Stocks closed in a week note at Mumbai stock exchanges today. The downward slide continued. The Bombay Stock Exchange’s benchmark index, Sensex closed at 13,102, down by 445 points. Nifty 50 closed at 3985.2, down by 125.3 points. In bullion market, gold is being quoted at Rs.13,028/10gm and silver at Rs.20,861/kg. Nymex crude was trading at around 105.8 US dollar a barrel. Rupee loses further against the dollar. The US dollar was at Rs.46.55.
US economy is in danger, says US President George Bush. He announced the summit with the presidential candidates and Congressional leaders seeking support for his US$700 billion-Wall Street rescue plan.
Japan’s Honda Motor Co has decided to set up an R & D Centre for cars in India to understand better the market’s requirements.
The Bombay High Court has accepted a Rs.10,000 Crore defamation suit by ADAG Chief Anil Ambani against elder brother and RIL Chief Mukesh Ambani for his alleged remarks published in an American daily.
US AIDS programme suspends procurement of anti-retrovirals from Indian pharma major Ranbaxy in the wake US FDA’s decision on “import Alerts”.
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