The stock markets in Mumbai were choppy. The Bombay Stock Exchange’s benchmark index, Sensex closed today at 9645.5, down by 9.4 points. The NSE’s Nifty-50 also closed flat at 2920.15, down by 8.1 points. In bullion market, gold dazzles. The yellow metal is being quoted at Rs.12,800/10gm and silver at Rs.17,332/kg. Nymex crude was trading at around 43.8 US dollars a barrel. The US dollar was at around Rs.48.4.
Inflation eases again. Inflation falls to 7-month low of 8% from 8.4%, for the week ended on November 29, 2008.
Monetary policy steps yielded positive results, says Governor, Reserve Bank of India. Banks consider lending rate cuts for housing and small business. Second economic stimulus package next week, says Commerce Minister.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment