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Nifty hits 5000 mark, first time since May '08 Mumbai: Performing in line with other major markets, buoyed by the news of an impending economic recovery in the US, the National Stock Exchange index Nifty on Thursday crossed the 5000-mark for the first time since May 2008. It took the Nifty...

Oil India $570 mln IPO subscribed 31 times MUMBAI (Reuters) - State-owned explorer Oil India's $570 million IPO was subscribed nearly 31 times on Thursday, quelling fears investor appetite for new offerings had waned in the wake of a tepid market debut for two recent big listings. Robust...