Sensex subdued, Asian cues negative

A benchmark index for Indian equities Friday afternoon was trading quiet, tracking negative other Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,981.06 points, was trading at 17,942.41 points, 49.59 points or 0.28 percent down from its previous close at 17,992 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling a meagre 0.06 percent up at 5,401.05 points.

Sensex ends 123 points down, global cues negative

Late selling pressured a benchmark index for Indian equities Friday to close 123 points lower on a lacklustre day of trade. Global markets too exhibited a negative tendency.

Inflation will keep declining after July: Ahluwallia

India’s inflation rate, which peaked this month following the fuel price hike in June, will keep declining after July and moderate by December, Planning Commission Deputy Chairman Montek Singh Ahluwallia said Friday.

“It is true the core inflation rate had seen the full impact of the fuel price hike early this month. You will see the full effect of it (fuel price hike) now but inflation will definitely keep coming down after July,” Ahluwallia told reporters on the margins of an interactive session with members of the Bangalore Chamber of Industry & Commerce (BCIC) here.

Apple invades BlackBerry territory with iPhone 4

Apple invaded BlackBerry territory Friday with the launch of its iPhone 4 across Canada. Frenzied Canadians lined up in front of Apple stores and other authorized retailers from Toronto to Halifax to Vancouver almost 24 hours before the delivery of the smartphone started in Canada.

“It feels great in my hands. I am so happy about it,” beamed young Danny as he emerged out of the Apple store at the famous Eaton Centre here.

Grasim Industries Q1 net profit down 8 percent

The Aditya Birla-promoted Grasim Industries Limited Saturday reported an 8 percent decline in net profit at Rs.685 crore for the first quarter of 2010-11 as against Rs.744 crore in the like period of 2009-10.

According to the company, this was due to the demerger of the cement business into Samruddhi Cement Limited (SCL) and the allotment of SCL equity shares to Grasim shareholders.

Happy Friendship Day

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Happy Friendship Day!!!

I pray to God that "The Relation Between U and Me will Live till I Live on the Earth"
Uppar wale se bas yahi Duaa hai ki Jab Tak Suraj Chand rahe tab tak humari Dosti ko Barkarar Rakhein.

Again Happy Friendship Day!!!
DIL SE....

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