September 10, 2010, 9:56 pm

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GDP numbers help Sensex pares losses

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Mumbai: A benchmark index for Indian equities recouped some of its intra-day losses to close 61 points lower on a day when bourses globally saw a sell-off.
Investor confidence dipped on the state of the economic recovery in the US and other developed economies. India too was not far behind, tracking the global selling spree.

Positive growth data, however, helped soothe sentiments. As per official data, the country’s gross domestic product expanded 8.8 percent in the April-June quarter, helped by domestic demand.

Sensex closes 33 points higher

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Mumbai: A benchmark index for Indian equities ended Monday with a modest 33 point gain, with metals and consumer durable stocks seeing healthy buys. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,063.48 points, ended at 18,032.11 points, up 33.7 points or 0.19 percent, from Friday’s close at 17,998.41 points. It had risen to 18,216.5 points soon after opening bell.

Sensex slips into red

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Mumbai: A benchmark index for Indian equities slipped from its intra-day highs and was ruling marginally lower than its previous close.

Other Asian markets, however, closed in the green.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,063.48 points, was trading in afternoon trade at 17,998.73 points, almost unchanged from Friday's close at 17,998.41 points.

It had risen to 18,216.5 points soon after opening bell. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling 0.05 percent up at 5,410.2 points.
Broader markets indices were ruling in a slump. The BSE midcap index was down 0.19 percent while the BSE smallcap index was flat.

Gold prices set to touch Rs 20,000 per 10 grams by Diwali

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Mumbai: Gold prices are all set to touch Rs 19,500-20,000 per 10 grams by Diwali due to rising investor interest, a top industry official said.

"We expect gold prices to cross Rs 19,500-Rs 20,000 per 10 grams by Diwali this year after some correction in prices," Bombay Bullion Associations ( BBA) president Suresh Hundia said .

Standard gold (99.5 purity) closed at Rs 18,910 and pure gold (99.9 purity) at Rs 19,000 per 10 grams in the Mumbai bullion market last week.

In New York, gold for December delivery is hovering at USD 1,237.90 an ounce on the

Indra Nooyi rules herself out of race to succeed Ratan Tata

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New Delhi: PepsiCo chairman and chief executive officer, Indra Nooyi, who has been speculated to be among the possible candidates to succeed Ratan Tata as chairman of the Tata Group, has ruled herself out of the race saying she "loves" her present job.

"Ratan is an unbelievable person. He has got an incredible stable of people who can succeed him. I am running one of the greatest companies in the world, PepsiCo. I love my job,"

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