Mumbai was under siege yesterday by the terrorists. The stock markets in Mumbai remained closed. However, the city has taken this in its stride and today stock markets somewhat rallied. The Bombay Stock Exchange’s benchmark index, Sensex closed at 9092.7, up by 66 points. The NSE’s Nifty-50 closed at 2755, up by 2.8 points. In bullion market, gold is being quoted at Rs.13,000/10gm and silver at Rs.17,037/kg. Nymex crude was trading at around 53.3 US dollars a barrel. The US dollar was at around Rs.50.
India's inflation eases to 6-month low of 8.84% in the week closing November 15, 2008.
The terrorist attack on two iconic South Mumbai hotels, Oberoi and Taj may impact adversely the hotel business, aviation and tourism industry in general.
Indian-born billionaire Lakshmi Mittal has put on hold his investments in the $10billion refinery-cum-petrochemical project planned in Vizag on fears of a recession.
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