Steel shares rise to a 52-week high
Mumbai: Around 55 steel stocks hit their respective 52-week highs on the Bombay Stock Exchange (BSE), of which 10 stocks hit their all-time highs on the bourse. Jindal Steel and Power, Saw Pipes, Steel Authority of India (SAIL) and Tata Steel are among the major A group stocks to have touched their 52-week highs on the BSE.

Jindal Steel and Power touched a life-time high of Rs 755. Jindal Vijaynagar, Monnet Ispat, Panchmahal Steel, Tata Metaliks and Tata Sponge are the other stocks closing at an all-time high today on the BSE.
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Bajaj Auto GDR zooms 7%
Mumbai: The Instanex Skindia DR Index (ISDI), which tracks 15 actively traded Indian depository receipts, edged up 0.24 per cent to 653.40 till mid-trading session on Monday in London. Global depository receipt (GDR) of Bajaj Auto edged up 7.17 per cent to $15.10. But ITC's GDR shed down 2.06 per cent to $17.63.

On Friday, ISDI edged up 0.12 per cent to close at 651.80. Also, the ISD price-earning ratio moved up by 0.12 per cent to 13.14. US markets traded firm opening trades on amid signs that an economic recovery is gaining steam and relief that last week's power outage didn't leave lasting damage to the economy.
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Bullish nature remains
Mumbai: The bourses closed with 1.44 per cent and 2.70 per cent gains on the Bombay Stock Exchange Sensex and the National Stock Exchange S&P CNX Nifty, respectively. Traded volumes were marginally higher than the 10-day average and the breadth was very positive. Both these indicators are signs of bullishness.

The upmove was secular as even the technology sector participated in the rally. The markets have made another recent high and the oscillators are now firmly entrenched in the overbought zone.
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PNB, IL&FS join hands for core-focus equity fund
New Delhi: Punjab National Bank (PNB) has teamed up with Infrastructure Leasing and Financial Services Ltd (IL&FS) for setting up a private equity fund for investing in domestic companies mainly in telecommunications, oil and gas, ports, water supply and surface transport segments.

The fund, with a commitment period of five and life of 10 years, would invest in equity and equity-related instruments of 15-20 Indian companies having successful track record of stable and consistent cash flows.
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