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indiabulls power

Indiabulls shares up because of talks with ArcelorMittal

Posted on September 07th, 2010 in ArcelorMittal, Company News, India, India Shares, indiabulls power

Shares of financial institution, Indiabulls Power surged on Tuesday after there were news that it is having talks with ArcelorMilltal. The rise was close to 5 per cent and the speculations suggest that the increase was because of rumors that the company is having JV talks with the European company.

The two, it is said, are planning to set up a mining JV in India. The shares increase on the BSE.

In real terms, Indiabulls zoomed up by 4.7 per cent to end at Rs 28.05 on BSE. The same trend was seen on Nifty that went up by 4.9 per cent to end at Rs 28.10.

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Tags: India Share market, India Shares

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