SENSEX ENDS FLAT AFTER ERASING 217 PTS GAINS; IT DIPS 2.7%

Tuesday, Oct 11, 2011

FORGET ABOUT SLOWDOWN, INDIA TO GROW AT 8%: PM  
The Indian economy will achieve near 8 percent growth in the current financial year despite the global slowdown, while lowering inflation remains a challenge in the short term said Prime Minister Manmohan Singh. India's September headline inflation data is due on Friday. read more  
INDIA MUST STAND ON ITS OWN FEET: PM  
Highlighting multiple challenges faced by the country, Prime Minister Manmohan Singh today said the task of coordinated response to global problems has become more difficult as major powers are "pre-occupied" and India must strengthen its capabilities and "stand on our own feet". read more  

LEAD STORIES
SENSEX ENDS FLAT AFTER ERASING 217 PTS GAINS; IT DIPS 2.7%  
Markets consolidated after two-day rally. Nifty started strong, but fell on European cues, closing at 4,974. Sensex closed at 16,536.5 down 21 points. read more
RBI UNVEILS CHEAPER CREDIT FOR EXPORTERS  
RBI announces 2% interest subsidy on Rupee export credit to the labour-oriented and SME sectors to cushion them from slowdown in the major markets. read more

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AT A GLANCE
BSE 16536.47 -20.76
NSE 4974.35 -5.25
TURNOVER
Rs. 120,467 cr
BSE CASH
Rs. 2,683 cr
NSE CASH
Rs. 11,430 cr
NSE F&O
Rs. 106,354 cr
BULLION
GOLD 26761 +98
SILVER 53182 +154
CRUDE
NYMEX 85.27 -0.14
BRENT 108.88 -0.07
FOREX
$ / Re 49.335 +0.37
£ / Re 76.913 +0.23
€ / Re 67.07 +0.28
EVENTS

12 October
Conclave On Healthcare And IPR Post 2005 Amendment, New Delhi


12-13 October
India-Africa Business Partnership Summit, Hyderabad International Convention Centre, Hyderabad


13-14 October
Seminar On Legal Formulations For Sustainable Water Management, New Delhi


14 October
Conference On Business Opportunities In Africa: New African Footprints, New Delhi


(On India Inc's second open letter)"It is a combination of everything. When retail corruption, where a large number of people are involved rises vertically to corporates, then bureaucrats and then the ministers of the Cabinet going to jail, it leads to lack of respect for our democracy."

Bimal Jalan
Former RBI Governor
(In an open letter to Advani) "Advani's Jan Chetna Yatra holds a very special place, because of his fight against corruption, demand for bringing black money stacked in foreign banks. I believe that this "Jan Chetna Yatra" against corruption will change India's future."

Narendra Modi
Chief Minister, Gujarat
"We are fighting for systemic changes. We are not campaigning for anyone or asking voters to vote for a particular candidate. We are not responsible if opposition is benefited. It is the Congress which is responsible for this. There is no truth in the claims that Anna wants to become President of India. This is completely absurd. Complete bunkum."

Arvind Kejriwal
Member, Team Anna

WATCH OUT  
Infosys Boardroom  
It has been a brutal year for investors in India. With high interest rates, volatile markets and a troubled global economy, expectations from Q2 are muted. However, with a depreciating rupee, can Infosys bring in some optimism? Will Infosys disappoint or can it lead an IT revival? This earnings season will hold the key to the future of the markets.
SHOW TIMINGS
12 Oct. 10 am onwards


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