After 10 Days, Parliament Functions Normally; Sensex Down 71 Pts But Holds 17K; Govt `Absent`, UPA Caught Off Guard In Lok Sabha

Thursday, Aug 11, 2011 Click here for India Business Update Mobile Version LEAD STORIES AFTER 10 DAYS, PARLIAMENT LOGJAM ENDS After 10 days of adjournment since the Monsoon Session started, the Parliament today functioned without any disruption in both the Houses. read more SENSEX ENDS IN RED, BUT HOLDS 17K Sensex closed at 17,059.40 down 71.11 points on fears that high food inflation may lead to rate hike. Nifty ended at 5,138.30 down 22.70 points. read more GOVT 'ABSENT', UPA CAUGHT OFF GUARD IN LOK SABHA The UPA government was caught on the wrong foot when none of its ministers were present during a debate on a bill to amend State Bank of India Act. read more TOP STORIES • Dow, Nasdaq, S&P 500 up in opening trade • Monsoon revives after 2-wk lull, 14% above normal • Food inflation jumps to 4 1/2-mth high of 9.90% • Rupee down 16 paise at 5 1/2-mth low of 45.41/$ • Gold at new high of Rs 26,490, silver gains Rs 1,100 • July exports surge 81% to $29.3 bn • SBI raises lending rates by 50 basis points • Might sell Vodafone stake in 2 yrs : Piramal • Rohit Nandan likely to be new Air India chief • Buck stops with SEBI in MCX-SX case: HC • Tata Motors Q1 net flat at Rs 2,000 cr • Mahindra's multi-media movement 'Spark the Rise' • Coming soon: A Rs 1,000 coin • Telangana stir: 20,000 mfg, 40,000 services jobs lost • President rejects mercy plea of Rajiv Gandhi's killers • Yuan climbs to 17-yr high against the dollar • Riots were 'criminality pure and simple': Cameron • UB launches locally made Heineken beer • RIM launches BlackBerry Bold 9900 at Rs 32,490 • I was a hypocrite: Dalai Lama more stories TOP VIDEOS Investors Now Realise That Moving Out Of Emerging Markets Was A Mistake: Mark Mobius, MD, Templeton Asset Management Exit Guaranteed From Vodafone Irrespective Of IPO: Ajay Piramal, Chairman, Piramal Healthcare Global Economy To See Slowdown, Not Recession: Philip Poole, Global Head Emerging Markets, HSBC Rating Agencies Are Not Relevant, It's Just Another Opinion: James Glassman, Senior Economist, JP Morgan Chase AT A GLANCE BSE 17059.4 -71.11 NSE 5138.3 -22.7 TURNOVER Rs. 120,476 cr BSE CASH Rs. 2,291 cr NSE CASH Rs. 10,344 cr NSE F&O Rs. 107,840 cr BULLION GOLD 25913 -291 SILVER 57850 -1453 CRUDE NYMEX 102.25 -0.08 BRENT 105.8 -0.88 FOREX $ / Re 45.35 +0.1 £ / Re 73.415 +0.45 € / Re 64.365 +0.28 EVENTS 12 August L&T Finance Holdings To List Shares EGoM Meet To Decide On Sugar & Wheat Exports 16 August Finance Ministry To Meet Stakeholders On Jalan Committee Report 17 August High Court Noida Extension Case Hearing SAT To Hear Vaswani Industries IPO Case 18-19 August 6th Annual Conference On Road Development In India, The Imperial, New Delhi 19 August State Finance Ministers Panel Meet To Discuss Issues Related To Roll Out Of Indirect Tax Regime EXPERT VIEWS "Exports have done well... but my sense is that it (high export growth) is not going to sustain. It is simply not sustainable. We should see immediately by August-September growth rates slipping." Rahul Khullar Commerce Secretary "The riots in cities across England were criminality pure and simple, but there were simply far too few police deployed on to our streets and the tactics they were using weren't working. Police chiefs have been frank with me about why this happened. Initially the police treated the situation too much as a public order issue - rather than essentially one of crime." David Cameron Prime Minister, Britian "...now, I feel I am committed to what I have been saying all these years. Religious and political institutions should be separated but while I was saying this, I combined the two myself until now. So in a way I was being a hypocrite." Dalai Lama Tibetan Spiritual Leader WATCH OUT India Business Hour India's benchmark primetime business & current affairs show, IBH leads from the front in decoding the top stories of the day, showcasing the biggest names and giving a holistic perspective on the Indian business environment. IBH is hosted by Shereen Bhan. SHOW TIMINGS Weeknights 9 pm