ECONOMY ANALYSIS:
- Panel to look into currency swap for trade: ComMin
- BNP Paribas cuts India's GDP forecast to 3.7%
- Videocon to roll out 4G services in 10-12 months
- Economic growth seen below 5% in 2013/14: Poll
- 'Rocky' road ahead for large-deficit India: S&P
- Leadership deficit in India aggravating crisis
MARKET ANALYSIS:
- The S&P BSE Sensex ended on a flat-to-positive note on the back of short coverings after falling below 17,500 intraday. Banks, technology, metals and pharmaceuticals and led the recovery.
- The Indian rupee after hitting a record low of 68.75 has shown some strength on alleged intervention from the Reserve Bank of India. The partially convertible rupee was at 68.09, down 185 paise, against its previous close of 66.24.
- The Nifty ended at 5,285.0, down 2.45 points or 0.05 per cent. It touched a high of 5,317.70 and a low of 5,118.85 in trade today.
- The S&P BSE Midcap Index was down 1.03 per cent and the S&P BSE Smnallcap Index fell 1.04 per cent. The market breadth was on the BSE with 860 gainers.
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