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Markets buck global trend
The Indian bourses opened on a positive note at 17,200, tracking strong global cues. The index soared to a high of 17,352 but changed course after a robust industrial production data was declared which raised fears that the central bank may need to control monetary policy. The IIP number increased to 10.3% Vs 9.6% (MoM).

JP Morgan to pay $29 bn in salaries, bonuses: report
World"s biggest banks will pay out more than $65 billion in salaries and bonuses over the next fortnight, with banking conglomerate JP Morgan Chase alone likely to shell out a record $29 billion, barely a year after the bailout of the banking system.

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Rising market makes investors look at FMPs
Fixed Maturity Plans (FMPs) seem to be generating some amount of interest among mutual fund investors once again. These plans were the target of investors’ ire during the later part of 2008.
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Nine of top-10 firms add Rs 49,000 cr in m-cap

Nine of top-10 country"s most valued firms added nearly Rs 49,000 crore last week with the exception of power equipment maker Bharat Heavy Electricals (BHEL). - Top 10 firms lose Rs 40,000 cr last week - Five of top-10 cos lose Rs 24k cr; RIL on top slot - Top-8 cos add Rs 1 lakh cr in m-cap last week - Top 10 cos add Rs 55,000 cr in m-cap last week - Top 6 cos lose Rs 68,000 cr in m-cap last week - Top 8 cos add Rs 53,000 cr in m-cap last week The country"s most valued firm Reliance Industries (RIL) added a whooping Rs 13,195.61 crore to its market capitalisation (m-cap), taking the total valuation to Rs 3,57,924.99 crore for the week ended December 5. Shares of RIL surged nearly 4 per cent to close at Rs 1,089.05 on the Bombay Stock Exchange (BSE) at the end of Friday"s trade. Next comes Oil and Natural Gas Corporation (ONGC) that added Rs 2,737.76 crore and then power producer NTPC whose valuation rose by Rs 1,401.73 crore. ONGC"s market valuation stood at Rs 2,52,600.55 crore while NTPC"s at Rs 1,72,866.07 crore. Trading behemoth MMTC added Rs 214 crore to its market capitalisation. At the end of the review period MMTC"s total valuation was Rs 1,70,271.25 crore. Iron ore miner NMDC saw its m-cap surge by Rs 8,107.81 crore with its total valuation at Rs 1,64,594.52 crore. The country"s largest public sector lender State Bank of India (SBI) appears next on the list. It added Rs 5,406 crore and at the end of the week its market capitalisation stood at Rs 1,47,777.84 crore. IT bellwether Infosys Technologies" m-cap grew by Rs 3,110.26 crore at Rs 1,36,596.36 crore. Top outsourcing firm Tata Consultancy Services" (TCS) m-cap rose by Rs 4,677.71 crore to take its total market valuation to Rs 1,36,123.26 crore. Private telecom services provider Bharti Airtel inched up after adding Rs 9,947.72 crore to its m-cap, while power equipment maker BHEL slipped to the 10th slot after losing Rs 930.08 crore. Airtel saw its m-cap surge to Rs 1,17,645.09 crore and BHEL to Rs 1,08,127.63 crore. The 30-share index Sensex in the past week surged nearly 3 per cent or 469.53 points to close at 17,101.54 points on the BSE at the end of the Friday"s trade. RIL numero-uno in the list is followed by ONGC (Rs 2,52,600.55 crore), NTPC (Rs 1,72,866.07 crore), MMTC (Rs 1,70,271.25 crore), NMDC (Rs 1,64,594.52), SBI (Rs 1,47,777.84 crore), Infosys Technologies (Rs 1,36,596.36 crore), TCS (Rs 1,36,123.26 crore), Airtel (Rs 1,17,645.09 crore) and BHEL (Rs 1,08,127.63), in the order.


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