Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
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Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
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MARKET EYE-Indian public sector stocks rally ahead of govt stake sales
* Shares of MMTC Ltd and Hindustan Copper Ltd rally on hopes of good demand in the upcoming stake sales by the government. * NTPC Ltd and Oil India's share sale attracted good response from investors * As of 31 Dec. 2012, the government held 99.33 percent stake in MMTC and 94.01 percent in Hindustan Copper. * MMTC shares up 16.9 percent, Hindustan Copper rises 11.5 percent while State Trading Corporation of India gains 16.7 percent. (manoj.dharra@thomsonreuters.com; manoj.dharra.thomsonreuters.com@reuters.net)
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