Weakness in the trading continues at stock exchanges in Mumbai. The Bombay Stock Exchange’s benchmark index, Sensex closed at.9686.75, down by 241.6 points. The NSE’s Nifty-50 closed at 2968.6, down by 70.6 points. In bullion market, the yellow metal is being quoted higher at Rs.13,168/10gm and silver at Rs.17,782/kg. Crude oil was trading low. Nymex crude was trading at around 39.9 US dollars a barrel. Expect commodity prices to fall on global slow down. The US dollar was at around Rs.48.8.
Transfer of spectrum allowed within group entities for 3G, broadband services – says DoT
Foreign Exchange Reserve position is comfortable – says Government Eco Panel Head.
RIL D6 Block gas output is likely to commence by January, 2009. Reliance Communications GSM plans to be launched shortly in 100 cities in India. Trials are on.
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