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Nifty crosses 5,000, Sensex near 17,000
The National Stock Exchange Nifty closed above the 5,000 mark for the first time in 16 months on Thursday after second-quarter advance corporation and personal income tax collections registered positive growth.

Sterlite Industries posts 42% fall in Q1 net
Sterlite Industries, the Vedanta Group diversified base metals producer, has posted 42 per cent decline in net profit at Rs 924 crore in the first quarter of the current financial as compared to Rs 1,595 crore in the same quarter of the previous year. Net sales of the company also plunged by 21 per cent to Rs 4,537 crore from Rs 5,770 crore. Earnings per share (EPS) slipped, therefore, to Rs 9.49 from Rs 16.25 in the first quarter of the previous year.

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No hasty stimulus exit, says FM
Finance Minister Pranab Mukherjee today ruled out an immediate withdrawal of the stimulus packages, but cautioned that too much delay in the exit would widen the fiscal deficit.
Business Opportunities

Markets continue to trade firm

The markets have held on to their gains in the past one hour. The Sensex is quoting at 17,239, up 108 points, and the Nifty is at 5,122, up 32 points. - Sensex trading firm; Reliance up 2% - Markets extend gains - Markets in positive territory - Asian markets sustain strength - US markets fall on GDP, growth worries - Hindalco: A timely placement BPCL has topped the list of gainers on the NSE, up 6.1% at Rs 573. Ambuja and Gail have advanced 2.5% to Rs 92.5 and Rs 413 respectively. Axis Bank, ITC and Maruti have added between 1-2% each. Among the NSE losers, DLF has shed 2% to Rs 365, Suzlon has weakened by 1.1% at Rs 70 and Cairn has given up 1% at Rs 280


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