Domestic Car Sales Slowest In 2 Yrs; Sensex Ends Flat; Artist MF Husain Passes Away At 95

Thursday, Jun 09, 2011 Click here for India Business Update Mobile Version LEAD STORIES DOMESTIC CAR SALES UP 7% IN MAY; SLOWEST IN 2 YRS Domestic passenger car sales posted its slowest growth in two years on rising fuel prices and interest rates. read more SENSEX ENDS FLAT AMID CONCERNS OVER INFLATION Sensex ended at 18,384.90 amid rising food inflation and lack of concrete domestic cues. Nifty fell 5.80 points to end at 5,521.05. read more MONSOON RAINS 16% ABOVE NORMAL IN WK ENDED JUNE 8 Monsoon rains were 16% above normal, indicating gradual progression, which will aid planting of crops like rice, oilseeds, cane and cotton. read more TOP STORIES • Artist MF Husain passes away at 95 in London • I-T dept to seek public views on black money recovery • Black money: 18 Indians on list • WB issues ordinance to acquire 400 acres from Tatas • Food inflation surges to 2-mth high of 9.01% • Good monsoon to bring down inflation by Oct: PMEAC • IIP seen at 5.1% in Apr; new base year from June 10 • IRDA issues M&A norms for non-life insurance cos • BSE seeks nod to issue 65.92 lakh preferential shares • BSE allows trading in 135 addl stocks in derivatives • Reliance Securities settles SEBI probe for Rs 25 lakh • Maruti strike Day 5, production loss at 4,200 units • CBI opposes Shahid Balwa's plea for attending EGM • Raja threatened staff to favour Swan, Unitech: CBI • L&T Finance likely to launch Rs 17.5 bn IPO this mth • GAIL, ONGC, OIL out of $1 bn stake in Advent Energy • Ramdev's trust capital worth Rs 426 cr • ECB holds rates, expected to signal July rise • OPEC ready to act if needed, split was over data • Citi confirms hackers access bank card data more stories TOP VIDEOS ONGC To Consider July 5 As The FPO Date: AK Hazarika, CMD, ONGC Indian Markets To Remain Sluggish, Avoid Investment In Defensives: Raamdeo Agarwal, Director & Co Founder, Motilal Oswal Financial Services No Impact On Industry Margins Due To Cotton Exports: Rita Menon, Textile Secretary AT A GLANCE BSE 18384.9 -9.39 NSE 5521.05 -5.8 TURNOVER Rs. 82,495 cr BSE CASH Rs. 2,235 cr NSE CASH Rs. 8,018 cr NSE F&O Rs. 72,241 cr BULLION GOLD 22553 +30 SILVER 55534 +759 CRUDE NYMEX 102.25 -0.08 BRENT 118.18 +0.33 FOREX $ / Re 44.73 +0.03 £ / Re 73.192 +0.11 € / Re 64.85 -0.3 EVENTS 9-10 June AIMA's 4th Business Responsibility Summit, Le Meridien, New Delhi 10 June Government To Launch New IIP Index 9-11 June Concurrent Seminar On Asian Metallurgy Summit, Bombay Exhibition Centre, Mumbai 10 June Mexican Central Bank Governor Agustin Carstens To Visit India To Seek Support For His Candidature For The IMF Chief Post EXPERT VIEWS "If monsoon is favourable, food prices will come down over the next 2-3 months. Overall inflation rate will come down slowly by October-end. Once monsoon picture becomes clear, I expect decline in prices. We could see WPI at 6.5% by March-end." C Rangarajan Chairman, Prime Minister's Economic Advisory Council "I think what people are completely missing is that the risk is not here in the United States, the risk is in emerging markets. There are just monstrous risks in emerging markets right now in my opinion." Richard Bernstein Market Strategist "There is plenty of oil in the market... Stocks are very high, about three days above the five-year average. If we see the market is imbalanced or some drastic things happen, we will alert our member countries... Saudi Arabia is trying to put more oil on the market, but no-one is buying it." Abdullah Al-Badri OPEC Secretary General WATCH OUT Bazaar Morning Call Hosted by Udayan Mukherjee and Mitali Mukherjee, Bazaar is the benchmark market opening show in the country. Widely acclaimed and winner of leading industry awards, Bazaar sets the tone for the trading day for millions of Indian investors. SHOW TIMINGS Weekdays 8am