Today again, there were all round losses in the Mumbai stock exchanges. The Bombay Stock Exchange’s benchmark index, Sensex closed at 14,483.8, down by 415 points. Nifty 50 closed at 4352.3 down by 95.4 points. In bullion market, gold is being quoted at Rs.11,557/10gm and silver was quoted at Rs.19,445/kg. Crude declines. Nymex crude was trading at around 106 US dollar a barrel and the US dollar was at Rs.44.6.
Singur agitation continues. The Chief Minister is seeking a solution to keep the Tata’s Nano project in the state. Trinamool Congress is adamant.
Inflation seems to be slowing tapering off. Subba Rao takes charge as Governor of the Reserve Bank of India. Immediate priority is to contain inflation.
End of Nuclear isolation? India may clinch the NSG waiver today.
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