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Markets end flat
The indices closed flat for the third consecutive session. In line with its Asian peers, the Sensex was down nearly 200 points in opening trades. But a recovery in the Japanese markets engineered a turnaround on Dalal Street. The Sensex finally ended at 16,356, lower by one point, and the Nifty closed at 4,906, up 24 points. Consumer durables, IT and auto sectors traded firm, while FMCG and banking were sluggish. http://smallpersonalloans.org.uk

TN to build disaster-resistant houses with World Bank aid
As part of its Phase-II plan, the Tamil Nadu government is planning to construct 17,000 disaster-resistant houses in rural areas. Each house would cost Rs 3 lakh, which is likely to be funded by the World Bank.

News of the day

'We'd like More comfort in broad-basing of recovery'
Business Standard / Mumbai February 1, 2010, 1:49 IST
Business Opportunities

US markets mixed, Tata Communications tank

US markets ended mixed on Tuesday as the Nasdaq edged up on news of a railroad acquisition. The Dow, however, slipped on statements of the US Federal reserve. - Exports drop by 13.8% in September - US markets edge up on fresh data - M Govinda Rao: Timing the exit right">M Govinda Rao: Timing the exit right - "All markets are now recovering" - Excise duty holds up software imports - Pranab to meet economic editors tomorrow The Nasdaq was up eight points at 2,057. The Dow slipped 18 points to 9,772. Indian ADRs were mixed. Tata Communications slumped 8% to $14.94. Sterlite shed 2.5% at $15.69. Dr Reddy"s dropped 2% to $22.49. Wipro and Patni Computers were down around 1% each. Meanwhile, Tata Motors added 2% to $11.98. Genpact and ICICI Bank advanced 1% each to $12.14 and $33.09, respectively.


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