Prashastha Seth, senior fund manager at IIFL Wealth India Infoline, says Nifty will continue to be rangebound between 5300-4750 for the next few weeks. What can move the market either way are good results, he feels.
A panel of experts give their opinions over the practice of "paid news" as a serious matter influencing the functioning of a free Press. The Editors Guild of India is concerned at the increasing number of reports detailing the pernicious practice.
Aditya Narain, head - India research at Citi Global Markets India, says over a period of one year the interest rates will go up by 125 basis points. "Our sense is that in shorter period rates will be under pressure," he adds.
The BSE 30-share Sensex ended the day at 17,102 with 108 points gain. The Sensex remained firm above the 17,000 mark throughout the day. NSE's Nifty advanced 35 points up at 5124, above the levels of 5115.
CBS reviews Ford's much awaited small car Figo that has been recently launched in India. Figo comes at a price tag of Rs 3.5 lakh for the base petrol version and Rs 4.48 lakh for the base diesel version. The company expects high volumes form the model.
