Today, there was smart recovery in selected scripts in Mumbai stock exchanges. The Bombay Stock Exchange’s benchmark index, Sensex closed at 14,482.2, up by 32 points. Nifty 50 closed at 4337.5, up by 2.1 points. In bullion market, gold is being quoted at Rs.11,632/10gm and silver at Rs.19,932/kg. Nymex crude is quoted at around 113 US dollar a barrel and the US dollar was at Rs.44.
Infosys buys the UK-based Consultancy Service provider, Axon Group for US$753 million. It is one of the biggest IT deal, to be completed by November, 2008.
Singur agitation continues. The Chief Minister says that the project is in the interest of the state. The CM is seeking consensus among the political parties so that the plant for the Tata’s Nano remains in West Bengal.
Finance Minister meets industry Heads. The minister is expecting 8-9% growth in industries.
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