The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 2784.20,-0.36%), Tata Power Company Ltd. (Rs. 1284.60,-0.34%), Hindustan Unilever Ltd. (Rs. 331.40,-0.33%) and Wipro Ltd. (Rs. 414.00,-0.17%), among others.
In the economic front, Finance minister Mr. Pranab Mukherjee today said that the government’s borrowing for the current financial year would not exceed Rs 4,17,000 crore. He further said the borrowings of government will be decided in consultation of RBI.
India has appealed to the US for restoring duty free imports from developing countries, including India, which was suspended in December 2010. The government of India has stressed that such move will help the labour-intensive small and medium enterprises (SME).
On the global markets front, almost all the major indices in Asia closed on positive note. The Shanghai Composite, Hang Seng, Jakarta Composite, Seoul Composite and Nikkei225 advanced by 1.48% at 2,795.48, 1.22% at 21,926.88, 1.09% at 3,980.84, 0.94%…
View original post 870 more words