| Thursday, Aug 18, 2011 |  |
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| | | NIFTY HITS 15-MTH LOW, ENDS BELOW 5,000 PTS
Equity benchmarks closed with enormous cuts, spooked by fears of stammering recovery in Europe and U.S. Nifty closed below 5,000 for the first-time since June 2010 at 4,944.15, down 112.45 points. Sensex fell 371.01 points, to end at 16,469.79. France's CAC, Germany's DAX, Britain's FTSE were down 2-3.5%. Dow Jones futures tumbled 173 points. read more | U.S., EU NEAR RECESSION: MORGAN STANLEY
The global economy is "dangerously close to a recession," Morgan Stanley said and slashed its global GDP growth forecast to 3.9% from 4.2% for 2011 and to 3.8% from 4.5% in 2012. read more | RAMLILA MAIDAN NOT READY; ANNA TO STAY IN TIHAR
Anna Hazare will launch his protest at Ramlila Maidan on Friday, as the venue is yet to get readied for the fast and will stay for one more night in Tihar Jail. Close associate Kiran Bedi said the Gandhian will not move out of Tihar Jail till he embarks on his journey to Ramlila Maidan to launch the protest. read more | | | | | | AT A GLANCE | | BSE | 16469.79 | -371.01 | | NSE | 4944.15 | -112.45 | | TURNOVER Rs. 163,630 cr | | BSE CASH Rs. 2,152 cr | | NSE CASH Rs. 10,449 cr | | NSE F&O Rs. 151,029 cr | | | | BULLION | | GOLD | 27107 | +713 | | SILVER | 61357 | +889 | | | | CRUDE | | NYMEX | 83.36 | -4.22 | | BRENT | 107.63 | -2.97 | | | | FOREX | | $ / Re | 45.74 | +0.34 | | £ / Re | 75.147 | +0.07 | | € / Re | 65.288 | -0.2 | | | | EVENTS |
| | 18-19 August |  | 6th Annual Conference On Road Development In India, The Imperial, New Delhi | | 6th Global Summit On Supply Chain & Logistics Management, Sheraton, New Delhi | |
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| | 19 August | | State Finance Ministers Panel Meet To Discuss Issues Related To Roll Out Of Indirect Tax Regime | |
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| | 23 August | | Karnataka To Hold Meeting With POSCO Officials | |
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| | 23-25 August | | FIBAC 2011: Productivity Excellence, Trident, Mumbai | |
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| | 24 August | | High Level Committee Under Textiles Ministry To Meet To Take Stock Of The Prevailing Situation, Tirupur, TamilNadu | |
| | | | | | EXPERT VIEWS |
| | "I can certify that the provisions of the Lokpal Bill put forward by the Hazare team are Constitutional and I think it would be wise for the government to withdraw the (present) bill from Parliament and move a fresh bill after talking to Anna."
Shanti Bhushan
Co-Chairman, Joint Draft Committee, Lokpal Bill "International situation is not very favourable. Commodity prices are high, including of fuel. Therefore, the prices of industrial raw material, other commodities and fuels are uncertain. I hope the monetary policy adopted by the Reserve Bank, along with various measures taken by the (Finance) Ministry... it will be possible to have a moderating influence on the inflationary front."
Pranab Mukherjee
Finance Minister "Our revised forecasts show the U.S. and the Euro area hovering dangerously close to a recession -- defined as two consecutive quarters of contraction -- over the next 6-12 months."
Joachim Fels
Global Economics Team, Morgan Stanley |
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