Sensex Up 200 Pts; Gold Hits Rs 28,540, Rupee Hits 9-Mth Low

Monday, Aug 22, 2011

SPECIAL LEAD
DAY 7: WILL ONLY SPEAK TO PMO OR RAHUL: ANNA
Anna Hazare made it clear that he would only negotiate with either Prime Minister Manmohan Singh or Congress General Secretary Rahul Gandhi on the Lokpal issue. The 74-year-old social activist clarified that he will not negotiate with any other mediator including Union Home Minister P Chidambaram or Union Telecom and HRD Minister Kapil Sibal. read more
GOVT OPEN TO REASONED DEBATE ON LOKPAL BILL: PM
Worried over the ongoing Anna Hazare agitation, Prime Minister Manmohan Singh offered a reasoned debate on the Lokpal Bill. The Prime Minister also expressed his confidence that the Government will come up with systematic ways to tackle corruption. read more
CNN-IBN'S 5-POINT SOLUTION TO END LOKPAL LOGJAM
Here goes CNN-IBN's proposal: 1. The govt should withdraw the Lokpal Bill introduced in Parliament; 2. Team Anna should not insist on adopting the Jan Lokpal Bill in its present form; 3. Set up a joint task force of eminent citizens, Team Anna, govt and Opposition members; 4. Task force to come up with a Consolidated Bill within 1-month; 5. A Special 3-day session of Parliament should be called before Diwali to debate the new bill and pass it. read more
LEAD STORIES
SENSEX REBOUNDS FROM 15-MTH LOWS, ENDS 200 PTS HIGHER
Sensex ended up at 16,341.70 points amid positive cues in European markets. Nifty was up 53.15 points at 4,898.80. RIL rose 3.3% and ICICI Bank 2.3%. read more
GOLD AT NEW HIGH OF RS 28,540; RUPEE HITS 9-MTH LOW
Gold surged to an all-time high of Rs 28,540 per 10 grams on bullish trend in international markets. Rupee weakened to nine-month low of Rs 46.10/$. read more

TOP STORIES
Wipro, Godrej, Dabur may bid for Reckitt India unit

TOP VIDEOS

AT A GLANCE
BSE 16341.7 +200.03
NSE 4898.8 +53.15
TURNOVER
Rs. 175,359 cr
BSE CASH
Rs. 1,999 cr
NSE CASH
Rs. 9,555 cr
NSE F&O
Rs. 163,805 cr
BULLION
GOLD 27861 -93
SILVER 65422 -839
CRUDE
NYMEX 83.27 +1.01
BRENT 107.28 -1.34
FOREX
$ / Re 45.67 -0.07
£ / Re 75.312 +0.07
€ / Re 65.787 +0.16
EVENTS

23 August
Karnataka To Hold Meeting With POSCO Officials
Nine Opposition Parties To Hold Nationwide Protest On Corruption


24 August
High Level Committee Under Textiles Ministry To Meet To Take Stock Of The Prevailing Situation, Tirupur, TamilNadu


25-26 August
2nd Annual Conference On Dredging In India, Needs & Requirements, Issues & Opportunities, Grand Hyatt, Mumbai
10th Oil & Gas HR Round Table, ITC Grand Central, Mumbai


26 August
India SME Leadership Summit, Hyatt Regency, Mumbai
Federal Reserve Chairman Ben Bernanke Speech, Jackson Hole, U.S.


5 September
SAT To Hear Sahara's Plea On OFCDs

EXPERT VIEWS

"The Prime Minister says through you (media) that the Government is ready to talk with us. We have not got any concrete proposal from the Government. We will not react untill we get a concrete proposal from the Government. I request people not to vote for their MPs if they do not support the Jan Lokpal Bill."

Arvind Kejriwal
Social Activist
"If we can continue to grow at this rate, we are well-positioned to be the country with the third-largest GDP in the world by 2025. But robust growth would not happen automatically by simply proceeding on a business-as-usual basis. It may seem that a transition (from 8.2% in 11th Plan) to 9% growth is not difficult. However, it is in fact a very ambitious target given the current global economic situation."

Manmohan Singh
Prime Minister
"The momentum against the Gaddafi regime has reached a tipping point. Tripoli is slipping from the grasp of a tyrant. The Gaddafi regime is showing signs of collapsing. The people of Libya are showing that the universal pursuit of dignity and freedom is far stronger than the iron fist of a dictator."

Barack Obama
U.S. President

WATCH OUT
Overdrive
This week the Porsche Cayenne S takes on India's best endurance biker in a one of a kind roadtest. Also on the show, 2 lucky Overdrive viewers learn to drift a Porsche at Silverstone; Auto Selector with Sirish and all this week's motoring news.
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