Thursday, September 11, 2008

Mumbai Stock Markets –Selected news extracts

Today again, there were all round losses in the Mumbai stock exchanges. The Bombay Stock Exchange’s benchmark index, Sensex closed at 14,324.3, down by 338.3 points. Nifty 50 closed at 4290.3, down by 110 points. In bullion market, precious metals were down, gold is being quoted at Rs.11,226/10gm and silver was quoted at Rs.18,029/kg. Crude declines further. Nymex crude was trading lower at around 102 US dollar a barrel and Rupee weakens further and the US dollar was at Rs.45.45

Inflation is expected to be lower. It is just over 12%.

MTNL to start 3G services on a trial basis soon in Delhi.

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