The stock markets in Mumbai witnessed smart recovery. Strong start to the week. The Bombay Stock Exchange’s benchmark index, Sensex closed at 9832.4 up by 142.3 points. The NSE’s Nifty-50 closed at 2981.2, up by 59.8 points. In bullion market, the yellow metal is being quoted at Rs.12,861/10gm and silver higher at Rs.17,269/kg. Nymex crude was trading higher at around 48.5 US dollars a barrel. The US dollar was at around Rs.48.1.
It is predicted that India is going out-perform other emerging markets. Government is offering sops to stimulate growth.
PSU Banks are offering new home packages with more sops to stimulate demand in housing sector. Interest rate for housing loans upto 5 lakh not to exceed 8.5%.
Indian infotech sector is main focus of Chinese spying. The computers of top executives are being compromised by Chinese hackers and privileged information is being leaked out – corporate espionage is on the rise (DNA News).
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