1. The BSE’s 30-shares index, sensex regained its trillion-dollar status within a day. The sensex gained sharply by 703 points to close at 13,665. This may be the attempt by the speculators to manage the benchmark index to give a sense of bottoming out of the market and hence to lure some unsuspecting investors back to share markets. Reliance Infra and DLF are the top gainers. The US dollar is gaining against Indian Rupee and continued to be above 43-rupee a dollar mark. In bullion market, pure gold prices moved further up to close at Rs.13,040/10gm and silver closed at Rs.25,080/kg.
2. Indefinite strike is called by the All India Motor Transport Congress has impacted sales of diesel, because 95% of the total diesel sales is on the highways. One of the demands of the truckers is uniform sales tax/vat across the country.
3. The Mumbai-based Kasliwals have split the S.Kumars Group. The group’s business interests range across textiles, power and real estate.
4. UB Group Chairman, Mr. Vijay Mallya is all set to buy Spicejet stake.
5. ESPN bags 2010 soccer World Cup broadcast rights for US$40 million.
6. IMF managing director Dominique Strauss-Khan says that there is a need to tighten monetary policy in view of the doubling of the oil prices over a period of year and increasing food price inflation.
7. US car sales plunge to 10-year low in June as high gas prices and a weak economy kept American consumers away from the car showrooms. Detroit automakers were hit hard.
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