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Index closes below 17,000
Investors today pulled down the stock market benchmark Sensex below 17,000 points-level, as they sold banking, oil and gas and state-run companies’ shares to make profits.

Sail up on Chiria ore settlement
The stock touched a high of Rs 177 and finally settled with a 2% gain at Rs 175. The counter witnessed comparatively heafty trade volumes of 1.27 million shares on the BSE, as against the two-week daily average trade of 877,424 shares.

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It'll 'gro' on you
Assocham President Swati Piramal had an interesting new year’s gift for Assocham — a “cool the earth” perfume in a bottle shaped like Assocham’s mascot for the year, a penguin called Gro. A penguin, the letter accompanying her present says, since its home will be the first to be hit by global warming.
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Exporters want stimulus to continue

With an expected rise in the key lending rates the government should continue with the stimulus measures to support exporters, an industry body said today. - Non-tariff barriers concern govt, exporters - Oil chiefs gather in war-scarred Angola - Christmas season brings cheers for handicraft exporters - No plan to ban or limit cotton exports: Maran - Acute labour shortage spoiling coffee party - FICCI seeks more sops to bolster economy The Federation of Indian Export Organisations (FIEO) said it expects the government to continue with the stimulus packages, announced to soften the impact of the global economic downturn, in interest of exporters. Noting that the stimulus packages have had a positive impact on the key sectors, the federation said exports are likely to reach $165-170 billion this fiscal. "The FIEO hopes the government will continue with the stimulus packages, particularly subvention of the interest rates, for exports as interest rates are set to move upward," FIEO President A Sakthivel said in the release. The domestic export sector grew 18.2 per cent in November at $13,199 million, as against $11,163 million in the year-ago period. "This is a clear indication of the adaptability of exporters and, of course, the positive impact of the stimulus extended by the government," the exporters body said.


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