SENSEX UP 252 PTS ON SHORT COVERING, NIFTY RECLAIMS 5K

Thursday, Sep 29, 2011


2G SCAM: CBI TO PROBE INVOLVEMENT OF ANIL AMBANI  
The Central Bureau of Investigation today told the Supreme Court that it will probe further to find out the real beneficiaries in 2G spectrum allocation scam. It also said that it would probe alleged involvement of Anil Ambani in 2G scam. The Central Bureau of Investigation told the Supreme Court on Thursday that three jailed Anil Dhirubhai Ambani Group (ADAG) employees might turn approvers in the 2G case. read more  
PRANAB, CHIDAMBARAM UNITE; 'CLOSE' 2G NOTE ROW  
Finance Minister Pranab Mukherjee and Home Minister P Chidambaram put up a united and brave face and claimed that the controversial note was just a background paper on the 2G spectrum allocation issue and nothing more. Mukherjee after eight days of parleys among different levels of the government and the Congress party read out a statement putting the blame on the bureaucrats of his ministry. Speaking after Mukherjee, the Home Minister said that he agrees with Finance Minister and the matter stands closed. read more  
LEAD STORIES
GERMAN PARLIAMENT BACKS EURO RESCUE FUND  
German lawmakers approved an expansion of the euro-area rescue fund's firepower, allowing officials to focus on next steps to stem the debt crisis. read more
SENSEX UP 252 PTS ON SHORT COVERING, NIFTY RECLAIMS 5K  
Ignoring surge in food inflation, Sensex shot up 252 pts closing at 16698.07 as funds bought stocks on firm global cues and derivatives settlement. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 16698.07 +252.05
NSE 5015.45 +69.55
TURNOVER
Rs. 249,318 cr
BSE CASH
Rs. 2,171 cr
NSE CASH
Rs. 13,167 cr
NSE F&O
Rs. 233,979 cr
BULLION
GOLD 25557 -116
SILVER 50620 +210
CRUDE
NYMEX 82.99 +1.78
BRENT 105.45 +1.64
FOREX
$ / Re 48.97 +0.22
£ / Re 76.761 +0.33
€ / Re 66.75 +0.34
EVENTS

3 October
Joint Panel Of Finance Ministry & RBI Meet To Decide On The Borrowing Calendar For The Second Half Of The Current Fiscal


10 October
2G Case: Next Hearing In Supreme Court


12 October
Conclave On Healthcare And IPR Post 2005 Amendment, New Delhi


12-13 October
India-Africa Business Partnership Summit, Hyderabad International Convention Centre, Hyderabad

"India must moderate its dependence on capital flows for financing of its current account deficit. We must try to ensure that the current account deficit in the next five years does not exceed the manageable level of 2.5 per cent of GDP."

Dr C Rangarajan
Chairman of Prime Minister's Economic Advisory Council
"Food inflation has gone up and it is perilously close to double digits... Food prices are an area of major and grave concern"

Pranab Mukherjee
Union Finance Minister
"Without bringing inflation down from the current level, it would be difficult to sustain a high level of growth. This would require greater monetary-fiscal coordination and the alleviation of supply constraints, particularly in agriculture."

Deepak Mohanty
Executive Director, RBI

WATCH OUT  
Ministers of Change  
This week on the Ministers of Change we ask why the women of Punjab are discriminated against and what the government is doing about it. Analijit Singh of the Max Group takes us through Punjab's fight against its other silent killer: cancer. And we take stock of Parkash Singh Badal's term in office ahead of the assembly elections in 2012 with HK Dua and Yogendra Yadav.
SHOW TIMINGS
Thur 7:30 pm
IBU Mobile version India Business Update

Kingfisher Airlines got Vijay Mallya's guarantee for Rs 6,176 cr in 2010-11

Dated:September 29,2011


Working hard to lower its debt & interest costs, Kingfisher got guarantees worth over Rs 6,100 cr from Chairman and key promoter Vijay Mallya.

Suddenly money is flying out of emerging economies. Central banks have gone from trying to weaken their currencies to propping them up.

Tata Motors' market value has slumped 30 percent over the past six months. Its enterprise value sits at a paltry 3.2 times estimates of 2012 EBITDA.


Market Round-up
SENSEX 16698.07 252.05
NIFTY 5015.45 69.55
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Losers
Scrip Price(Rs.) %Change
PG Electroplast Ltd.
311.95 -19.31
Dhunseri Investments Ltd.
73.00 -10.04
Magnum Ventures Ltd.
4.50 -9.09
Info-Drive Software Ltd.
9.40 -8.74
Transwarranty Finance Ltd
13.70 -8.36

Most Read Story
The 1st thing to remember is that you will not make the rupee equivalent of your US salary in India. The cost of living in India is lower.

Most E-mailed Story
The 1st thing to remember is that you will not make the rupee equivalent of your US salary in India. The cost of living in India is lower.


Most Commented Story
Home Minister P Chidambaram today suggested that rich should be taxed more even though "many people" would not like the idea.


