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According to the media reports, the mayor of Bell, Calif., Monday apologized to residents for the salaries city officials are paid and said he will accept no pay for the remainder of his term.

The Los Angeles Times has reported that in a news release, Mayor Oscar Hernandez said he will not run for re-election and blamed the city council for what he called "indefensible administrative salaries."

Silver gained ground along with copper. Stronger-than-expected housing data and an optimistic outlook from FedEx helped sentiment for industrial metals. Although silver is a precious metal that often trades in tandem with gold, it is also more widely used for industrial applications than is the yellow metal. Now technically market is trading in the range as RSI for 18days is currently indicating 51.79, where as 50DMA is at 29177 and silver is trading below the same and getting support at 29004 and below could see a test of 28840 level, And resistance is now likely to be seen at 29279, a move above could see prices testing 29390.

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It is imposing its toughest sanctions against Iran in response to the country's refusal to stop enriching uranium, the European Union said on Monday.

According to the reports of The New York Times reported the sanctions include a ban on new investment in Iran's eroding oil and gas sector, as well as tighter restrictions on transport and finance.

Gold fell as stronger U.S.

Stock market analyst Rajeev Agarwal of Dynamix Research has maintained 'hold' rating on Bajaj Auto Ltd stock, which is in a long-term uptrend.

According to analyst, the investors can hold the stock with target of Rs 2750 with stop loss of Rs 2390.

Today, the stock of the company opened at Rs 2526 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2544.50 and a low of Rs 1068.35 on BSE.

Current EPS & P/E ratio stood at 147.59 and 17.56 respectively.

Prior to a likely interest rate increase by the central banking institution (RBI), Indian stock markets today were quiet as traders waited for the amount of augmentation to be disclosed.

The 30-share index Sensex, which belled the day at 17,998.74, was trading 10.3 points up at 18,030.35 from its last closure at 18,020.05.

At the National Stock Exchange (NSE), the broad-based Nifty stood at 5,417.6, down 0.02%, as against its last closure at 5,418.6.

Broader markets indices also remained down, with the BSE midcap index 0.16% down and the BSE smallcap index flat.