Financial Daily from THE HINDU group of publications
Friday, October 07, 2005
Markets (October 6)
BL 2502441.67 (-48.05)
BSE Sensex8528.70(-195.77)
S&P CNX Nifty2579.15 (-65.25)
US Dollar (Buy/Sell)44.22/44.35
Gold Std (10 gm)6740 (+20)


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Sensex drops 195; oil cos buck the trend
STOCK prices fell sharply on Thursday in line with the weak trend in global markets. However, shares of oil marketing companies remained firm with oil prices touching a two-month low. The global market was impacted mainly by the signs of ... More

LPG shortage will end by October 10: Aiyar
AFTER an hour-long emergency meeting with the Oil Marketing Companies (OMCs) on the cooking gas (LPG) shortage issue, the Petroleum Minister, Mr Mani Shankar Aiyar, said that by October 10, the Government would ensure that there was no shortage ... More

Domestic air travel to cost more from October 9 — Jet, Sahara announce 10 pc hike
DOMESTIC air travel will cost more from October 9. While the two main players — Jet Airways and Air Sahara — have announced a 10 per cent across-the-board hike in their fares from October 14, the low-cost airline Spice Jet has ... More

ONGC against hiving off OVL
ONGC today said that it was not in favour of the Government's plan to hive off its overseas arm, ONGC Videsh Ltd (OVL), into a separate corporate entity. Speaking to newspersons on the sidelines of an Assocham conference, the ONGC Chairman, Mr ... More

Raise insurance FDI cap to over 50 pc, remove tariff curbs: Mulford
THE US Government today strongly advocated a further liberalisation of the Indian insurance sector by hiking the foreign direct investment cap to over 50 per cent and removing all tariff controls. Addressing a conference on insurance here on ... More

Equity funds' asset base swells
ASSETS managed by equity funds are swelling, thanks to investors who are pumping in money with scant regard for the wild fluctuations being recorded by the indices . Sizes of some of the largest schemes have increased in September, distinctly ... More

Anti-dumping duty on cold-rolled steel from US, Japan to stay
Due to the negative injury margin in respect of imports from the EU and Canada, the anti-dumping duty on them might be withdrawn. More

`Low' shaping up over Bay to herald reverse monsoon
THE National Centre for Medium Range Weather Forecasting (NCMRWF) kept up for a second day its watch for favourable conditions to develop for the onset of northeast monsoon over Tamil Nadu and neighbourhood. Model predictions continue to ... More




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