1. April Fools Day. Greetings!
2. The financial year 2008-09 ends (31/03/08) with the Bombay Stock Exchange sensex crashing by 727 points and closed at 15,644 points. Almost all sectors were down by about 4 to 6%. The market opened today with a positive note and then slowly started going down.
3. The stock market regulator, SEBI has proposed to ban brokers from recommending shares to investors as part of the exercise to guard against insider trading.
4. Gold, silver shine on global advices. Standard gold closed at Rs.12,125 per 10 gm and silver at Rs.23,625 per kg.
5. The Reserve Bank is likely to tighten money supply in its annual credit policy on April 29 to rein in a year high inflation of 6.68%. The government is also considering elimination of import duties on a host of items, mainly food products.
6. Lehman Bros sues Japanese trading house Marubeni Corp in the wake of a finance scam involving US$352 million.
7. Citigroup will set up an independent credit card unit and will also overhaul its consumer banking business.
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