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  • Deccan Aviation gets DGCA permission to fly abroad
  • Idea, BSNL agree to interconnect RCom's GSM service
  • Flight cancelled due to workers strike
  • Cancel 11 flights to & from Kolkata on 20 Aug
  • To launch Mumbai services on Wednesday
  • Deccan Aviation gets permission to fly to UK
  • RBI relief bonds can be used as collateral for bk loan
  • July Producer Price Index at 27-year high; up 1.2%
  • U.S. Housing Starts down 11% in July, lowest in 17 years
  • Board okays buy back at price not exceeding Rs.350/share
  • Cannot say if interest rates have peaked: NW
  • RBI steps, inflation to determine interest rates : NW
  • BSE Power up 0.26% , Bankex up 0.10%
  • BSE Teck down 1.38% , Consumer Durables down 1.17%
  • CNX MidCap down 0.29% , BSE Small Cap down 0.34%
  • Sensex down 0.70% at 14,543.73
  • Nifty down 0.56% at 4,368.25
  • Expectations of U.K having 2 qtrs of -ve GDP growth
  • See further concerns emerging in U.S economy
  • Govt could be lender of last resort to Fannie and Freddie
  • EMs have seen $20bn fund outflows in last 10 weeks
  • Deccan Aviation granted traffic rights on India-UK sector
  • Revenues seen flowing in from Q4'09: Sources
  • Initial order size at $20-$25mn: Sources
  • Contracts to be signed within 3 months: Sources
  • Astrazeneca, Merck visited Dishman's facilities: Sources
  • Dishman to get orders from Merck & Astrazeneca: Srcs
  • India may import 3-3.5 MT of diesel this year : Oil Secy
  • To raise tractor prices this month : Escorts
  • Aluminium, Copper prices to remain weak in H2 FY'09
Updated: 19/08/08 | 08:40 PM IST
Market Watch
Currency markets are volatile and fears of forex derivative losses are still haunting Indian corporates but companies are now hoping to avert some of their forex risks through currency futures.
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Gold prices on Tuesday lost Rs 20 at Rs 11,560 per 10 gram in the bullion market in New Delhi on selling by stockists amidst weak global trends.
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The markets ended weak on Tuesday with the BSE Sensex, shedding 0.7 per cent or 102 points, to close at 14,543 levels. In the broader markets, Nifty also dropped 0.6 per cent to 4368 levels.
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Oil prices fell to near $112 a barrel Tuesday in Asia, extending an overnight decline as Tropical Storm Fay avoided oil-producing infrastructure in the Gulf of Mexico.
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The markets are weak in the early deals of Tuesday with the BSE Sensex, shedding 0.5 per cent to trade at 14,579 levels. In the broader markets, Nifty has also dropped 0.4 per cent to 4375 levels.
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Crude prices settled below $113 a barrel for the first time in over three months on Monday as Tropical Storm Fay steered clear of oil-producing infrastructure in the Gulf of Mexico.
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A longer than expected slowdown in Asia has pushed stock market valuations to the lowest in more than a decade. MSCI Asia Pacific Index is currently trading at a price to earnings multiple of 13.8 per cent, its lowest since 1995.
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Taking a cue from the London and New York markets at the weekend, gold and silver prices fell sharply on the bullion market here today, while Asian markets showed a positive trend.
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Pervez Musharraf, who is facing impeachment on charges drawn up by the governing coalition, has stepped down as president and celebrations on Pakistan's streets were a common site all day.
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The markets ended weak on Monday on account of heavy selling pressure on oil and gas, metals and auto stocks. The benchmark BSE Sensex, dropped 78 points or 0.5 per cent to close at 14,645 levels.
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Special
Wholesale prices in the US rising at fastest pace since 1981
The US Labor Department said its Producer Price Index rose by 1.2 per cent in July, pushed higher by rising costs for energy and motor vehicles. Food prices rose by 0.3 per cent.

 
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