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US markets drop on recovery worries

US markets slipped at the end of the week as worries about the economic recovery loomed once again. - Sensex makes remarkable recovery, regains 17K - Sensex ends up 247pts - Sensex jumps over 17K, up 200pts - Sensex slips again; realty index down 2% - US markets end weak - Sensex sheds 213pts on profit booking The Dow dropped 14 points to 10,318. The Nasdaq was down 11 points at 2,146. Indian ADRs were mostly in the green. Mahindra Satyam and HDFC Bank surged 3% each to $5.13 and $134.12, respectively. ICICI Bank and Dr Reddy"s added 2.5% each to $38.04 and $24.02, respectively. Sterlite, Tata Communications and Tata Motors also moved up around 1% each. However, Patni Computers slumped 3.5% to $19.36.


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Thinking out of the cage
Admittedly, Nehru was there at the start of things, the end of an age, the awakening of a nation, that tryst with destiny. So he and others of his generation were better placed than we are to think laterally, to explore all of history for models towards which to incline the path of our future. He also spent years in prison, an enforced separation from the bustle and fire of the freedom movement which enabled him to look beyond the constrained present to the past and future, all in the service of his country. In other words, he used his time in prison to think big for India.

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