Gold prices faced resistance at psychological level of $900/Oz. Gold prices fell relinquishing early gains as global share prices arrested theirdecline and overshadowed credit jitters that had previously heightened bullion's appeal.

The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings remained unchanged at 1,105.98 tonnes as of April 21 after investor outflows early this week reached their biggest since early September.

Holdings hit a record 1,127.68 tonnes on April 9. Recovery in physical buying by India, the world's largest importer, with MMTC Ltd saying it would import

BGR Energy, engineering equipment supplier, has announced that it has secured a deal worth Rs 15.5 crore.

The scope of the order includes design, engineering, supply, erection and commissioning of large `Total Water System` from Maithon Power, Jharkhand.

The water system would be established in a coal-based power plant being developed by Maithon Power Ltd, a joint venture company of Tata Power and Damodar Valley Corporation.

The company said that the order is to be completed by March 2010.  

Honda Siel Cars India has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB), for financing their cars across India.

Under the arrangement, the lender will offer car loan up to 90% of "on road cost", for tenure ranging up to 7 years at very competitive rates. The facility will be available at all the branches of Punjab National Bank and 103 facilities of Honda Siel Cars India.

The BSE benchmark Sensex finally ended the day with small loss, after skipping up and down throughout the trading session on mixed global cues.

The Sensex closed 81 points lower at 10,898 after hitting an intraday high of 11,068 and low of 10,764, while the National Stock Exchange's 50-share Nifty settled the day, down 12 points at 3,365 from its last close.

In addition, BSE Mid Cap Index closed with loss of 5.77% at 3523.14 while, Small Cap Index closed with gain 16.83 points at 4,027.98.

Financial

With the Reserve Bank of India (RBI) having decided on the slashing of short-term lending and borrowing rates - the repo and reverse repo rates - by 25 basis points apiece in its 2009-10 annual monetary policy, banks intend cutting lending rates, thereby making consumer, home, personal and corporate loans cheaper.

While the repo rate has been slashed to 4.75 percent and reverse repo to 3.25 percent, the other key ratios - like the Cash Reserve Ratio and the deposit-percentage that banks keep with the RBI - have remained unchanged.