Markets: Indices bounce back
Mumbai: The BSE Sensex and the S&P CNX Nifty registered sharp gains on Wednesday. The BSE Sensex closed at 5527.56, up 64.95 points over Tuesday's close of 5462.61. The S&P CNX Nifty logged a gain of 27.7 points before settling at 1727.95 points.

Market Gainers
Reliance Industries, Hindustan Lever, Infosys, ONGC, SAIL, Shipping Corporation, BHEL, Indian Oil Corporation, MTNL, Tata Steel, Essar Steel, Ispat Industries, Infosys, Satyam, TCS, HCL Technologies, Wipro, Sundaram Clayton, Sesa Goa, Tata Metalliks, KEC International

Market Losers
Vindya Telelinks, Sun Pharma, Bata India, Ranbaxy Labs

Market Counters
SAIL up 6.82 per cent at Rs46.2
Glenmark Pharma up 10 per cent at Rs313.65
Natco Pharma up 8.8 per cent at Rs130.5
Sundaram Clayton up 6.5 per cent at Rs532.45
KEC International up 5.4 per cent at Rs114.3
Vindhya Telelinks down 7.8 per cent at Rs69.4
Pantaloon Retail up 2.48 per cent at Rs417
Themis Medicare up 2.63 per cent at Rs188.95
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LIC and GIC pick up IDBI’s stake sell off in TNPL
Mumbai: Industrial Development Bank of India (IDBI) has sold 13 per cent of its holding in Tamil Nadu Newsprint and Papers Ltd (TNPL) to Life Insurance Corporation of India and General Insurance Corporation.

While LIC has purchased 10 per cent of the equity of TNPL amounting to 69,63,800 shares at a price of Rs 64.20 per share, GIC has acquired three per cent stake at the same price.
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Deccan Chronicle to issue IPO for its editions in TN
Hyderabad: Deccan Chronicle Holdings Ltd (DCHL), publishers of the Deccan Chronicle, have plans to start three editions in Tamil Nadu — one each at Chennai, Tiruchi and Coimbatore — and also to raise funds of over Rs100 crore from the capital market. The Rs122-crore publishing house's English daily has seven editions in Andhra Pradesh.

In a draft red herring prospectus filed with the Securities and Exchange Board of India, the company has said that though the exact issue amount would be determined based on the issue price discovered through the book-building process, it plans to deploy funds to the tune of Rs 114.36 crore towards setting up of three editions in Tamil Nadu. Of these proceeds, the company proposes to spend Rs 62.45 crore during the period October this year to March next year and Rs 51.9 crore during the next financial year.

Deccan Chronicle is in the process of setting up a printing facility in Cuddapah in Andhra Pradesh. Besides Deccan Chronicle, DCHL also publishes Andhra Bhoomi in Telugu as a daily, weekly and monthly.
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