Business Opportunities

Markets remain subdued

Markets continue to trade subdued. - SCI gains on plans of new buy - FIIs net buyers Rs 695cr in F&O on Tuesday - US markets end flat - "Challenges are more external than domestic" - Max India: Funding long-term growth - Fortis gains on Rs 250cr investment plans The Sensex, after slipping into red to a low of 17,376, has recovered and is now flat at 17,407. The Nifty is now down three points at 5,185. _______________________________________________ (Updated at 1013 hrs) The Sensex has opened on a flattish note at 17,403. The index is now up 19 points at 17,421. The Nifty is also mirroring the global markets and is flat at 5,194. The Asian markets are trading subdued this morning. The Hang Seng has dropped 100 points to 21,398. The Nikkei has slipped from the four-month high and is now flat at 16,634. The US markets had ended marginally in the red on Tuesday. Bharti Airtel has gained 1% at Rs 329. ICICI Bank has moved up 1% to Rs 886. Cement counters are also in the green. ACC and Grasim have added less than 1% each. However, Sun Pharma has dropped 1% to Rs 1,523. NTPC, ITC and HDFC Bank are the other prominent losers in the index today.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Construction ind to be stable during 2010: Fitch
Credit rating agency Fitch has forecast a stable environment for the construction industry during 2010, but has warned that execution of large projects by companies may lead to higher risks.
Popular Articles
payday loan lenders

Governance and the fisc
How best can the Union government use the window of political opportunity that has been opened up by the verdict of the recent assembly elections? Since the ruling Congress party has been strengthened by the poll result and there are no important elections due for the next year, the opportunity to push for better governance should not be missed. To begin with, the prime minister should consider a minor reshuffle of portfolios that empower performers and sideline non-performers, and also improve bureaucratic standards. The argument that in some ministries the ruling party needed fund collectors rather than good administrators has appeal before an election, but is less convincing when the priority should be to get things going. The ruling party should take a holiday on rent-seeking for a year and push for reforms and improved public sector productivity in the infrastructure sector, especially power. The recent raids by the Central Bureau of Investigation in the Department of Telecommunications are hopefully not part of some political bargaining between coalition partners but the beginning of a phase of crackdown on “corruption in high places” that the prime minister sought. Given the DMK government’s dependence in Tamil Nadu on the Congress for its survival in office, the latter can afford to crack the whip in Delhi and not appear as subservient as it does when dealing with this junior ally. Exemplary action here would send an important message to other junior partners and to ministers within the ruling party who have not exactly been symbols of good governance.

Rains pour cold water over Dasara plans
Heavy downpours threaten Dasara events across the city even as public apathy has left the organisers and the authorities frustrated and helpless.

© Copyright 2009