The stock markets in Mumbai were choppy. The Bombay Stock Exchange’s benchmark index, Sensex closed at 8747.4, up 8.2 points. The NSE’s Nifty-50 closed at 2656.4, down by 1.35 points. Commodity markets were volatile. In bullion market, gold is being quoted at Rs.12,523/10gm and silver at Rs.16,100/kg. Crude and edible oils decline sharply. Nymex crude was trading low at around 47.2 US dollars a barrel. The US dollar was at around Rs.50.
The US based global power major is believed to be interested in acquiring some fresh assets in India. The company is negotiating with the Chennai-based Indo Tech Transformers to buy out the promoter stake.
British Airways is in talks with Australia’s Qantas Airways about a potential merger of the airlines.
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