1. The combined trading volume on BSC and NSC was down by a quarter as arbitrageurs and day traders stayed away from the market due to change in the tax treatment of the securities transaction tax being implemented from Tuesday. The sensex closed at 15,627 points and the days high was 15,761. The trend today is the sensex continues to gain since the market is opened.
2. Gold and silver process see sharp decline. Gold was at Rs.11,685/10 gm and silver at Rs.22,640/kg.
3. Videocon Group has put up an expression of interest to acquire Motorola’s mobile handset business.
4. Worst Q4 performance by Mutual Funds in seven years.
5. As one of the measures to control inflation, the RBI will allow rupee to appreciate by reducing market intervention.
6. Edible oil prices set to fall.
7. Price of aviation fuel was increased by 12-14%. Passengers will have to pay an additional surcharge of Rs.150 to 350.
8. Dr. Reddy’s is acquiring a part of US-based Dow Chemical Company’s small molecules unit.
9. DoT allows infrastructure such as transmission systems sharing among telcos. Guidelines are being provided by the department.
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