1.The stock markets today: Today it was bear market at the Mumbai stock exchanges. The BSE’s benchmark index, sensex closed lower at 15,212, down by 292 points. Nifty 50 closed at 4552, down by 68 points. In bullion market, gold is being quoted at Rs.11,367/10gm and silver at Rs.20,698/kg. Nymex crude is quoted lower at 113.6 US dollar a barrel and the US dollar was at Rs.42.43.
2.State Bank of India brought some cheers for depositors and small home loan borrowers. The bank increased the interest rate on FDs between one year and three years to 10%.
3.Global telecom operators and new entrants are likely to stay away from the 3G auction owing to some “discriminatory” guidelines announced by the government for the bidding.
4.Realty investment is subdued in Q2. Investors seem to be cautious over the effects of global credit crunch, says global real estate consultant CB. Richard Ellis.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment