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Markets remain weak
The Sensex is quoting at 16757, lower by 102 points, and the Nifty is at 4996, down 39 points.

Gas reserves at Essar's Raniganj field 43% more than estimates
Essar Oil’s recoverable coal-bed methane (CBM) reserve at Raniganj block in West Bangal has been pegged at 1 trillion cubic feet (tcf), 43 per cent higher than the earlier estimate of 700 billion cubic feet (bcf). The basin has 3.5 tcf reserves, a third of which are recoverable.

News of the day

J K Lakshmi to invest Rs 1,600 cr on expansion
J K Lakshmi Cement will invest about Rs 1,600 crore over the next three years on expansion, which includes setting up of a 2.7 million tonnes greenfield manufacturing plant in Chhattisgarh.
Public Relations

Andhra Bank up on expansion plans

Andhra Bank ended at Rs 109, stronger by 1.5%, on the BSE. - Quiet day for markets - Sensex ends up 10pts - Markets unmoved - Markets marginally down - Sensex marginally up in early trades - FIIs net buyers Rs 2,207cr in F&O on Tuesday The stock opened at Rs 109 and touched a high of Rs 110 and a low of Rs 108 during the day. The counter saw total trades of 2.84 lakh shares as against the two-week average of 2.68 lakh shares. _____________________________________ (updated at 1021 am) Andhra Bank is eyeing Rs 3,600 crore business in Vizag. The stock opened at Rs 109, touched a high of Rs 111. The scrip is now trading at Rs 110, up 1.5% from its previous close. The counter has clocked volumes of 0.84 shares on the BSE. The Visakhapatnam zone of Andhra Bank is targeting to end the current financial year with a total business of Rs 3,600 crore.


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