Latest Updates



MKT'S RALLY LOSES STEAM, SENSEX DOWN 78 PTS

Wednesday, Sep 28, 2011

MOTHER OF ALL MINING SCAMS IN ODISHA: RS 3 LK CR  
This could be the mother of all mining scams, and this time it's in Odisha, a State which accounts for over 30% of India's iron ore deposits. A CNN-IBN investigation has exposed a mining scam estimated at Rs 3 lakh crore, a scale that dwarfs the Bellary mining scam in Karnataka and the Goa mining scam. read more  
NOW, GOA CM MAY LOSE JOB OVER ILLEGAL MINING  
Goa Chief Minister Digambar Kamat's days are probably numbered. As the state's covert champion of illegal mining for 12 years -- that's how long he has held on to the mines portfolio -- Firstpost's expose on the Goa mining scam could cost him his job, thanks to the interest Sonia Gandhi is now taking in the matter. read more  
LEAD STORIES
GOVT STILL DOESN'T SEE RIL & BP AS PARTNERS: SOURCES  
The much-hyped partnership between British Petroleum and Reliance Industries has yet to get the stamp of approval from the government. read more
MKT'S RALLY LOSES STEAM, SENSEX DOWN 78 PTS  
It was a consolidation day for the market ahead of expiry tomorrow. Nifty slipped 25.35 points to 4,945.90. Sensex closed at 16,446.02. read more
BIG FOUR AUDITORS FACE MASSIVE SHAKE-UP  
A radical EU plan proposes that auditors be banned from offering consultancy services to the companies they audit. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 16446.02 -78.01
NSE 4945.9 -25.35
TURNOVER
Rs. 197,351 cr
BSE CASH
Rs. 2,351 cr
NSE CASH
Rs. 10,052 cr
NSE F&O
Rs. 184,948 cr
BULLION
GOLD 26030 -157
SILVER 51759 -1230
CRUDE
NYMEX 83.37 -1.08
BRENT 106.77 -0.37
FOREX
$ / Re 48.75 -0.31
£ / Re 76.414 -0.06
€ / Re 66.506 +0.05
EVENTS

29 September
Fin Min To Meet Industry Representatives On Corporate Debt Market
8th National Summit On E-governance, New Delhi
International Trade Awards, Trident, Mumbai


3 October
Joint Panel Of Finance Ministry & RBI Meet To Decide On The Borrowing Calendar For The Second Half Of The Current Fiscal


12 October
Conclave On Healthcare And IPR Post 2005 Amendment, New Delhi


12-13 October
India-Africa Business Partnership Summit, Hyderabad International Convention Centre, Hyderabad


EXPERT VIEWS

"Today's verdict is (a) historic verdict. Agitation of the farmers in Singur has not only shown the path to other parts of India, but also to the whole world...We will decide on the modalities of giving back the land to the farmers."

Mamta Banerjee
Chief Minister, West Bengal
"We are doing away with Kingfisher Red because we do not wish to compete in the low cost segment. We believe that there are more than enough guests who prefer to travel the full service Kingfisher class and that shows through in our own performance where load factors in the Kingfisher class are more than Kingfisher Red."

Vijay Mallya
Chairman, Kingfisher Airlines
"We do not have the numbers to destabilise the government. We do not even need to destabilise the government. It is collapsing under its own contradictions."

Arun Jaitley
Leader Of Opposition In Rajya Sabha

WATCH OUT  
Ministers of Change  
This week on the Ministers of Change we ask why the women of Punjab are discriminated against and what the government is doing about it. Analijit Singh of the Max Group takes us through Punjab's fight against its other silent killer: cancer. And we take stock of Parkash Singh Badal's term in office ahead of the assembly elections in 2012 with HK Dua and Yogendra Yadav.
SHOW TIMINGS
Thur 7:30 pm
IBU Mobile version India Business Update

Nifty ends near 4950; capital goods, metals, auto down

Dated:28 September,2011

Benchmarks ended a choppy session in the negative territory in absence of buying activity after a sharp rise in last session and due to lack of cues.

Gold has not lost its safe haven status. If you look back into the global financial crisis, then gold did quite a fair bit, says Dominic Schnider.

In an interview with ET Now, Sanjay Vaid, Sr. Vice President and Co-Head of Equities, SBI Cap Securities, talks about the market.


Market Round-up
SENSEX 16446.02 -78.01
NIFTY 4945.90 -25.35
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Excel Crop Care Ltd.
159.80 + 16.73
DCM Ltd.
59.10 + 15.32
Gokaldas Exports Ltd.
102.00 + 14.41
Amtek India Ltd.
130.90 + 9.72
Melstar Information Techn
7.65 + 9.29

NSE Losers
Scrip Price(Rs.) %Change
Crisil Ltd.
843.15 -89.76
PG Electroplast Ltd.
386.60 -19.99
Sanwaria Agro Oils Ltd.
17.70 -15.91
Cheslind Textiles Ltd.
11.25 -12.11
Tokyo Plast International
15.15 -9.55


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