPO

Equity	Offer Price	ISSUE OPEN (Rs.)	ISSUE CLOSE)
Muthoot Finance	Rs. 160-175	18-Apr-11	21-Apr-11

The largest gold financing company in India in terms of loan portfolio. Read: Before invest Read the Prospectus Carefully

Sensex Down 296 points

It was another wobbly session for the Indian equity benchmarks on Monday, shattered by the sell-off in almost all sectors. Financial, capital goods, technology, realty and metal sectors were the major draggers in trade today. Heavyweight Reliance Industries too added more pressure in the last couple of hours of trade.

It was looking like sharp recovery in the morning trade after Friday's steep fall due to Infosys' poor EPS guidance for FY12 - the Sensex had added more than 250 points but those gains could not sustain on the back of profit booking as well as fresh shorts build-up. The 30-share BSE Sensex plunged 296 points, to close at 19,091, after shedding more than 550 points from day's high of 19,649.22. Read full story click here

Nifty Bounce Back

Indian equity benchmarks bounced back on Monday morning after a sharp sell-off seen on Friday due to poor guidance forecasted by Infosys. The Nifty has touched the 5850 level amid volatility. There was a bit of short covering too in trade today.

At 9:19 hours IST, the 30-share BSE Sensex was trading at 19,428, up 41 points and the 50-share NSE Nifty gained 10 points at 5,835. The Nifty April futures were trading at 12 points premium.

Among frontliners, TCS, SBI, ONGC, Hero Honda, L&T, Sterlite, HDFC Bank, Wipro, HDFC, Bharti, Tata Motors, HUL and Hindalco were leading the markets higher.

Asia Mixed Trading

At 7: 47 am (IST), Asian markets were trading mixed. China's Shanghai Composite was up 0.23% or 7.03 points at 3,057.56. Hong Kong's Hang Seng was flat at 24,017.33. Japan's Nikkei was down 0.23% or 22.32 points at 9,569.20. Singapore's Straits Times added 0.45% or 14.31 points at 3,167.61. South Korea's Seoul Composite was flat at 2,142.73. Taiwan's Taiwan Weighted rose 0.42% or 36.56 points at 8,754.68.

Gold at all-time high of Rs 21,710

Both silver and gold set new records on the bullion market today on hectic buying by stockists for the upcoming marriage season amid firm global cues.

While silver spurted by Rs 2,700 to a new high of Rs 63,200 per kg, gold gained Rs 280 to touch an all-time high of Rs 21,710 per 10 grams.

Trading sentiment turned extremely bullish as gold and silver soared to a record levels in 31 years in global markets as inflation in China accelerated underscoring the challenge that central bankers worldwide face in combating rising prices. Read more