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

Tech Mahindra, ISRO, LS Elections dominate news today

THE ECONOMIC TIMES Sun, Jan 05, 2014 | 05:21 PM IST

Slow US recovery: India faces litmus test in 2014 Rich countries fared poorly in 2013, logging a cumulative GDP of 1.2%. This positive outcome is a result of the mild ... Tech Mahindra turns to digital signatures to counter fake hiring scams Tech Mahindra is now turning to digital signatures to help job seekers distinguish genuine offer letters from the fak... Lok Sabha elections to be held from mid-April The Election Commission is all set to hold Lok Sabha elections starting mid-April and spread it over at least five ph... ISRO launches indigenous cryogenic engine-powered GSLV-D5 Indian Space Research Organisation launched GSLV-D5 rocket, which is powered by an indigenous cryogenic engine, from ...

FEATURED STORIES A Why is India Inc chickening out from the non-veg market “A few clients exited Nestle due to its presence in the non-veg biz. They're mostly Jains, quite vociferous about the... read more

Popular Stories Marthanda Varma could have been Kerala's Henry Ford but for family compulsions Despite boom, Indian consumers are totally under-served. Here's why GR Gopinath, pioneer of the lowcost airline business in India joins AAP Top ten stocks that can return up to 50% in 2014

Latest Updates Corp earnings, IIP to guide markets this week: Experts The market ushered in the New Year on a tepid note as the BSE-Sensex dropped 342.25 points last week, the worst perfo... Mkt cap of 6 Sensex cos down Rs 33,513 cr RIL, ITC, ONGC, CIL, HDFC Bank & ICICI Bank saw losses in market value. Conversely, TCS, Infosys, Wipro and Bharti Ai... Cos' debt sale dips 19.5%; overseas bonds up 60% India Inc raised $51.8 billion in debt during 2013 through primary bond sales, 19.5 per cent down from the record $64... Bitcoin body asks public to keep off, seeks clarity The body sought clarity on the legality of the instrument, conceding that this business is extremely volatile and com...

Market Watch 5 Jan | 05:21PM SENSEX 20851.33 â†" -37.00 NIFTY 6211.15 â†" -10.00 USD/INR 62.15 â†' 0.12 GOLD (Rs/10g.) 29167.00 â†' 199.00

MARKET NEWS Corporate earnings, IIP to guide markets this week: Experts The market ushered in the New Year on a tepid note as the BSE-Sensex dropped 342.25 points last week, the worst perfo... Market cap of 6 Sensex cos down Rs 33,513 crore RIL, ITC, ONGC, CIL, HDFC Bank & ICICI Bank saw losses in market value. Conversely, TCS, Infosys, Wipro and Bharti Ai...

Gainers Losers 5 Jan, 2014, 05:21PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Financial Technologies (India) Ltd. 223.05 19.98 2395119 223.05 184.25 Usher Agro Ltd. 45.45 19.92 240403 45.45 37.20 Multi Commodity Exchange of India Ltd. 572.65 17.29 2936626 581.20 485.00

Woman of 2013: Durga Shakti Nagpal tops the list UP IAS officer who cracked down on illegal sand mining was suspended for ordering the demolition of an illegal mosque... Online sites bet big on selling lingerie in India Lingerie retailers hope that the trajectory of buying online will be similar to that in the West, where both online a... India needs Kejriwal; but AAP invited avoidable criticisms: GR Gopinath Although apprehensive, the Air Deccan founder who joined AAP believes today, Kejriwal happens to be India’s David who... Mobile chat apps a rage in India; challenges persist From being a country of person-to-person texts, the country and its booming population of smartphone users, are becom... Advertising, new media tackling social issues innovatively The way technology radicalized the media has both contracted and expanded the term media itself, it was service provi...