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Nifty slips below 5400 amid global weakness; IFCI falls 5%
Shares of Industrial Finance Corporation of India (IFCI) plunged on Friday after the government exercised the option to convert Rs 923 crore worth of debentures into equity with immediate effect. Atul Kumar Rai, MD and CEO, IFCI, told NDTV Profit that the
24 Aug 2012, 10:20 AM IST 
The BSE Sensex declined 0.5 per cent in early trade Friday tracking weakness in global markets. The broader Nifty index slipped below the key 5,400 mark and the rupee dropped against the dollar.Markets in Asia traded lower as expectations of Federal Reserve stimulus in September faded. Japan's Nikkei index and Hong Kong's Hang Seng index traded with over 1 per cent cut each. Overnight, the Dow Jones industrial average lost 115 points...
