[B]Corporate News ? Industry trends[/B]
* The Andhra Pradesh government has cancelled the concessionaire agreement for the Rs 121.3bn Hyderabad Metro Rail Project, a showpiece public-private partnership, awarded to Maytas Infra Ltd (BS)
* The proposed alliance between Bharti Airtel, and South African telecom giant MTN crossed the first hurdle after the SEBI exempted MTN from making the mandatory open offer to Bharti Airtel shareholders under the takeover code (BS)
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[B]
Market Perspective[/B]
Yesterday Nifty opened on a positive note and made a high of made a high of 4231
but on higher levels selling pressure was witnessed and nifty made a low of 4155,
thereafter it was trading very range bound
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