Business

Experts say the market will see rangebound trade in the next three-four days ahead of expiry on next Thursday.

The government has set a disinvestment target of Rs 30,000 crore for the current fiscal.

Most active shares on exchanges were State Bank of India, United Spirits, Hindustan Copper, Jet Airways, L&T Finance, Axis Bank and Bharti Airtel.

The proposal has already been scrutinised by the Department of Industrial Policy and Promotion (DIPP) in the Commerce and Industry Ministry.

Petrol prices were last revised on October 27 when they were raised by 29 paise to Rs 68.19 per litre in Delhi.

Renewed dollar demand from banks and importers on the back of stronger dollar in the global market affected the rupee value against the dollar.

The Finance Minister said that there was consensus among states on the implementation of the GST.

Cipla provisionally rose 4.2 per cent, while State Bank of India added 1.2 per cent.

On the GDP growth rate, Montek Singh Ahluwalia said the second half of the year will be better in terms of growth.

RBI Governor D Subbarao said that the CRR had been cut to release Rs 17,500 crore into the banking system.

The investors were left poorer by a staggering Rs 70,000 crore after the market slump.

All the wholesale commodity markets, including bullion, metals and steel, will also remain closed in New Delhi for the festival.

he rupee resumed higher at 53.40 per dollar against the last closing level of 53.47 per dollar and improved further to 53.36 per dollar at the Interbank Foreign Exchange.

Besides, a lower opening in the equity market and strengthening of the euro against the dollar overseas also supported the rupee, forex dealers said.

Air India pilots had gone on a 58-day long strike over career progression issue from May 7.

It is being intensely speculated that Videocon may join hands with Mukesh Ambani-led RIL after the auction.