The Bombay Stock Exchange (BSE)’s benchmark index, Sensex closed with a strong note, at 9026.7, up by 331.2 points. The NSE’s Nifty-50 closed at 2752.2, up by 98.2 points. In bullion market, gold is being quoted at Rs.12,990/10gm and silver at Rs.17,200/kg. Crude prices are getting stabilized. Nymex crude was trading at around 51.6 US dollars a barrel. The US dollar was at around Rs.49.5.
Situation is conductive for fuel price cut, says Indian Petroleum Minister.
The government expects Rs.35,000 Cr from the 3G auction, says Communications Minister.
Mukesh Ambani to start second oil refinery.
Transporters across the country are planning to suspend their operations indefinitely with effect from December 21, 2008. Their demands include reduction in diesel prices, and 6 months moratorium on monthly installments towards repayment of truck finance.
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