Indian Market:
Equity benchmarks maintained downtrend on the back of sell-off in metal, financial, realty, FMCG and auto companies' shares. The 50-share NSE Nifty closed below the 6,000 mark for the first time in last 15 sessions..
The government is likely to halt this week London-listed miner Vedanta Resources' plans to expand its alumina refinery in Orissa due to serious violation of environmental laws, government officials said on Wednesday.
Financial Inclusion Scheme has taken a new turn with the State Bank of (SBI) launching mobile banking services in Madhya Pradesh (M.P.) in collaboration with Bhopal-based organization
Global Cues:
Most Asian markets edged lower on Wednesday, 20 October 2010, after China, the world's fastest-growing major economy, unexpectedly raised itslending and deposit rates on Tuesday, 19 October 2010.The key benchmark indices in China, Japan, Singapore, Indonesia and Hong Kong were down by between 0.81% to 2.18%.
European shares were flat on Wednesday after gains for drugmakers, buoyed by Novo Nordisk on news of a peer setback, offset falling banks on concerns about the health of the financial sector.
Russia could join the World Trade Organisation within a year after talks on Moscow's 17-year-old bid made good progress, President Barack Obama's senior economic adviser said on Wednesday.
Equity benchmarks maintained downtrend on the back of sell-off in metal, financial, realty, FMCG and auto companies' shares. The 50-share NSE Nifty closed below the 6,000 mark for the first time in last 15 sessions..
The government is likely to halt this week London-listed miner Vedanta Resources' plans to expand its alumina refinery in Orissa due to serious violation of environmental laws, government officials said on Wednesday.
Financial Inclusion Scheme has taken a new turn with the State Bank of (SBI) launching mobile banking services in Madhya Pradesh (M.P.) in collaboration with Bhopal-based organization
Global Cues:
Most Asian markets edged lower on Wednesday, 20 October 2010, after China, the world's fastest-growing major economy, unexpectedly raised itslending and deposit rates on Tuesday, 19 October 2010.The key benchmark indices in China, Japan, Singapore, Indonesia and Hong Kong were down by between 0.81% to 2.18%.
European shares were flat on Wednesday after gains for drugmakers, buoyed by Novo Nordisk on news of a peer setback, offset falling banks on concerns about the health of the financial sector.
Russia could join the World Trade Organisation within a year after talks on Moscow's 17-year-old bid made good progress, President Barack Obama's senior economic adviser said on Wednesday.
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