Weakness in the trading continues at stock exchanges in Mumbai. The Bombay Stock Exchange’s benchmark index, Sensex closed at.9568.7, down by 118 points. The NSE’s Nifty-50 closed at 2916.8, down by 51.8 points. In bullion market, the yellow metal is being quoted at Rs.12,927/10gm and silver at Rs.17,150/kg. Crude oil was trading low. Nymex crude was trading at around 38 US dollars a barrel. The US dollar was at around Rs.48.
Fortis Healthcare Board approves issue of Right shares worth Rs.1000 Cr to fund current projects.
Government to infuse stimulation to boost domestic demand through duty cuts. Likely hike in tax exemption.
World Bank debarred the Hyderabad-based Satyam Computer Services for 8 years for lack of documentation on invoices and improper benefit to the bank staff.
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