Tuesday, Dec 20, 2011
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MKT FALLS FOR 5TH DAY; NIFTY HITS 28-MTH LOW
The market closed at 28-month low on Tuesday after it broke the important technical level of 4550. The fall in index heavyweights in the last hour of trade -- and even considering fall over 1000 points on Sensex since last week -- had investors running for cover. Moreover, today's fall was despite not-so-bad global markets. The Sensex fell 204.26 points, to close at 15,175.08. The Nifty touched an intra-day low of 4,531.15, before ending down 68.90 points at 4,544.20. Its August 21, 2009 closing level was 4,528.80. It was clear that bears have taken over the Street and have set up camp for good. read more |
PM OKAYS LOKPAL DRAFT, TEAM ANNA REJECTS IT
Prime Minister Manmohan Singh cleared the draft of the Lokpal Bill on Tuesday according to which the anti-corruption body can supervise only those cases of corruption that are referred to it. The draft accessed by CNN-IBN reveals that the PM, Leader of Opposition and the Chief Justice of India will choose the Lokpal. The proceedings to remove the Lokpal can be initiated if 100 MPs back it. The Lokpal Bill will be tabled in Parliament on December 27, with the Winter Session being extended till December 29 to pass the anti-graft law. read more |
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| AT A GLANCE |
| BSE | 15175.08 | -204.26 |
| NSE | 4544.2 | -68.9 |
TURNOVER
Rs. 148,464 cr
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BSE CASH
Rs. 1,830 cr
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NSE CASH
Rs. 9,450 cr
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NSE F&O
Rs. 137,183 cr
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| BULLION |
| GOLD | 27860 | +168 |
| SILVER | 53416 | +455 |
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| CRUDE |
| NYMEX | 96.96 | +2.91 |
| BRENT | 106.44 | +2.8 |
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| FOREX |
| $ / Re | 52.87 | +0.07 |
| £ / Re | 82.696 | +1.01 |
| € / Re | 69.245 | +0.75 |
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| EVENTS |
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| 21 December |
 | 'The Third M Visvesvaraya Memorial Lecture 2011' To Be Delivered By Dr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission At Cuffe Parade, Mumbai |
| 'National Seminar on Energy Security' Organized By FICCI, New Delhi |
| Anand Sinha, Deputy Governor, RBI To Deliver Keynote Address On "Emerging Paradigm of Accountancy Profession", ICAI, Muscat |
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| 22 December |
| India Healthcare Awards, Taj Palace, New Delhi |
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| 23 December |
| The 106th Annual General Meeting By PHD Chamber, New Delhi |
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| EXPERT VIEWS |
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"The slower-than-expected growth this year could be attributed to global slowdown, which has resulted in slowing down of growth rate in many countries, including India, as well as to tight monetary policy to control inflation."
Namo Narain Meena
Minister Of State For Finance
"Well, I think the very fact that we need a Lokpal is an indictment of our entire apparatus. It means that our institutions are failing. It means that our institutions are being pressurised. That is a serious issue. You do not need a Lokpal when equality under the law is the mandate. It is sad to see that we have to create new institutions to foster higher accountability."
Gopal Subramaniam
Former Solicitor General Of India
"I can only express satisfaction that the Dear Leader (King Jong IL) is joining the likes of Gaddafi, bin Laden, Hitler and Stalin in a warm corner of hell."
John McCain
U.S. Senator
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| WATCH OUT |
 Young Turks Dream Decade
We bring you the finale of special series on the F&B business in India. Catch Sanjay Mahtani of the JSM Corporation, master franchisee of the iconic HardRock brand in India. Also on the show catch the story of Chai Point and Tapri, as they cash in on India's love for chai. Also meet Gaurav Goenka, the MD of the 150 Cr venture, Mirah Hospitality that's brought the Manchester United Café Bar to India.
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SHOW TIMINGS
Wed 7 pm
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