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Markets in oversold zone
The markets ended lower for the second straight week as rate hike fears, global cues and futures & options expiry weighed on the sentiment. The Sensex fell below 16,000 for a brief while and touched a low of 15,982. It eventually ended with a loss of 502 points at 16,358. http://smallpersonalloans.org.uk

India loses crops of Rs 50,000 cr to poor post-harvest handling
India is losing food items worth a whopping Rs 50,000 crore every year due to poor post-harvest handling of farm produce, a development that analysts say may jeopardise the Centre"s plan to formulate a food security law, especially in view of a "below-normal" monsoon.

News of the day

BJP shows 'strength' by bandh
West Bengal"s flagship IT district started the week on a tumultuous note with political activists going on a rampage early on Monday in an effort to enforce the 12-hour shutdown called by the Bharatiya Janata Party (BJP). Elsewhere, party activists obstructed trains and set buses on fire, to protest against rising food prices, thereby partially affecting life in the city.
Small Business

FIIs net sold Rs 272 crore in F&O on Wednesday

The foreign institutional investors (FIIs) were net sellers of Rs 272.90 crore in futures and options segments on Wednesday. - FII-TO-FII TRADES: PNB traded at 6% premium - Market likely to remain in corrective mode - FIIs net sellers of Rs 362 cr in cash mkt today - Breakout above 5,300 likely - FIIs net bought Rs 13 crore in F&O on Monday - Breakout above 5,300 likely According to the data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 682.19 crore, while they bought index options worth Rs 547.39 crore. They were net sellers of stock futures to the tune of Rs 116.12 crore and sold stock options worth Rs 21.98 crore.


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