Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Business Videos

Diesel price hike: Sensex hits 2 yrs high

Jan 18 2013 00:00 IST
Soon after the government partially deregulated diesel price allowing a hike of 40-50 paise a litre per month for retail customers and nearly Rs. 11 for bulk consumers, the Indian Oil Corporation Limited announced a marginal hike in diesel prices of 45 paise. IOCL also cut the price of petrol by 25 paise per litre. Both price changes were excluding VAT, and effectively translate into an increase of 50 paise and a decrease of 30 paise for the two auto fuels respectively at pumps in Delhi. Prices at pumps in other cities will vary according to the prevalent taxes. According to reports, up to 50 paise hike will take place every month.