Chandrababu's grandiose plans

Chandrababu's grandiose plans

Chandrababu Naidu government has drawn up ambitious plans to transform Andhra Pradesh
In Mulayam’s Mainpuri, contest is for BSP’s votes

In Mulayam’s Mainpuri, contest is for BSP’s votes

BJP is on a high and, with BSP out, is optimistic of a first in Mainpuri.

Profit-booking drags BSE Sensex down over 71 pts, NTPC shares tank 11 pct

Dec 10 2013, 17:18 IST
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The Sensex provisionally fell 0.36 percent, retreating from its record high of 21,483.74.  (AP) The Sensex provisionally fell 0.36 percent, retreating from its record high of 21,483.74. (AP)
SummaryICICI Bank fell 3.6 percent, while Larsen & Toubro lost 4.1 percent.

retracing from their six-month high made on Monday.

Axis Bank Ltd fell 3 percent while State Bank of India ended 2.5 percent lower.

In addition, shares of electricity utilities dropped after the power regulator tightened certain rules for tariffs and operations for the sector in its draft 2014-19 guidelines. NTPC Ltd slumped 11.4 percent.

Apart from NTPC, Power Grid Corp of India Ltd fell 2.9 percent, while Tata Power Co Ltd declined 1.5 percent. However, among stocks that rose, Ess Dee Aluminium Ltd gained 7.3 percent, having earlier risen as much as 9.7 percent, after the central bank on Monday allowed the company to increase foreign investment limit on its shares.

FACTORS TO WATCH

* Tighter money market conditions, ECB stance buoy euro

* Brent rises toward $110; data shows China demand strong

* Stocks lose grip on gains, euro scales heights

* Foreign institutional investor flows

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