Sensex lacklustre; Pharma, Oil & Gas up

Benchmark indices were moving in narrow ranged Friday as investors stood on sidelines ahead of a long weekend. However, buying activitywas seen in midcaps and smallcap stocks.“Bulls are indeed on seventh heaven as the September series came to a happy close with a 7% gain in the major indices. Foreign funds continue to pour money into Indian equities while the local funds don’t appear to be all that...

Bharti fails to keep pace with Sensex on MTN overhang

Bharti Airtel, which has underperformed the benchmark Sensex ever since it revived a plan to merge with South Africa’s MTN Group, may surge if the deal falls through, as it would put an end to uncertainty about the future of a combined entity with differing management styles, structures and some imponderables, investment advisors say.“If the deal (with MTN) succeeds, there could be a small downside,”...

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India to Auction 3G Mobile-Phone Licenses in December

India, the world’s second-largest wireless market by users, said it will start accepting bids for licenses to offer high-speed services on Dec. 7, a move that may help boost revenue at Bharti Airtel Ltd. and other carriers.Bidders must submit any queries they have by Oct. 8, before a pre-bid conference on Oct. 12, and applications for the permits must be made on or before Nov. 13, the Department of...

Stocks subdued; Nifty holds 4800

Stocks remained subdued as losses in realty and metal stocks took a toll on sentiment. But key indices pulled back marginally with the Nifty regaining the 4800 mark.“In the minor term, support for Nifty continues to remain at 4780. If this level is broken then we could see selling pressure emerging and Nifty might test 4720 or 4680. And in the slightly intermediate term, support exist at 4560, unless...

Home Inspections: Top Ten Problems

Each homebuyer has different ideas of what will constitute the ideal home for them, these notions often based on particular aesthetic preferences. But one thing that unites all potential homebuyers is the desire to find a home that is fundamentally sound—in areas beyond the immediate sweep of the eye—and that will provide a safe, comfortable, and efficient foundation for their life behind a new door.This...