TNM

Sensex, Nifty In Red; Realty, Bank, Metal, Power Plunge

Sensex, Nifty In Red; Realty, Bank, Metal, Power PlungeIndian stock continued to trade negatively with bankex, realty capital goods, metal and power stocks lost more than 4% due to disappointment from the interim general budget for 2009-2010.

With Pranab Mukherjee, minister of external affairs, not declaring any incentive for the sick zone through the interim budget, capitalists have gone on a selling spree in key realty stocks.

Realty stocks, which saw good buying interest in morning on hopes of some incentives from the budget, plunged deep into red in afternoon trade.

PM’s Wife Undertakes Walk To Create Awareness About Cancer

PM’s Wife Undertakes Walk To Create Awareness About CancerTo create awareness regarding the benefits of early detection of cancer, PM’s wife Gursharan Kaur, US Ambassador David C Mulford and his wife and CPI(M) leader Brinda Karat together with many others participated in a walk in New Delhi on Sunday.

While flagging off the “Walk for Life” organised by CanSupport, an NGO providing palliative care to cancer patients, Mrs. Singh said, “Cancer detected in early stages can be cured and cancer patients need the emotional support of their friend and family in the fight against it.”

“Delhi 6” Is Not An Autobiography, Says Mehra

“Delhi 6” Is Not An Autobiography, Says MehraAce filmmaker Rakeysh Omprakash Mehra has dismissed the hearsays that his upcoming film starring Abhishek Bachchan and Sonam Kapoor “Delhi-6” is an autobiography.

At the same time, Mehra accepts that the movie is based on his growing up days in Delhi’s Chandini Chowk.

Rakeysh said, “Delhi-6 is not an autobiography at all. I've just delved into my childhood memories and my youth in the film. I've only used what I observed when I was growing up in the backdrop. It's more of the colour of that life that has been used in the background than anything else.”

Sensex Plunges 196.71 Pts; Bank, Oil Under Pressure

Sensex Plunges 196.71 Pts; Bank, Oil Under PressureIndian equities plunged deeper in the red during mid morning trade on the back of massive selling in bank, oil, FMCG, power and metal stocks.

Profit booking was seen in PSU, capital goods, pharma and IT sectors. Select realty stocks gained some momentum on expectations of some relief in the budget for them. Auto stocks have drifted lower from their highs owing to lack of proper support. Consumer durable stocks also looked dim.

Trade was muted as investors were cautious before the interim budget for FY10 to be declared today.

SRK To Undergo Shoulder Surgery Today

SRK To Undergo Shoulder Surgery TodayThe reigning god of Indian cinema Shahrukh Khan will undergo shoulder today at Mumbai’s Breach Candy Hospital.

A friend of the actor said that SRK, who has got his previous surgeries done in London, has decided to undergo a shoulder surgery in India to stay away from the criticism that came his way in 2003.

The actor, who had hurt himself on the sets of Vivek Vaswani’s “Dulha Mil Gaya” in November last year, has never allowed any damage to have an effect on his matchless performance.

Top India Business Stories

Top India Business StoriesIndian Finance Minister will present Interim Budget today. Market experts are looking forward to relief for common man as the elections are approaching. Government may announce small tax cuts.

Oil PSUs are facing tough time as fuel credit for major Indian Airlines has crossed Rs 1000 crore mark. Various Airline companies are under pressure due to lower sales and high oil prices.

Bartronics has received order worth Rs 5000 crore from Municipal Corpration of Delhi to install 2000 kiosks which will serve as data banks for local consumers, businessmen and service providers.

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