Sensex Ends Flat; Hurricane Fear Shuts Down NYSE

Hurricane Fear Shuts Down NYSE                                                 Monday, Oct 29, 2012 BANKS' FINANCIALS A PACK OF LIES, RBI MUM: AMBIT   Brokerage house Ambit feels that Indian banks' financial numbers are not "worth the paper they are written on" and is of the view that the Reserve Bank of India is turning a blind eye to the rampant cooking of books by both private and public sector banks. read more   RBI CUTS FY13 GDP FORECAST TO 5.7% VS 6.5%   The RBI, in its review of macroeconomic development, felt reform efforts are a move in the right direction but warned that inflation remains a risk. Still, the RBI's language was less hawkish than in the recent past, as it said inflation pressure is likely to moderate starting in the January-March quarter, a sign it may soon be ready to ease policy interest rates after leaving them unchanged since April. read more   LEAD STORIES FM UNVEILS 5-YR FISCAL PLAN; SIGNALS RBI TO CUT RATES   Finance Minister P Chidambaram said that the govt will continue efforts to restrict fiscal deficit in FY13 to 5.3% and reduce it to 3% by 2016-17. read more CNBC-TV18 CREDIT POLICY POLL: 80% EXPECT CUT IN CRR   There is almost a war cry out there for a rate cut. 20% expect a 50 bps CRR cut. Importantly, 40% of those polled expect CRR and Repo rate to be cut. read more SENSEX ENDS FLAT ON WEAK EARNINGS, GLOBAL MKTS   Markets showed resilience despite weak earnings, trading on hope of a rate cut by RBI tom. Sensex closed up at 18,635.82. Nifty at 5,665.60. read more HURRICANE FEAR SHUTS DOWN NYSE; 3,000 FLIGHTS HIT   Hurricane Sandy, the monster storm bearing down on the East Coast saw public transport and the U.S. stockmarkets shut down, its first in 27 years. read more TOP STORIES • Rupee falls to over 1-mth low; down 52 paise at 54.08   • ONGC well in K-G block leaking gas for over 2 mths   • Post-reshuffle, UPA-2 becomes a Congress government   • New Rail Min Pawan Bansal may hike passenger fares   • Media "defaming" me, plan legal action: Gadkari   • No plans to sell SUUTI stake as of now: FM   • Indore industrialist Akanksha Rathi found dead   • FII holdings close to record high: Morgan Stanley   • Idea Cellular may be most aggressive 2G bidder   • Govt awaiting operators reply on 3G roaming pacts   • BOI Q2 net down 38.5% on higher provisioning   • BHEL misses forecast; Q2 net down 10% at Rs 1,274 cr   • UB stock fall 10% as Mallya doubtful about Diageo deal   • Oil slips to $109 as Sandy shuts U.S. refineries   • SEBI seeks clarifications on Bharti Infratel IPO   • Sanjay Jayavarthanavelu appointed CMD of LMW   • Hyundai Motor hikes prices up to Rs 5,000 from Nov   • Modi calls Tharoor's wife 'Rs 50 cr girlfriend'   • Toyota headed to record global sales   • Penguin, Random merging in 2.4 bn pound deal   more stories TOP VIDEOS Part Of My Job Is To Tell The Truth As I See It. 5.1% Is Challenging, But 5.3% Is Doable: Finance Minister P Chidambaram   Take Some Positions Off The Table Ahead Of Elections (U.S.) Because The Implications Of This Poll Are Substantial For Markets: John Woods, MD, Citi Private Bank   DEVIL'S ADVOCATE: Probe Digvijaya's Claim Against BJP Leaders: Former Chief Justice JS Verma   AT A GLANCE BSE 18635.82 +10.48 NSE 5665.6 +1.3 TURNOVER Rs. 104,123 cr BSE CASH Rs. 1,962 cr NSE CASH Rs. 9,165 cr NSE F&O Rs. 77,230 cr BULLION GOLD 31110 +88 SILVER 59554 -149 CRUDE NYMEX 85.88 -0.4 BRENT 109.94 +0.39 FOREX $ / Re 54.08 +0.52 £ / Re 86.744 +0.52 € / Re 69.774 +0.48 EVENTS TO WATCH 29-30 October CII Media & Entertainment Summit 2012 On 'India - The Big Picture', Leela Palace, New Delhi 30 October RBI Credit Policy 31 October Oil Ministry, RIL Meet On KGD6 Audit 1-2 November Morningstar Investment Conference 2012, Grand Hyatt, Mumbai 2 November CNBC-TV 18's India Business Leader Awards 2012, NCPA, Mumbai 6 November U.S. Presidential Election

"As fiscal consolidation takes place and investors' confidence increases, it is expected that the economy will return to the path of high investment, higher growth, lower inflation and long-term sustainability." P Chidambaram Finance Minister "Certain media groups are acting as 'dalals' (agents) of Congress party. Two English TV channels and one English national daily are behind the vicious campaign against me and are playing into the hands of Congress." Nitin Gadkari BJP Chief This is a serious and big storm (Hurricane Sandy). We don't yet know where it's going to hit, where we're going to see the biggest impacts. Barack Obama President of America