Black Friday: Sensex & rupee plunge; Shankar Sharma calls it bear market!

THE ECONOMIC TIMES Fri, Aug 16, 2013 | 06:15 PM IST Daily Newsletter

Market mayhem: Sensex crashes 769 points; biggest fall in 4 years National Stock Exchange index Nifty nosedived by 234.45 points, or 4.08 per cent to 5,507.83, after touching day's lo... Bear market of 2008 now becoming a true one: Shankar Sharma Acknowledging that India is seeing a very tough macroeconomic environment, Sharma warned that a 5% GDP growth cannot ... Rupee hits record low below 62 a dollar; further losses expected The rupee dropped to a record low of 62.03 per dollar, sparking late intervention from RBI as its measures to tighten... Educomp starts cost optimisation; cuts 3,500 jobs Educomp Solutions today said it has cut 3,500 jobs in the last three months and has also initiated measures to spur g...

FEATURED STORIES How to submit EPFO online transfer claim The Employees Provident Fund Organisation (EPFO) is finalizing the process to start online submission of transfer cla... read more How to get ahead in a slow job market »  Why democracy in Egypt will always be a dream »

Popular Stories With balloons and fiber, Google experiments in Web access Kingfisher Airlines lenders stumped as value of pledged properties crashes Bear market of 2008 now becoming a true one: Shankar Sharma Amid slowdown Pizza Hut plans to give a bigger slice at same price

India is still an attractive destination from medium to long-term investors’ point of view. ... Rashesh Shah ,CEO,Edelweiss Financial

Latest Updates More rupee steps expected in bond, forex markets Bond, forex markets are bracing for more steps from the central bank and the government after the rupee hit a record ... Top 34 stocks that hit 52-week low on BSE-500 index Sensex fell over 800 points in intraday trade on Friday, while 50-share Nifty index suffered its biggest percentage d... FinMin not contemplating import curbs to tame CAD FinMin said it is not planning hike in duties of any more non-essential items as restrictions on imports of gold, sil... Govt had no outstanding loans from RBI as of Aug 9 Government had no outstanding loans from the central bank as of Aug. 9, the Reserve Bank of India said in its weekly ...

Market Watch 16 Aug | 06:15PM SENSEX 18598.18 â†" -769.41 NIFTY 5507.85 â†" -234.45 USD/INR 60.64 â†" -0.32 GOLD (Rs/10g.) 30275.00 â†' 1089.00

MARKET NEWS Trapped with banking stocks? Here’s some expert advice Most brokerages are underweight on Indian banking sector and expect turbulence to continue for quite some time.... Stocks that rallied amid carnage on D Street Financial Tech soared 21 per cent , Hero Moto Corp surged by 3%, while Wockhardt rose 5 per cent and Escorts rallied ...

Gainers Losers 16 Aug, 2013, 06:15PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Yantra Natural Resources Ltd. 0.06 20.00 1874833 0.06 0.05 Hinduja Foundries Ltd. 34.20 20.00 1 34.20 34.20 JVL Agro Industries Ltd. 7.84 19.88 68454 7.84 6.90

FEATURED SLIDESHOW 'Flybus' service from Mysore to Bengaluru Airport How to get ahead in a slow job market Widespread rains lash India 5 Ways to deal with conflicts in team more slideshows

FROM THE NEWSPAPER Brace yourself to pay 15% more on making calls over mobile phones The telecom executive said cash conservation "would surely have an effect on future growth". Hence, the need to incre... KFA lenders stumped as value of pledged properties crashes Goa Villa and Kingfisher House in Mumbai valued at Rs 128 crore, compared to Rs 200 crore at time of loan in 2010.... Iconic buildings of Lutyens Delhi, including Parliament, to get a makeover Govt is also considering a plan to raze many of the 1,000 old bungalows in Lutyens Bungalow Zone in a phased manner.... Bharat Nirman Part II: UPA looks to wash away the stains with honours list Multi-media campaign by Percept will attempt to showcase Aadhaar, cash transfers and food security among other achiev... ATMs may run out of cash if governments fail to secure delivery vans Your neighbourhood ATM may run dry by month end if the government fails to resolve concerns raised by cash logistic p...

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