Sensex Tumbles 425 Pts, Nifty 127 Pts; Rupee Hits New Low At Rs 52.15/$; Mayawati Gets `Split UP Resolution` Passed Without Debate; NDA To Boycott Chidambaram In Parliament

Monday, Nov 21, 2011 SENSEX DIVES 425 PTS, SLIPS BELOW 16,000 LEVEL   It was a Black Monday with both Sensex and Nifty falling for the eighth consecutive day on the back of a weak rupee and concerns over U.S. and Eurozone debt crises. The rupee falling to 32-month low saw huge sell-off by foreign investors. The Sensex closed at one and half month lows -- its biggest fall since May 3, 2011. It plunged 425.41 points to close the day at 15,946.10 led by fall in 28 stocks. Likewise Nifty fell 2.6%, or 127.45 points, to end at 4,778.35. Incidentally, Sensex shed more than 1600 points in the last eight days. Market experts feel that unless the rupee and inflation fall in place, there is not much hope for the markets at least in the short-term and medium-term. read more   LEAD STORIES RUPEE HITS 33-MONTH LOW OF 52.20 AGAINST DOLLAR   Indian rupee touched the 52 per dollar mark for the first time in thirty two and a half months as markets weakened and oil importers bought dollars. read more MAYA GETS 'SPLIT UP RESOLUTION' PASSED WITHOUT DEBATE   The UP Assembly passed a controversial resolution on splitting the state into 4 parts by voice vote after which the lower house was adjourned sine die read more 2G: NDA TO BOYCOTT CHIDAMBARAM IN PARLIAMENT   NDA will not allow P Chidambaram to speak in either the LS or RS unless the PM gets him to resign in the 2G spectrum allocation case. read more TOP STORIES • SEBI's U K Sinha gets Supreme Court lifeline   • Infosys to meet Q3 guidance but not upper end   • FY12 fiscal deficit to breach 4.6% of GDP: Montek   • China warns ONGC Videsh on SCS oil exploration   • Winter session starts tomorrow; 16 bills to be passed   • SC ruling on Subhkam unclear on 'negative' control   • Power tariff: State regulators can revise rates   • IT spending to grow 9% to touch $80 bn in 2012   • Falling rupee: Exporters pressurised to offer discount   • IPO rigging: Sebi needs to punish, not just prevent   • Black money: Notices sent to LGT bank a/c holders   • Reliance lobbyist gives fake address to telco co   • GAIL scam alleged in Reliance gas field   • Strike at Dr Reddy's Labs unit called off   • Tata Motors rolls out revamped Nano at same price   • Govt to probe 10 NGOs over end-use of funds   • Motorola launches new Razr at Rs 33,990   • Dubai Shopping Festival to begin on Jan 5   • Biz secrets get leaked on social media websites   • Eurozone not working, words alone won't fix it: Buffett   more stories TOP VIDEOS Period Of Enormous Currency Volatility Across The Globe, Huge Change Globally Resulting In India's Retraction In Growth: Montek Singh Ahluwalia, Dy Chairman, Planning Commission   Urea Investment Policy Under Discussion & Not Rejected: Satish Chander, Director General, Fertilizer Association Of India   Euro Zone Not Working, Words Alone Won't Fix It: Warren Buffett, Chairman & CEO Berkshire Hathway   Negative Newsflow From EU Weighing On Commodities; Rally On Crude May Be Overdone: Jonathan Barratt, MD, Commodity Broking Services   AT A GLANCE BSE 15946.1 -425.41 NSE 4778.35 -127.45 TURNOVER Rs. 186,205 cr BSE CASH Rs. 1,999 cr NSE CASH Rs. 8,968 cr NSE F&O Rs. 175,237 cr BULLION GOLD 28789 +85 SILVER 54548 -1302 CRUDE NYMEX 96.65 -1.02 BRENT 106.93 -0.63 FOREX $ / Re 52.16 +0.82 £ / Re 81.391 +0.49 € / Re 70.088 +0.9 EVENTS 22 November Winter Session Of Parliament Begins 25th Annual Conference Of The Indian Society Of Agricultural Marketing, Hyderabad 22-24 November Indian Steel 2011 â€" Steel And Raw Materials Forum Organized By Mjunction Services, Trident, Mumbai 23 November Quant-Based Investing Arranged By Edelweiss Asset Management, Mumbai India Heritage Tourism Conclave 2011, India Habitat Centre, New Delhi 26 November Symposium On International Commercial Arbitration By LCIA, Marriott, Ahmedabad "The government proposes to remove judiciary, citizen charter, whistle blower protection, Group C and Group D employees and CBI from Lokpal jurisdiction. Wouldn't that reduce Lokpal to an empty tin box with no powers and functions?" Anna Hazare Anti-Corruption Crusader (On resolution to split Uttar Pradesh) "Allegations of Opposition parties terming the resolution as a political stunt are entirely wrong as immediately after forming the government in 2007, a letter was sent to the Prime Minister in this regard. When the Centre took no decision on this, the government was forced to bring a resolution after getting it approved by the Cabinet." Mayawati Chief Minister, Uttar Pradesh "There is a major flaw in the euro system ... I do know the system as presently designed has a major flaw and that flaw won't be corrected just by words. Europe will either have to come closer together or there will have to be some other rearrangement because this system is not working..." Warren Buffet Chairman & CEO, Berkshire Hathway WATCH OUT   Overdrive   On Overdrive this week, Sirish tests the new Mercedes SLK 350, we answer your motoring queries on auto selector & Bert takes the Toyota Corolla Altis on a luxury trip. Also catch all this weeks motoring news & details of the CNBC-TV18 Overdrive Awards Viewers Choice Contest. SHOW TIMINGS Tue 6:30 pm