| Friday, Feb 04, 2011 |  |
| | | SENSEX TUMBLES 441 PTS ON SELLING FRENZY
Bears took complete charge over the bulls and forced Nifty to close below 5400 level - for the first time since July 30, 2010. Sell-off by foreign investors was attributed as the reason behind today's crash, indicating that foreign investors are slowly pulling out money from India for investing in other asset classes. Realty, FMCG, IT, bank, capital goods, auto, oil & gas, and power indices were down 2-3%. Heavyweights Reliance Industries, TCS, NTPC, Infosys, L&T, ICICI Bank, HDFC, ITC, HUL, Bharti Airtel and HDFC Bank tumbled 2-4%. Sun Pharma, M&M and Kotak Mahindra Bank were biggest losers with 5% fall. Sensex plunged 441.16 points to close at 18,008.15 and the Nifty tanked 131 points to settle at 5,395.75. read more | | | | | | | | AT A GLANCE | | BSE | 18008.15 | -441.16 | | NSE | 5395.75 | -131 | | TURNOVER Rs. 164,146 cr | | BSE CASH Rs. 3,584 cr | | NSE CASH Rs. 13,357 cr | | NSE F&O Rs. 147,204 cr | | | | BULLION | | GOLD | 20092 | -4 | | SILVER | 44382 | +249 | | | | CRUDE | | WTI | 91.63 | +1.09 | | BRENT | 4664.06 | +34.05 | | | | FOREX | | $ / Re | 45.6 | -0.02 | | £ / Re | 73.402 | +0.12 | | € / Re | 62.039 | +0.1 | | | EVENTS 8 February
2nd Food & Agri Exporters Conclave, Assocham House, New Delhi 8 February
Tackling India's Highways Challenge Connect, Invest & Build, Westin Mumbai Garden City 8-9 February
4th Annual Conference On Renewable Energy In India, The Imperial, New Delhi 11-14 February
8th International Exhibition & Conference On Minerals Metals Metallurgy & Materials, Pragati Maidan, New Delhi 14-15 February
2nd Annual International Summit Coal Gas: 2011, Vigyan Bhawan, New Delhi 14-15 February
2nd Annual Conference On Coal Based Power Generation, Trends & Developments, Issues & Challenges, The Imperial, New Delhi 21-22 February
2nd Annual Conference On Project Management In Infrastructure Sectors, Issues & Challenges: Strategies & Solutions, Hyatt Regency, New Delhi | | | | | EXPERT VIEWS |
| | "There seems to be a strong case for waiving mandi taxes, octroi and local taxes, which impede the smooth movement of essential commodities."
Manmohan Singh
Prime Minister "Within the Ministry of Heavy Industry somebody (public sector unit) is making tea, somebody is making salt and somebody scooter. Should we continue with this business or we should go for paradigm shift? There is absolute case for such companies (closed ones) to be privatised. Within a span of six months to one year we have to come out with a new guideline."
Praful Patel
Heavy Industries & Public Enterprises Minister "You cannot expect that there is any magic wand or like Alladin's magic lamp that you rub it and your problem (inflation) is solved."
Pranab Mukherjee
Finance Minister |
| | WATCH OUT |  Budget 2011: Priceline We kick of this series with one of the best economic minds in the country. The chairman of the Prime Minister's Economic Advisory Council, C Rangarajan, speaks to Latha Venkatesh on the India's fiscal compulsions and constraints, rising inflation which is delaying diesel deregulation, protecting India's most vulnerable with a Food Security Act and much more. | SHOW TIMINGS Saturday 11:30 am & 10:30 pm
Sunday 8:30 am & 11:30 pm
| |
| | | | |
No comments:
Post a Comment