BSE Sensex, Gold price, FDI inflows, Monsoon session, more
The Monsoon Session of Parliament is all set to begin on July 21, but it will be a truncated three-week affair. The cabinet Committee on Parliamentary Affairs (CCPA) is learnt to have recommended the dates for the monsoon session during which the government is expected to face an opposition attack over the ‘Lalitgate’ issue. Logging its first fall in nine days, the benchmark BSE Sensex on Wednesday slipped by 75 points to 27,729.67 as market sentiment took a hit in last half hour on news that the creditors have rejected Greece’s new proposal. Major losers were Hindalco (3.70 pc), Tata Steel (2.98 pc), M&M (2.27 pc), SBI (1.92 pc), NTPC (1.65 pc), Cipla (1.35 pc), Gail India (1.24 pc), Bharti Airtel (1.19 pc), and Tata Motors (0.89 pc). Continuing its falling streak for the fourth straight day, gold prices plunged by Rs 160 to trade at over two-month low of Rs 26,790 per 10 grams at the bullion market on Wednesday largely in tandem with a weakening global trend coupled with easing demand from jewellers. Silver also dropped by Rs 550 to Rs 36,400 per kg on poor offtake by industrial units and coin makers. The government is ready with a contingency plan despite an above normal monsoon so far, and Agriculture Ministry has been asked to take care of any situation if rains remain deficient going forward, Minister of Science & Technology Y S Chowdary said on Wednesday. “Monsoon definitely not only revived but it is very encouraging. In few pockets, there may have some issues but across the country it is going to be very good. FDI inflows in India rose 22 per cent to USD 34 billion in 2014, and the upward trend is likely to continue against the backdrop of a push to manufacturing as part of the ‘Make In India’ initiative, a UN report said on Wednesday. Indian rupee ended almost flat at 63.60 against the US dollar due to uneven demand and supply of the American currency from banks.