The stock markets in Mumbai today witnessed smart recovery after initial slide. The Bombay Stock Exchange’s benchmark index, Sensex closed at 9690, up by 44.6 points. Banks, fertilizer stocks recovered. The NSE’s Nifty-50 closed flat at 2921.3, up by 1.2 points. In bullion market, the yellow metal is being quoted at Rs.12,677/10gm and silver at Rs.16,938/kg. Nymex crude was trading at around 44.9 US dollars a barrel. The US dollar was at around Rs.48.5.
Final bids for 3G will be on January 5, 2009. 3G memorandum released.
For the first time, IIP for October was negative, indicating setback for economy. Howevr, the expected IIP for the next three months is 2-4%.
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