Today, there were all round losses in the Mumbai stock exchanges. The Bombay Stock Exchange’s benchmark index, Sensex closed at 14,899, down by 150.7 points. Nifty 50 closed at 4447.7 down by 56 points. In bullion market, gold is being quoted at Rs.11,689/10gm and silver was quoted at Rs.19,649/kg. Crude declines. Nymex crude was trading at around 110 US dollar a barrel and the US dollar was at Rs.44.35.
Hedging tool for banks to beat fluctuations: After successfully commencing currency futures, the stock market regulator SEBI is all set for interest rate futures in the forth quarter of this fiscal.
Japanese commercial vehicle major Hino will be trucking on India roads from April next year. Hino will be launching the very successful 500 series.
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