Stock markets last week

But that was not the case in other emerging markets, which didn't have a common pattern. Russia declined 3.34 per cent. Pakistan gained 3.2 per cent and South Korea was up 2 per cent. However, Hong Kong and Malaysia declined over 1 per cent. In developed markets, the FTSE lost one per cent.

STOCK OF THE WEEK: Raj Television Last week's close (Rs) 333.18 Prev. week's close (Rs) 248.43 Raj TV, the closest competitor of Sun TV, put up a stellar show as it leaped by 29 per cent to close at Rs 320 after touching 52-week or an all-time high level of Rs 332 on Thursday. The company launched two new channels, of which one will be named Kalaignar TV in honour of DMK patriarch and Tamil Nadu Chief Minister M Karunanidhi.

According to a dealer, the heightened interest in media stocks is also one of the reasons for the exorbitant rise in the share price of the company. Meanwhile, the company has also performed well financially, with profits growing a stupendous 200 per cent year-on-year though revenues grew a modest 14 per cent. The stock has leap-frogged by a whopping 70 per cent in the last one month.