Stock Market Latest News

• Nifty closes at new 52-week high
• The markets continued to cheer investors on Christmas Eve with Sensex gaining 129 points.
• ONGC, SAIL, NTPC get 'Maharatna' status
• The govt accorded Maharatna status to these firms to help them emerge as global giants.
• Apple CEO takes USD 1 salary in 2009
• Apple Inc Chief Executive Steve Jobs was paid his customary USD 1 annual salary in 2009.
• Govt approves Jet proposal to raise $400 mn
• The government approved the proposal of Jet Airways for raising around Rs 1,850 crore from foreign investors.
• FDI jumps 60% to $1.74 bn in Nov
• The inflows were USD 1.08 billion foreign direct investment in the same month last year.
• Food inflation declines to 18.65 pct
• Food inflation rose 18.65 pct in 12 months to Dec. 12, while the fuel index was up 3.95 pct.
• Fund managers eye engineering, IT stocks
• Indian stock funds held cash worth Rs 190 billion ($4.1 billion) at end-November, according to data from Morningstar.
• Citigroup repays $20 billion to US
• Citi sold $17 bn in common shares and $3.5 bn in convertible notes to help raise capital.