Home, auto loans to cost more as RBI hikes rates: Bankers

Home, auto loans to cost more as RBI hikes rates: Bankers
	Dated:16 September,2011

Market Round-up SENSEX 16933.83 57.29 NIFTY 5084.25 8.55 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Man Infraconstruction Lt 135.70 + 16.63 Thomas Cook (India) Ltd. 53.70 + 12.82 Pradip Overseas Ltd. 66.35 + 12.27 Salora International Ltd. 28.20 + 11.46 Landmark Property Develop 3.00 + 11.11 NSE Losers Scrip Price(Rs.) %Change SRS Ltd. 33.25 -42.67 Refex Refrigerants Ltd. 13.55 -9.97 Saksoft Ltd. 67.75 -9.43 Sanghi Polyesters Ltd. 1.50 -9.09 Goenka Diamond & Jewels L 41.60 -8.57 Top Headlines Home, auto loans to cost more as RBI hikes rates: Bankers Banks need to pass on the hike to customers as their cost of funds has gone up, Indian Overseas Bank Chairman and MD M Narendra said. Sensex ends in green; realty, power, auto gain Benchmarks extended winning streak for third consecutive session and ended in the positive terrain in volatility marred session after the RBI hiked key policy rates. Europe & US to face 10 years of slow growth: Gordon Brown The Europe and the US could face 10 years of slow growth and high unemployment if a global solution for debt crisis is not implemented soon, Gordon Brown said. Views on Stocks/Markets Buy Tata Motors and Dr Reddy: Rajat Bose Wait and watch for ONGC: Mitesh Thacker Buy TVS and Havells India: Sandeep Wagle IPO/Global Markets HK shares end up 1.4% Nikkei climbs over 2% ONGC's FPO postponed Rupee / Gold Re up 29 paise against dollar Gold down by Rs 550 Gold heads for biggest drop More 'Market' News Pantaloon to sell Future Capital stake in 6 months As one of the first steps toward achieving the goal, Pantaloon Retail India Ltd will divest its stake in Future Capital Holdings within the next four to six months. Will the Adidas and Reebok joint operating model work? Now Adidas may have bought over Reebok in 2006 but the joint operating model, or JOM, as they call it, kicked in as recently as May 1 of this year in India. After petrol price rise HPCL, BPCL & IOC pare early gains Shares of state-run oil marketing companies surged nearly 3% in early trade after state-run oil firms raised petrol prices by Rs 3.14 per litre.