1.The stock markets today: Today it was bull market at the Mumbai stock exchanges. The BSE’s benchmark index, sensex closed higher at 15,504, up by 336 points. Nifty 50 closed at 4620, up by 91 points. In bullion market, gold is being quoted at Rs.11,905/10gm and silver at Rs.21,753/kg. Nymex crude is quoted lower at 115.9 US dollar a barrel and the US dollar was at Rs.42.05.
2.Durables, FMCG companies to raise prices: FMCG majors Dabur and Goderej Consumer products and LG are planning to raise their product prices as in-put cost pressure mounts.
3.Global crude prices on downward spiral: Global crude oil prices are expected to slip below US$100 per barrel mark by next month with signs of slowdown engulfing most of the economies across the world.
4.Tata teleservices: Tata Teleservices has unveiled plans to invest US$2 billion to expand telecom business, including GSM mobile services over the next couple of years.
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