1. The stock markets today: The BSE’s benchmark index, sensex closed higher at 14,961, up by 383 points. Nifty 50 closed at 4502, up by 107 points. In bullion market, gold is being quoted lower at Rs.12,150/10gm and silver at Rs.23,625/kg. Nymex crude oil was trading at just over US$120 a barrel. Rupee was at Rs.42.24 a dollar.
2. The diesel pumps in Maharashtra state are running dry due to the unprecedented power crisis in the state and the demand for diesel to run generators is increasing.
3. Reliance Capital, controlled by Indian billionaire Anil Ambani plans to raise US$1billion overseas for a private equity fund in India. The stock markets are down and it is time to buy.
4. India storms into global automaker big league. It ranks 12th among all the countries and 4th among the developing countries.
5. Luxury hotel rates continue to go down in Bangalore. Industry estimates that the foreign travel market has dipped by almost 20%. Hotels across Bangalore average room occupancy of international guests anywhere between 75% and 80%.
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