Market Mayhem: Bloodbath on Sensex, rupee tanks & other ET stories

THE ECONOMIC TIMES Thu, Jun 20, 2013 | 06:54 PM IST Daily Newsletter

BSE Sensex tanks 526 pts on weak rupee, Fed stance Sensex today plunged by over 526 points, its biggest fall in nearly two years, to end at 18,719.29 due to massive sel... Rupee slumps to record low; closes in on 60/dollar The rupee slumped to a record low of 59.9850 on Thursday as the country's record high current account deficit is exac... Amartya Sen on why India trails China in economic growth Inequality is high in both countries, but China has done far more than India to raise life expectancy, expand educati... Delhi's Connaught Place among world's costliest office spaces Five of the six most expensive office areas in the world are in Asia, as demand by global companies to locate there o...

FEATURED STORIES Kerala Model of development: State driven, led by the market or about political empowerment? There is much analysis alternately praising and damning the Kerala Model of development. While Amartya Sen praises st... read more Switching lenders may ease your home-loan burden »  Strict quality check to ensure export tag for Indian tea »

Popular Stories Narayana Murthy invites former top executives to rejoin Infosys in a bid to improve fortunes Rentals crash in metros: Demand for rental homes down as India Inc turns thrifty Tata Motors unveils upgraded versions of Indica, Indigo, Sumo, Safari and Nano Food from McDonalds, Dominos & Pizza Hut to get cheaper as FinMin may cut service tax on takeaway, home-delivery

Rupee is not in shambles. We should not be overtly pessimistic ... We do not like volatility...Raghuram Rajam ,Chief Economic Advisor

Latest Updates Top 30 stocks that hit 52-wk low on the BSE Smallcap index After a sharp decline of over 500 points in the S&P BSE Sensex, 53 stocks hit their 52-week low on the S&P BSE Small-... Should investors sell private banks with high FII holding? Most analysts are positive on private banking space as most of the PSU banks are still suffering from asset quality c... Monsoon rains could ease soon Monsoon rains could ease soon after hitting 89 percent over averages in the week to June 19, according to weather off... Middle-class Indians hard hit by rupee's fall: Survey The Indian rupee slumped to another record low of 59.93 against the dollar on June 20, after the US Federal Reserve s...

Market Watch 20 Jun | 06:54PM SENSEX 18719.29↓-526.41 NIFTY 5655.90↓-166.35 USD/INR 59.81↑1.10 GOLD (Rs/10g.) 27047.00↓-964.00

MARKET NEWS Market analysts concerned over rupee decline, government rebuffs pessimism The country's Chief Economic Advisor, Raghuram Rajan said that the government is prepared to take steps as and when r... Analysts see correction in markets as 'knee-jerk' reaction to Fed comments According to experts, markets are experiencing is a knee-jerk reaction to Fed comments. However, the long term growth...

Gainers Losers 20 Jun, 2013, 06:54PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Filatex Fashions Ltd. 3.66 20.00 1730 3.66 3.01 Venus Universal Ltd. 0.06 20.00 13005 0.06 0.05 TCFC Finance Ltd. 20.30 19.41 9988 20.30 19.00

FEATURED SLIDESHOW The best and bekaar ads from the week What's new in Tata Nano, Indigo, Sumo Gold & Indica Armed forces brave nature's fury, lead rescue operations in Uttarakhand Lamborghini launches limited edition of Gallardo LP550-2 more slideshows

FROM THE NEWSPAPER Jet-Etihad deal: Many clauses changed in pact, but Mideast carrier retains edge Jet Airways has amended its shareholders agreement with Etihad, with the aim of assuaging concerns expressed by vario... Wipro wins large technology outsourcing contract worth Rs 2,900 crore from Citigroup The last large contract Wipro won from Citigroup was in 2008, when it acquired Citi Technology Services for $ 127 mil... Takeaway food may get cheaper as FinMin mulls cutting service tax "There is a strong view that takeaways and home deliveries should not attract service tax," a senior government offic... Google brings Android Nation store to India to spice up its retail market Like other such stores in Indonesia, Android Nation store will promote and sell Android smartphones and tablets acros... New real estate bill is a bitter pill the industry needs for long-term cure The proposed real estate bill, if implemented, will hamper cash flows and escalate the cost of capital of realty firm...

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