Sensex Down 211 Pts At 18,226, Nifty at 5,495; RBI Rejects Suggestion Of Auctioning Bank Licenses

Tuesday, Apr 09, 2013 SENSEX DOWN 211 PTS; NIFTY AT 7-MTH LOW SUB-5,500   Markets extended losses for a 5th session on Tuesday on concerns that FIIs have sold Indian equities for 4 consecutive sessions for a net total of $137 mn, ahead of expectations of lacklustre earnings. Sensex closed at 18,226, down 211 pts after falling 350 pts from the day's highest point & closing at lowest level since Sept 13, 2012. Nifty fell below the crucial 5,500 mark closing at 5,495, down 47 pts. Stocks like ONGC fell 2.9%, while Infosys fell 2.3%, extending losses for a 4th session on worries that earnings may disappoint. read more   LEAD STORIES AUCTION OF BANK LICENCES 'NOT POSSIBLE': RBI  RBI governor briefed parliamentary panel on need for more bank licences; CNBC-TV18 learns that Subbarao opposed panel suggestion to auction licenses. read more TCS BUYS FRENCH I.T. PROVIDER ALTI FOR RS 530 CR  Acquisition highlights I.T. industry's growing interest in France & Germany. Alti had revenues of 126 mn Euros in 2012 with customers in fin svcs. read more SEBI SUMMONS SUBRATA ROY, OTHERS TOMORROW  Market regulator seeks to ascertain personal wealth & company investments, to move ahead on sale of immovable assets to refund investors. read more TOP STORIES • No headway on Land Bill, parties to meet on Apr 18   • DoT: EGoM may seek TRAI views on spectrum pricing   • HC rejects plea to stay Taj Mansingh auction   • Ravi Ruia moves SC challenging 2G court order   • Close to Rs 6,000 cr R-Com-Batelco deal in final stages   • Saudi firm to buy out Hinduja's 51% in lubricant JV   • Pearson buys 50% of Educomp's stake in IndiaCan   • Hearing on Sterlite copper smelter deferred to Friday   • Sistema plans up to $1 bn investment in India   • Wipro slumps 12% after splitting off non-I.T. biz   • GSPC seeks $14.2 per mmBtu price for KG basin gas   • RIL sniffs gas in 1st exploration well in 5 yrs   • Cairn finds more oil in Rajasthan block   • Maruti's Manesar fallout: a management shuffle   • SIAM against reducing import duty on European cars   • Yamaha to develop $500-bike in India for global mkts   • Still considering domestic airline in India: Branson   • NKorea situation could become 'uncontrollable': UN   • Google is not buying out WhatsApp for $1 bn   • U.S. uses lottery to choose recipients of H-1B visas   more stories TOP VIDEOS I Believe Steps Are Being Taken In The Right Direction In Bengal But It Will Take Many Years. Narendra Modi Addresses Bengal Inc In Kolkata   Mkt Fall Not Yet Over, Monsoon Can Provide Relief: UR Bhat, MD, Dalton Capital Advisors

CV Segment Seen Struggling; But No Alarms Yet: Pawan Agrawal, Director, CRISIL Ratings  

AT A GLANCE BSE 18226.48 -211.3 NSE 5495.1 -47.85 TURNOVER Rs. 179,693 cr BSE CASH Rs. 1,651 cr NSE CASH Rs. 9,401 cr NSE F&O Rs. 158,574 cr

BULLION GOLD 29686 +146 SILVER 52067 +869

CRUDE NYMEX 93.4 +0.04 BRENT 104.78 +0.12

FOREX $ / Re 54.58 +0.02 £ / Re 83.401 +0.07 € / Re 71.123 +0.06

EVENTS TO WATCH

10 April

Leveraging Innovative Security Solutions For Banks & Financial Institutions, Mumbai PM To Participate In The Second Round Of Inter Governmental Consultations With Germany. IPL 6, Match 10, Kings XI Punjab Vs Chennai Super Kings, Mohali

11 April

AIMA Managing India Awards 2013, Taj Palace, New Delhi

12 April

Infosys To Announce 4th Quarter & Annual Results

EXPERT VIEWS

"This acquisition underlines our long-term, strategic commitment to France, which is the third-largest IT services market in Europe. The acquisition of Alti SA will help us serve our clients in France and across Europe more comprehensively with an expanded set of services and solutions."

N Chandrasekaran
TCS Managing Director and CEO

"When the UPA came to power people can actually see the decline of India in front of our eyes. This is happening because of the UPA. The govt at the Centre is hitting out at all non-UPA states. There is rampant injustice."

Narendra Modi
CM, Gujarat

"You know why they are protesting. I have 10 lakh people with me. I can bring them to Delhi. They (the protesters) don't want development of West Bengal. There are political differences, but there has to be a limit. I have every right to meet the planning commission and PM. Today's attack was a breakdown of the constitution."

Mamata Banerjee
CM, West Bengal

WATCH OUT