Gold Prices Hit 5-Month Low At Rs 30,487; Sensex Below 20k, Hits 3-Week Low

Monday, Feb 04, 2013

LEAD STORIES
STRIKES, LOCKOUT HAUNT MFG SECTOR IN BENGAL
West Bengal wakes to strike threat at jute mills even as effect of closure of Videocon, Dunlop are yet to die down. Is it back to old days? read more
GOLD PRICES HIT 5-MONTH LOW AT RS 30,487
Gold traders tried clearing off old stocks even as Gold hit its lowest level weighed by a stronger Rupee. But it recovered to close at Rs 30,612. read more
SENSEX BELOW 20K, HITS 3-WEEK LOW
Sensex ended at 19,751 down 30 pts, while Nifty closed at 5,987.25 on back of weak earnings of BoB & IDFC, while profit booking was seen in ONGC. read more
TOP STORIES
Etihad board to consider Jet proposal in a week: CEO  
Shell India to challenge Rs 15,220 cr tax demand  
Nestle India to buy 26% stake in Indocon Agro  
Commercial use of Bombay Dyeing's mill illegal: Govt  
Tata Motors to soothe vendors with compensation  
Govt to sell stake in Balco, HZL through OFS  
BoB net falls after 30 quarters, down 22% at Rs 1,012 cr  
EGoM on Tuesday to decide on NTPC stake sale  
PNB acquires 30% in Metlife  
Retro tax: Voda's Analjit Singh met FinMin officials  
Air India flew Dreamliners after grounding order  
India Inc sought debt recast for 126 cases of Rs 84K cr  
UltraTech Cement to raise $100 mn from IFC  
Bank employees' strike on Feb 20-21  
CWG scam: Charges framed against Kalmadi, 9 others  
Forex violations: Rs 98.5 cr fine on Rajasthan Royals  
Rohinton Nariman quits as Solicitor General of India  
India has remained oddly backward: Amartya Sen  
TN finally gets a date! Vishwaroopam to release Feb 7  
Football match-fixing probe finds 680 suspicious games  
more stories
TOP VIDEOS
Determined To Get Dreamliner Fleet Back In Air...Hundreds Of Technical Experts Basically Focused On Figuring Out What Happened. Dinesh Keskar, President, Boeing India  
I Expect Inflation To Surprise On The Softer Side & Fiscal Deficit For FY14 Will Be At 4.7-4.8%: Naina Lal Kidwai, Country Head, HSBC India  
Economic Strategies Are Dynamic & Need Reviewing, In The Light Of The Experience Of The Global Crisis, There Will Be A New Type Of Normal: Y V Reddy, Former RBI Governor  
AT A GLANCE
BSE 19751.19 -30
NSE 5987.25 -11.65
TURNOVER
Rs. 108,689 cr
BSE CASH
Rs. 1,955 cr
NSE CASH
Rs. 11,294 cr
NSE F&O
Rs. 87,066 cr
BULLION
GOLD 30155 +120
SILVER 58067 -351
CRUDE
NYMEX 96.35 -1.42
BRENT 115.79 -0.97
FOREX
$ / Re 53.285 +0.09
£ / Re 83.828 +0.45
€ / Re 72.244 -0.28
EVENTS TO WATCH
6 February
Madras High Court Hearing On 'Vishwaroopam' Ban
10 February
2013 Grammy Awards, Staples Centre, Los Angeles
11 February
Special CBI Court Verdict On Bharti-Vodafone Chargesheet
15 February
EPFO Trustees Meet TO Decide On PF Interest Rate
20-21 February
Bank Employees To Go On Strike
BIG ADVANTAGE INDIA BUSINESS UPDATE
The CNBC-TV18 India Business Update really is a one-stop solution. I find it a very useful summary of the business information during the day. And, it gives me a very good idea of what is happening, especially in India and also outside of India.
Adi Godrej
Chairman, Godrej Group
"The (BJP)parliamentary board will choose one from among the eight top leaders at an appropriate time as the prime ministerial candidate. Manmohan Singh is a prime minister on deputation with remote control in Sonia Gandhi and Rahul Gandhi's hands."

Mukhtar Abbas Naqvi
Vice President, BJP
"India is not even Bangladesh. Only 9 to 10% of Bangladesh is without toilets. Immunisation rates in Bangladesh are at 96%. India is far behind. Bangladesh comprehensively overtakes India in most human development categories except per capita income. I think women's agency made a big difference in Bangladesh. Women got involved in family planning, immunisation, health care early."

Amartya Sen
Economist
"All sections, including political parties, should rise above partisan interests to support the issue (sexual violence against women). The government has been "completely faithful" to the Verma Committee recommendations and has come up with a "satisfactory" ordinance."

P Chidambaram
Finance Minister
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