Market Now: Nifty FMCG only sectoral gainer; United Spirits, ITC up - In the Nifty50 pack, 13 stocks were trading in green, while 38 stocks were in red.Fitch cuts BoI viability rating, maintains negative outlook on Indian banks - The rating also reflects the bank's somewhat weaker capital flexibility than its peers.Market Now: Pharma stocks fall; Piramal, Cipla top losers - Nifty Pharma index was down 52 points at 9,425 around 2 pm.Gold prices shine on global cues, jewellers' buying - Globally, gold rose 0.63 per cent to USD 1,252.30 an ounce in Singapore.Impact of GST will be less than that caused by VAT in 2006: Hasmukh Adhia - There would be some amount of temporary disruption but not in terms of heavy cost.
SENSEX RSS Failed to parse RSS file. (not well-formed (invalid token) at line 45, column 119) India seeks to speed up foreign deals with 'one-stop shop' - The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.Why auctions for power projects don?t work in India - In the last 10 years, India has discovered auctions for itself. All kinds of public resources (such as 3G spectrum) or contracts (such as power purchase agreements, PPAs) are auctioned off. Rupee ends 21 paise lower vs US dollar; snaps 3-day winning run - The rupee snapped its three-day winning spree against the American currency by falling 21 paise to 63.72 on fresh dollar demand from banks and importers in view of a firm dollar in the overseas market.Late surge drives Nifty above 8,350, Sensex ends up 363 points - After consolidating for second straight day, late surge drove market on higher levels. The Sensex was up 363.30 points or 1.3 per cent at 27687.30 while the Nifty ended up 111.30 points or 1 per cent at 8373.65. CNG price to be increased by 45 paise per kg in Delhi, piped cooking gas in NCR - The applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.05 per scm, which is being increased from existing Rs 26.55 per scm.