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Aban Offshore slumps 8% on sharp drop in net
Aban Offshore slumped over 8% to Rs 1,130 on the back of 65% decline in net profit.

ONGC net profit up 23%
Higher crude price realisation, coupled with lower fuel subsidy, has helped Oil and Natural Gas Corporation (ONGC) post a 23 per cent jump in net profit for the quarter ended December 31. Net profit was Rs 3,054 crore, compared to Rs 2,475 crore in the same quarter last year. Net sales for the quarter rose 23 per cent, to Rs 15,314.5 crore.

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Asian stocks fall on stimulus concern, UBS loss
Asian stocks fell, led by banks and developers, as UBS reported a wider-than-estimated loss amid investor concern that the withdrawal of stimulus measures will cause the global recovery to falter.
Business Opportunities

Sensex ends down 108pts

The Sensex has finally ended (provisional) at 16,674 - down 108 points. - Sensex extends losses - Markets flat in noon trades - Sensex slips after brief recovery - Markets on the verge of breaking into green - F&O OUTLOOK: Nifty may breach 4,941 support - Nifty may breach 4,941 support The Nifty ended (provisional) at 4,955 - down 32 points. _________________________________ (Updated at 1457 hrs) The Sensex is quoting at 16,680, down 101 points and the Nifty is at 4954, lower by 32 points. Among the top losers, Tata Steel is down 2.7% to Rs 499, Hindalco is lower 2.3% to Rs 126 and ICICI Bank is weak 1.8% to Rs 844. The leading gainers are Sun Pharma (up 4.9% to Rs 1,285), Reliance Industries (up 1.7% to Rs 2,140) and ITC (up 1% to Rs 234). The market breeath is, however, positive, with 1576 advancing stocks as against 1138 declining stocks.


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