| Monday, Aug 29, 2011 | | | SENSEX'S 3RD BIGGEST RALLY OF 2011, UP 567 PTS
Short covering, build-up of fresh longs and positive global cues brought the bulls back on Dalal Street. The upsurge was led by software technology exporting companies on expectations of better earnings after the Federal Reserve said the U.S. economy is poised to grow in the second half of 2011. RIL rose by 4.80% and Infosys by 4.23%. Technology, realty, metal, bank and capital goods gained 4-5%. Sensex shot up by 567.50 points to close at 16,416.33. Nifty surged 171.80 points to close at 4,919.60, after touching the day's high of 4,934.40 points. read more | ASK ME A 100 TIMES, WE MADE NO MISTAKES: KHURSHID
In Devil's Advocate, Karan Thapar grills Union Law Minister Salman Khurshid. Thapar asks him if the government made serious mistakes in their handling of Anna Hazare and his protest against corruption. Khurshid who adeptly handles this hostile interview says, "What we did may not have turned out to be as it would, maybe our anticipation and calculation turned out to be not what we thought it would be, but I'm not prepared to admit that we made mistakes." (SEE 'TOP VIDEOS' -- SALMAN KHURSHID IN DEVIL'S ADVOCATE) read more |
| | | | | | AT A GLANCE | | BSE | 16416.33 | +567.5 | | NSE | 4919.6 | +171.8 | | TURNOVER Rs. 101,963 cr | | BSE CASH Rs. 1,837 cr | | NSE CASH Rs. 9,482 cr | | NSE F&O Rs. 90,644 cr | | | | BULLION | | GOLD | 26712 | -926 | | SILVER | 61224 | -2290 | | | | CRUDE | | NYMEX | 87.03 | +1.66 | | BRENT | 112.39 | +1.03 | | | | FOREX | | $ / Re | 46.04 | -0.11 | | £ / Re | 75.366 | +0.03 | | € / Re | 66.709 | -0.18 | | | | EVENTS |
| | 31 August |  | 'Wise Men' Of Business To Meet | |
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| | 5 September | | SAT To Hear Sahara's Plea On OFCDs | |
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| | 5-7 September | | India Japan Global Partnership Summit, Tokyo, Japan | |
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| | 6-7 September | | 10th Annual Conference On IT In Power, The Grand, New Delhi | | World Energy Policy Summit, ITC Maurya, New Delhi | |
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| | 8-9 September | | FICCI Heal 2011, "From Dis-ease To Health-ease", New Delhi | |
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| | EXPERT VIEWS |
| | "I think we have done a little bit to bring about more uniform kind of regulations in this (NBFC), because when you look at the activity of, margin financing, there are regulations by SEBI on stockbrokers, there are regulations by banks on margin financing. But the regulations on NBFCs for margin financing were not there."
Usha Thorat
Director, Centre For Advanced Financial Research And Learning "The global economy continues to grow, yet not enough. Some of the main causes of the 2008 crisis have been addressed, yet not adequately. There remains a path to recovery, but we do not have the luxury of time. The advanced economies which are struggling must ditch long-term plans for now to bring their debt under control, yet at the same time not introduce austerity measures so fast that it imperils recovery."
Christine Lagarde
IMF Chief "The stereotype reply from economists is that they didn't see the crisis coming because the world had changed. It's very important to have a sense of history in order not to repeat mistakes, at least learn from them. You can never prevent another crisis but at least you can mitigate the chances of a crisis blowing up or indeed if a crisis were to occur you will be well equipped to handle it."
D Subbarao
RBI Governor |
| | WATCH OUT |  Storyboard
As the anti-corruption stir intensified, Storyboard spoke to the India Against Corruption stable to find out the communication strategy that galvanized a nation. Find out how the Anna effect has helped TV news channels, and why brands have lessons to learn from a movement that marks societal change. | SHOW TIMINGS Tue 7:30 pm
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