1. The Bombay Stock Exchange sensex rose by 312 points to close at 17,600. Banking stocks were in demand. SBI showed better than expected results, net profit up by 26%. REL was the top gainer (7%). In the bullion market, gold tumbled down to an over three-months low of Rs.11,255/10gm and silver closed at Rs.22,330/kg.
2. Due to soaring fuel prices, buyers flock to small and more fuel efficient cars in US.
3. Skoda launches the petrol version of Fabia, priced between Rs.4.87 to 5.80 lakh (ex showroom price).
4. In line with its plan to focus on core business like properties, FMCG, durables, office furniture, the Godrej Group is exiting from BPO business.
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