ECONOMY ANALYSIS:
- Making efforts to clear stalled infra projects: Chidambaram
- Reliance Capital to list proposed bank in 3 years: Ambani
- Rupee hits new low at 66.07/$ on demand from oil importers
- China's industrial profit improves
- Ponzi operators to face penalties worth 3-times of profits
- Brent crude may see $120/bbl on US-Syrian crisis: StanChart
MARKET ANALYSIS:
- The S&P BSE Sensex slipped over 600 points in intraday trade on Tuesday.
- Tracking the weak momentum, the Nifty index slipped over 3 per cent in intraday trade to mark its worst fall since August 16. The index is now trading below its crucial psychological level of 5300.
- The rupee posted its biggest single-day decline in 23 months, falling as much as 66.07 against the dollar led by strong month-end dollar demand from importers and a weak opening in the domestic equity market.
- The partially convertible unit was trading at 65.91 per dollar at 02:10 p.m, but still sharply weaker than its close of 64.30/31.
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