SENSEX HITS 20-MTH LOW ON WEAK ASIAN CUES; DOWN 72 PTS

Wednesday, Oct 05, 2011

SENSEX HITS 20-MTH LOW ON WEAK ASIAN CUES; DOWN 72 PTS  
PLUNGING BIZ ACTIVITY FUELS RECESSION FEARS  
Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday. read more  
RICH RUN FOR COVER AS TURMOIL HITS WEALTH  
The world's wealthiest families have embarked on damage limitation rather than seeking to boost their fortunes as financial turmoil erodes their riches, with some so worried they are putting their money in 'catastrophe' portfolios. "We have to explain to our clients, it's not about making money these days, it's about keeping wealth," said Ivan Adamovich, head of the Geneva operations of Swiss bank Wegelin. read more  
LEAD STORIES
SENSEX HITS 20-MTH LOW ON WEAK ASIAN CUES; DOWN 72 PTS  
Sell-off in heavyweights pushed markets to close in red after a volatile session. Sensex closed at 15,792.41, Nifty fell 20.85 to end at 4,751.30. read more
MOODY'S RETAINS C- RATING OF ICICI BANK  
A day after SBI was downgraded, Moody's today re-affirmed its rating for ICICI Bank to a financial strength rating of 'C-'. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 15792.41 -72.45
NSE 4751.3 -20.85
TURNOVER
Rs. 110,410 cr
BSE CASH
Rs. 2,066 cr
NSE CASH
Rs. 10,025 cr
NSE F&O
Rs. 98,318 cr
BULLION
GOLD 25935 +35
SILVER 50330 +107
CRUDE
NYMEX 77.74 +2.07
BRENT 101.06 +1.27
FOREX
$ / Re 49.34 -0.06
£ / Re 76.136 -0.33
€ / Re 65.678 -0.25
EVENTS

10 October
2G Case: Next Hearing In Supreme Court


11 Octorber
FCCB Case: Bombay HC To Hear Wockhardt Issue
Trade Board To Review Export Performance


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

EXPERT VIEWS

"Pakistan is our twin brother, India is a great friend. The agreement we signed with our friend will not affect our brother. This strategic partnership ... is not directed against any country ... this strategic partnership is to support Afghanistan."

Hamid Karzai
President, Afghanistan
"The Courts have repeatedly held that in exercise of its power of eminent domain, the State can compulsorily acquire land of the private persons but this proposition cannot be over-stretched to legitimise a patently illegal and fraudulent exercise undertaken for depriving the landowners of their constitutional right to property with a view to favour private persons."

Justice GS Singhvi
Supreme Court
"The rich have access to the digital world, the poor and ordinary have been excluded. Aakash (tablet) will end that digital divide."

Kapil Sibal
Telecom Minister

WATCH OUT  
Global Turmoil: Views from the Continent  
The huge turmoil that is currently gripping Europe is one of the key factors influencing markets across in India & across the world. In this special series, Udayan Mukherjee travels to London to speak to the best minds from Goldman Sachs, JP Morgan, Fidelity, T. Rowe Price, etc. and understand how Europe is influencing the Indian markets.
SHOW TIMINGS
Sat 10 am & 8 pm
Sun 10 am & 8 pm
IBU Mobile version India Business Update

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