Earning My Money

BY PANKAJ KUMAR Indian economy grew 8.8 percent in the first quarter of fiscal 2010-11. Finance minister said the GDP growth would be above 8.75 percent in the current fiscal.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty also soared past psychological level of 6,000-points-mark. The index closed 0.99 percent higher at 6,018.3 points Friday.
Broader markets also saw healthy buys. The BSE midcap ended 1.04 percent up and the BSE smallcap index 1.05 percent higher on the last trading day of this week.
The market breadth was positive with 1,836 scrips advancing, compared to 1,131 stocks declining and 117 remaining unchanged Friday.
The major gainers on the Sensex were DLF, up 5.18 percent at Rs.365.65; Hindustan Unilever, up 3.93 percent at Rs.314.65; Hero Honda, up 3.85 percent at Rs.1,865.15; and Bharti Airtel, up 3.56 percent at Rs.368.
Among the losers were: Jindal Steel, down 1.19 percent at Rs.692.70; Sterlite Industries, down 0.23 percent at Rs.172.35; Tata Motors, down 0.17 percent at Rs.1,070.35; and TCS, down 0.11 percent at Rs.931.45.
Other Asian markets were mixed, after the job data from the US showed a rise in number of unemployment claims. The Japan's Nikkei closed 0.99 percent lower at 9,471.67 points.

Hong Kong's Hang Seng ended 0.33 percent up at 22,119.43 points. The American and European markets ended the week on positive note.
Dow Jones Industrial index closed 1.86 percent higher at 10,860. S&P 500 advanced 2.12 percent to close at 1,148.67 and Nasdaq closed 2.33 percent higher at 2,381.22.