The Mumbai Stock Exchange’s benchmark index, Sensex closed at 8903, down by 12.1 points. The NSE’s Nifty 50 closed slightly higher at 2708, up by 14.8 points. Weak economic data and recession fears are gripping the market. In bullion market, gold is volatile and it is being quoted at Rs.13,078/10gm and silver at Rs.16,826/kg. Gold is considered as safe heaven investment. Crude prices eased further. Nymex crude was trading low at around 49.89 US dollars a barrel. The US dollar was at Rs.50.06.
Cobra beer business is up for sale for an estimated 200 million Pounds.
Citi India has equity assets in over 130 companies are worth Rs.8.6 thousand Crores. The Citi Group still holds $20 billion of mortgage-linked securities on its books.
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