On Wednesday, the BSE Midcap index and the CNX Midcap index rose 6% each while the major indices ended 1-2% lower. The 30-share Sensex closed at 14,060.66, down 241.37 points, and the 50-share Nifty shed 48.15 points to close at 4,270.30. So far this week, the midcap indices have gained over 20%, compared with a 15% rise in the benchmark indices.
Reports:-
Experts see rupee breaching 45/dollar by year end.
U.S. financial system healing; Japan slump deepens.
Japan’s economy shrinks at record 15.2 per cent in Q1.
Dollar loss deepens vs yen, Asian stocks slip.
Nikkei down as yen drags on exporters, techs troubled.The benchmark Nikkei lost 109.49 points to 9,235.15, while the broader Topix fell 1 percent to 877.06.
Wipro fires 300 employees for non-performance: Sources.
Satyam slashes variable pay by 10-30% across levels.
Aban Offshore refinance deal soon.The firm needs to repay Rs2,360 cr debt by 31 Mar, including $160 mn bonds listed in Norway, or face bankruptcy there.
MphasiS quarterly net profit triples.
Singapore says first-quarter GDP shrinks 15 pc.
Corporate GMR Infra plans to raising $500 mn via QIP.
Tata Motors raises $262 mln in bonds - sources.
Indiabulls Real Estate raises $565 mn via QIP.
PowerGrid scouts for local partners to win US orders.
PNB Q4 net profit up 59.2 per cent.
Oil prices hit six-month high of $62 a barrel.
Gold still a hot pick with investors.
SIngapore Nifty seen trading at 4242.5 down by 40.5 points at 9.20 AM IST.
Nifty View:- Nifty may open lower on profit Booking.If nifty trades below 4220,Sell Nifty with a target of 4168.
