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ECB leaves key interest rates unchanged
The European Central Bank (ECB) today retained the benchmark rates, continuing with its low interest rate regime to boost the region"s economic recovery.

Apollo Hospitals Q3 net up 48% at Rs 44 cr
Apollo Hospitals today reported a 48.6 per cent increase in its net profit at Rs 43.91 crore for the quarter ended on December 31, 2009, as compared to the similar period last fiscal.

News of the day

Mamata eyes Jharkhand votes
Buoyed by the Trinamool Congress’ success in the just-concluded Arunachal Pradesh elections in which it won five seats, party chief Mamata Banerjee has decided to field candidates in the upcoming Jharkhand elections as well. Even as the Congress is irked by Banerjee’s zeal as her party eats into its votebank, Banerjee is determined to make the Trinamool a registered national party by increasing its vote share in other states. The two parties are partners in the United Progressive Alliance but Banerjee is yet to decide if the Trinamool will support the Congress government in Arunachal Pradesh or sit in the opposition. Banerjee is also looking at constituencies in the East Singhbhum area — with a considerable Bengali population — as her target constituencies in Jharkhand.
Business Ideas

Sensex plunges further, down 460pts

The Sensex is now at 14,948, down 463 points. The NSE Nifty is now at 4,446, down 133 points. ____________________________________________________________ Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The Sensex continues to be in the negative zone on the back of sustained selling. The realty sector led the fall follwed by metal and auto indices. The realty index has plunged 4.5% to 3,786. The metal and auto indices have shed 4% and 3% to 12,221 and 5,398, respectively. The Sensex is now at 14,985, down 426 points. The index touched its low so far at 14,982. Hero Honda has tumbled over 5% to Rs 1,401. Tata Steel, DLF and Sterlite have plunged 4.5% each to Rs 448, Rs 377 and Rs 633, respectively. Tata Motors has declined over 4% to Rs 447. ACC, ICICI Bank and Mahindra & Mahindra have shed 3.5% each to Rs 798, Rs 717 and Rs 761, respectively. Among the Nifty stocks, Unitech and Hero Honda have slipped 5.5% each to Rs 87 and Rs 1,399, respectively. The NSE Nifty is now at 4,446, down 133 points. The market breadth is fairly negative - out of 2,488 stocks, 1,585 have declined and 823 have advanced so far.


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