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Markets end flat
The Sensex ended at 16,330, higher by 40 points, and the Nifty closed at 4,876, up 22 points (provisional closing).
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Ashok Leyland Dec sales zoom 164%
Commercial vehicles major Ashok Leyland, Hinduja group"s flagship company, today reported an increase of 164 per cent in its sales in December 2009.

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Prakash Industries Q2 profit rises 40%
Prakash Industries, engaged in steel, mining and power businesses, today reported a 40 per cent growth in net profit at Rs 67.80 crore for the second quarter ended September.

High on looks, low on power.

Pulsar’s new variant, to be unveiled next week, will retain the looks of a big bike, but the engine will be 135 cc. - Bajaj Auto, Honda sales surge in November - Maruti, Tata Motors lead auto rally - Bajaj motorcycle sales rise 84% in Nov - Market outlook: Bulls to remain in command - Bike sales vroom 32% in Nov - aam-not-khaas/08/43/378289/" class="textMost" title="I"m aam, not khaas">I"m aam, not khaas Bajaj Auto is launching yet another variant of Pulsar, its highest selling bike, next Wednesday.Taken in isolation, it’s no big deal as Pulsar already has four variants with engine capacities of 150 cc, 180 cc and two models of 220 cc. But the latest launch will be significant as India"s second biggest two-wheeler maker is bringing in a huge change in the way Pulsar has been positioned so far. deals toronto

Tata Chem unveils affordable water purifier 'Swach'.

Aiming to make safe drinking water affordable to rural masses, Tata Group company Tata Chemicals today unveiled a water purifier named Swach under Rs 1,000 price tag and announced Rs 100 crore investment over the next five years for the project. - PE companies resort to salary freeze as investments tank - ABC Paper shelves plan to set up new plant - Panasonic India to invest $300 mn in 3 years - Reaction from double top - GVK Power buys L&T"s 17 per cent BIAL stake - L&T, EADS may send revised JV proposal to FIPB Tata Group Chairman Ratan Tata today formally unveiled the product, which comes in two variants priced at Rs 749 and Rs 999. While launching the Rs 1 lakh car Nano of Tata Motors, he had announced that making safe drinking water affodable to masses was his next objective.

Pre-market: Bias still negative.

The markets are likely to open on a flat note this morning on the back of mixed global cues. The indices yesterday attempted a pullback but eventually ended with marginal gains as selling pressure persisted on every rise. The bias is still negative as the Sensex has closed below its recent support of 16,925-16,940. Today, the index may seek support around yesterday"s low below which the index is mostly likely to target 16,200 in the coming days. On the up side the index will face resistance around 17,000-17,050.

Bearish triple top at 5,180.

The market is in a short-term downtrend and should find support between 5,000 and 5,050. - Rs 9.9 lakh highest offer at NID - Bajaj Auto raced ahead on restructuring plans - Bajaj Auto: Obvious move - Bajaj to exit scooter biz - A greener focus is quite profitable, finds Thermax - Hamara Bajaj to fade into oblivion The market trended through a narrow range during most of the week and touched a new 2009 high before sliding on Friday. The Nifty hit a high of 5,182 before dropping to close at 5,117 points for a nominal 0.2 per cent week-on-week gain. The Sensex was also practically unchanged at 17,119 points. The Defty lost 0.5 per cent as the rupee slid. Breadth signals were poor. Declines slightly outnumbered advances and volumes were low. FIIs were moderate buyers while domestic institutions were moderate sellers. The BSE-500 lost marginal ground and so did the BSE-Midcaps.