U.S. Forces Kill Osama Bin Laden In Pak; Credit Policy Poll: Market Split Between 25 to 50 Bps Hike; Sensex Down 137 Pts

Monday, May 02, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version U.S.FORCES KILL OSAMA BIN LADEN IN PAKISTAN Al-Qaeda founder Osama bin Laden, the mastermind of the most devastating attack on American soil in modern times and the most hunted man in the world, was killed in a firefight with United States forces in Pakistan on Sunday. American officials said Bin Laden resisted and was shot in the head. He was later buried at sea. read more LEAD STORIES SENSEX ENDS BELOW 19K; BANKS TUMBLE AHEAD OF RBI MEET Sensex fell 137.94 points to close at 18,998.02 as banking stocks fell ahead of RBI's policy meet. Nifty lost 48.20 points to end at 5,701.30. read more CREDIT POLICY: MARKET SPLIT BETWEEN 25 TO 50 BPS HIKE According to a CNBC-TV18 poll, 60% expect RBI to raise the repo and reverse repo by 25 basis points each, but 40% expect a 50 bps hike. read more TOP STORIES • Gold and oil dip on news of Bin Laden's death • Rupee comes Off Intra Day Lows, ends at Rs 44.33/$ • March industrial production nos up 7.4%, FY11 up 5.9% • Auto sales in April slide, Maruti down 20% • Posco gets final approval for Orissa steel project • Cairn-Vedanta GoM meet postponed • Delhi High Court asks pilots to resume work • 2G scam: SC to hear plea to probe Ambani, Ruia, Tata • Court pulls up man seeking probe against Tata • SC adjourns Sahara case, gives time to file documents • Hike in interest rates could derail growth: SBI • Chaturvedi new oil secy, Sundareshan gets industries • DGCA asks pvt airlines not to charge exorbitant fares • Govt mulls Expressways along Del-Mum corridor • Bad upkeep of I-T offices shocks CBDT chief Chandra • ICICI Prudential Life profit up 3-fold at Rs 808 cr • Dhoni spikes fees, wants share of profits • Teva to Buy Cephalon in $6.8 bn transaction • Japan car sales sink to record low, Hyundai gains • Why can't India get Dawood, ask netizens more stories TOP VIDEOS U.S. President Barack Obama's Statement On Death Of Osama Bin Laden Steel Demand Growth In India Seen At 13-14%: CS Verma, CMD, SAIL Even If There Is An Increase Of 25 Bps, It Will Be Passed On To The Loans: S Raman, CMD, Canara Bank AT A GLANCE BSE 18998.02 -137.94 NSE 5701.3 -48.2 TURNOVER Rs. 99,885 cr BSE CASH Rs. 2,318 cr NSE CASH Rs. 9,506 cr NSE F&O Rs. 88,061 cr BULLION GOLD 22604 -216 SILVER 67812 -2695 CRUDE NYMEX 102.25 -0.08 BRENT 126.17 +0.28 FOREX $ / Re 44.33 +0.09 £ / Re 73.987 +0.43 € / Re 65.879 +0.68 EVENTS 3 May RBI Monetary Policy SC To Hear Prashant Bhushan On Extending Probe To Others 5 May Govt To Notify New M&A Rules Essar Vodafone Tax Case To Come Up For AAR Hearing 2G Scam: HC To Hear Bail Plea Of 5 Executives 5-6 May 6th Southern Asia Ports Logistics & Shipping 2011, ITC Park Sheraton & Towers, Chennai EXPERT VIEWS "U.S. launched a targeted an operation at the mansion outside Islamabad. There has been no casualty of US or civilians in the operation. After a fire fight at the mansion, Osama Bin Laden was killed. I would like to say to the families who lost their dear ones in 9/11 that Justice has been done." Barack Obama U.S. President "We take note with grave concern that part of the statement in which President Obama said that the firefight in which Osama Bin Laden was killed took place in Abbotabad "deep inside Pakistan". This fact underlines our concern that terrorists belonging to different organisations find sanctuary in Pakistan." P Chidambaram Home Minister "America coming to our territory (Pakistan) and taking action is a violation of our sovereignty. Handling and execution of the operation (by U.S. forces) is not correct. The Pakistani government should have been kept in the loop." Pervez Musharraf Former Pakistan President WATCH OUT Overdrive On Overdrive this week Bertrand D'Souza road-tests the most awaited bike of the year Honda's CBR 250R. Freestyle World Champion Chris Pfeiffer returns to Overdrive but this time around with a new breed under his wing and Overdrive Editor Sirish Chandran answers all motoring queries on autoselector. SHOW TIMINGS Tuesday 6:30 pm