1. Morgan Stanley tells investors to be prepared for further fall in the Sensex. A bear market could take the Bombay Stock Market sensex to around 11,000 from the present level of 15,800 points. May be it is a good time to get back into the stock market, as some of the blue-chips are available at good rates for the buyers.
2. Vijaya Mallya is all set to clinch two mega realty deals on the foothills of Himalayas, 1000 acres of land located between Rishikesh and Kedarnath at price close to around 300 crore.
3. Auto sales shine abroad. Exports grow 21% to 11.20 lakh units in first eleven months of the current financial year. Major contributor for this rise is from motorcycle sales.
4. Job market feels US credit crisis heat. Placement scenario in India and abroad could see a slowdown due to the US subprime crisis.
5. The Tata group’s retail venture, Infiniti Retail plans to invest around Rs.800 crores for its consumer electronics and durable stores “Croma” by 2010.
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