Sensex ends 107 pts higher, Nifty at 9952 Buying activity picked up momentum in the Indian markets on Tuesday as the Sensex and Nifty rebounded from Monday’s losses following tensions surrounding North Korea. The BSE Sensex closed 107 points higher at 31,809 while the Nifty rose 40 points to close above the 9,900 level. Reliance industries and Coal India were amongst the top gainers of the day. Nearly 70 stocks hit a fresh 52 week high on the NSE in the day’s trade. Infosys, SUN TV and Yes Bank were trading as the most active stocks in terms of value. _______________________ HDFC- too big to fail according to RBI  The Reserve Bank of India on Tuesday included financial major HDFC in the ‘too big to fail list’ along with SBI and ICICI bank. When a financial institution like a bank becomes so important that their failure would put the nation’s economy at risk, then that institution is termed as ‘too big to fail’. It states that if the bank fails then the government steps i...

Indian Indices snap 3-day streak over geopolitical tensions  The Indian benchmark indices Sensex and Nifty lost for the first time in three days on Monday after North Korea’s nuclear bomb test caused ripples across Asia. The 30-share BSE Sensex was down 189 points at 31,702 and the 50-share NSE Nifty fell 61 points to 9,912. Coal India, Sun Pharma and ONGC were the top gainers for the day, while Infosys and automakers suffered a loss. North Korea on Sunday carried out its most powerful nuclear test to date, and proclaimed to have developed an advanced hydrogen bomb. _________________________ Mergers and Acquisitions keep major companies busy Since its inception in India 93 years ago, Glaxo Smith Kline is looking for acquisitions, media reports said on Monday. Hindalco too is looking for acquisitions in overseas markets with an intial target of rupees $3 billion. Meanwhile, Mahindra finance is planning to raise around 2,000 crore equity capital to raise its base and streng...