Rly Minister Bansal Quits Amid Bribery Allegations; Nifty Hits 28-Mth High, Sensex Up 143 Pts

Friday, May 10, 2013

LEAD STORIES
MANUFACTURING BOOST SEES IIP REBOUND TO 2.5% IN MARCH 
Manufacturing in March was up 3.2%, mining output fell by 2.9%. However, IIP fell to a 20-yr low of 1% for 2012-13. read more
CAR SALES DOWN 10.43% IN APR, FALLS 6TH MONTH IN A ROW 
High interest rates, rising fuel costs and the dark clouds hanging over the economy have resulted in worst car sales decline in history. read more
RLY MINISTER BANSAL QUITS AMID BRIBERY ALLEGATIONS 
Bansal resigned amid allegations of corrupt practices by his close relatives and aides. Mallikarjun Kharge may be appointed as new Rly Min. read more
NIFTY AT 28-MTH HIGH, CLOSES AT 6,094.75; SENSEX UP 143 PTS 
FII buying boosted markets, taking their total investment to $12.73 bn in 2013. Sensex closed at 20,082.62. ITC hit new high, up 2.5%. read more
TOP STORIES
TOP VIDEOS
AT A GLANCE
BSE 20082.62 +143.58
NSE 6094.75 +44.6
TURNOVER
Rs. 156,478 cr
BSE CASH
Rs. 3,404 cr
NSE CASH
Rs. 9,685 cr
NSE F&O
Rs. 119,990 cr
BULLION
GOLD 26646 -520
SILVER 44502 -663
CRUDE
NYMEX 93.67 -2.72
BRENT 102.08 -2.39
FOREX
$ / Re 54.8 +0.55
£ / Re 84.107 +0.15
€ / Re 71.01 +0.13
EVENTS TO WATCH
11 May
IPL 6, Match 53, Pune Warriors vs Mumbai Indians, Pune
IPL 6, Match 54, Kings XI Punjab Vs Sunrisers Hyderabad, Mohali
12 May
IPL6, Match 55, Kolkata Knight Riders Vs Royal Challengers Bangalore, Ranchi
IPL6, Match 56, Rajasthan Royals Vs Chennai Super Kings, Jaipur
13 May
NMDC To Discuss Taj Mansingh Auction
NSE To Launch Debt Segment

EXPERT VIEWS
"We are happy to see IIP numbers. This is exactly the trend we are hoping. If (the trend) continues, inflation comes down and growth begins to pick up, I am quite confident that growth in the current fiscal would cross the 6 per cent mark."

Arvind Mayaram
Economic Affairs Secretary
"Trai has said that we will need at least 500 Mhz of spectrum to meet the demand that we have. What we are suggesting is that it is time that we put all of the spectrum for auction.Under Supreme Court order we will be able to put up all spectrum in 1800 Mhz band. We are dithering. Why is it taking too long?"

Rajan S Mathews
COAI Director
"The indefinite strike called by Maharashtra traders against LBT will further worsen the situation in the state. Therefore, we challenge the state government to join in an open debate on any public platform on the so called advantages of the new tax."

B C Bhartia
President, CAIT


    

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