Sensex Soars 257 Points As Inflation Eases To 5-Month Low At 6.16%

Wednesday, Jan 15, 2014 LEAD STORIES HEADLINE INFLATION EASES TO 5-MONTH LOW AT 6.16%  Aided by lower vegetable prices, food articles inflation fell by 6.4% (MoM), non-food articles & minerals grp declined by 0.4% & 3.1% respectively. read more INFLATION NOS CHEERS MKTS, SENSEX SURGES 257 PTS  Fall in inflation by 136 bps in December raised hopes that RBI may not touch policy rates on Jan 28. Nifty rallied 79.05 pts to 6320.90. read more TOP STORIES • Fiscal deficit to be contained at 4.8% of GDP: FM   • World Bank pegs India growth at 6.2% in FY'15   • Auction to proceed as planned: Telecom secy   • Modern India files class action suit in NSEL case   • Unitech puts 2 hotels on block, eyes Rs 600 cr   • Post CIL dividend, govt defers Rs 15,000 cr bond issue   • TCS Q3 PAT seen up 10.2% to Rs 5,179 cr: Poll   • Korean investors avoid India due to red tapism   • AAP's decision on FDI wrong: Capt Gopinath   • AAP has 'worst, stinking, Jurassic people': Khurshid   • Economic agendas of Cong, BJP similar: Naina Lal   • SAT asks RIL, SEBI to clarify on new consent norms   • Rajeev Kher appointed Commerce Secretary   • SC panel plans auction of 4 mt of iron ore in Goa   • Fairness creams,lipsticks contain toxic heavy metals   • Sony Six bags exclusive rights for FIFA till 2018   • World's ultra rich hold 1/5th of their wealth in realty   • Axel Springer, others interested in Forbes   • Time Warner to sell its NY headquarters for $1.3 bn   • Google, Apple colluded in driving down workers pay   more stories TOP VIDEOS Economy Will Get Back To High Growth Path In 3 Years: P Chidambaram, Finance Minister   BUSINESS OF GOVERNANCE: Implementation Of GST, Focus On Manufacturing Are Important Reforms Which The New Government Must Take Up: Sunil Kant Munjal, Joint MD, Hero MotoCorp   CNBC-TV18 EXCLUSIVE: There Were Many Challenges In Building T2. But We Enjoy Doing Something Which Not Many Can Do: AM Naik, Group Executive Chairman, L&T   AT A GLANCE BSE 21289.49 +256.61 NSE 6320.9 +79.05 TURNOVER Rs. 199,289 cr BSE CASH Rs. 1,693 cr NSE CASH Rs. 11,271 cr NSE F&O Rs. 155,709 cr BULLION GOLD 28915 -181 SILVER 44492 -449 CRUDE NYMEX 93.05 +0.46 BRENT 106.14 -0.25 FOREX $ / Re 61.54 +0.02 £ / Re 100.55 -0.51 € / Re 83.688 -0.41 EVENTS 16 January Q3 Results: TCS, Bajaj Auto, HCL Tech Bombay HC To Hear NSEL Settlement Case 17 January Q3 Results: HDFC Bank, ITC, RIL, Wipro Congress To Convene AICC Meet In Delhi SEBI Vs Sahara Case 23 January 2G Spectrum Auction To Start 27-29 January CII Partnership Summit 2014, Taj West End, Bangalore

"The national election due by May will mainly be a contest between AAP and the main opposition Bharatiya Janata Party. The ruling Congress is not even in the picture." Arvind Kejriwal CM, Delhi "They (AAP) are Jurassic. They smell of anarchy. They just demean everything that has been time-tested. They ridicule anything. They question and demean anything... AAP is a real threat to our system. They are anarchist. They want to destroy the system. They are anarchist either by choice or by ignorance." Salman Khurshid External Affairs Minister "The easing of inflation at a time when industrial growth continues to be in the red should induce RBI to review its monetary policy stance and cut its policy rates to rejuvenate growth, which has been hit by high interest costs, flagging investments and subdued demand." Chandrajit Banerjee Director General, CII