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Markets up on GDP numbers, easing Dubai debt concerns
The stock markets rose sharply on Monday on the back of strong gross domestic product (GDP) numbers and firm global cues. The Sensex closed at 16,926, higher by 294 points, and the Nifty re-gained the 5,000 mark to close at 5,026, up 84 points, on a steady day of trade. The Sensex had surpassed the 17,000 mark (17,096) in intra-day trades.

Scomi eyes partners for monorail projects
Malaysia-based Scomi International is scouting for partners to tap the monorail market in India, which is estimated to be around $15 billion (Rs 72,000 crore) in the next five years.

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UTI MF to launch mobile platform by Jan-end
With a view to attract more investors, leading fund house, UTI Mutual Funds today said it plans to launch mobile transaction platform by January-end, a top official said.
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Key Levels: More upside above 15,350

The markets are likely to open on a positive note owing to strong cues from the global markets. Reliance is likely to be in focus today ahead of its Q1 numbers. - FIIs raise stake in Nifty firms to 43% - Infra growth, strong earnings propel markets - KEC Int hits 52-week high on Rs 471cr order - Nifty ends up 129pts - Markets surge to higher levels - Mahindra Satyam tops value, volume chart on both exchanges The Sensex needs to sustain above 15,350-today for further upside. In case, the index sustains above 15,350 for most of the day, then the index may rally up to 15,500-15,700. On the downside, 15,060-15,100 could be a key support today. The NSE Nifty may face resistance around 4,570-4,600. On the downside, the index may find support around to 4,475-4,445.


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