Business

There has been a decline in prices of essential items like vegetables, onions, potatoes and wheat.

However, a very poor GDP number coupled with policy paralysis is hurting investor sentiment.

Index heavyweights Reliance Industries, ICICI Bank, Bharti, ONGC and BHEL gained 3.5-4 per cent.

CII President B Muthuraman said the investments would do good for the overall economy and trigger job creation.

Tata Power, Tata Coffee and Trent were holding onto gains in early morning trade.

The company has hiked the price of Swift, SX4 and DZiRE by Rs 10,000 each.

The government has raised interest rates on Public Provident Fund from 8 per cent to 8.6 per cent.

Moody's negative outlook on the Indian banking system due to rising bad loans adds to the woes.

Domestic passenger car sales stood at 1,38,521 units in October, as against 1,81,704 units in the same month last year.

Moody's Investors Service cited concerns of increasingly challenging operating environment that may hit asset qualihit asset quality.

Veerappa Moily held a roundtable with members of the American business community, organised by the USIBC.

Largecaps like ICICI Bank, BHEL, Coal India and NTPC fell 1 per cent each.

Greek PM Papandreou's move threw into question the survival of efforts to contain the debt crisis.

Heavyweights L&T, SBI and Bharti Airtel jumped 1-1.4 per cent.

The 30-share BSE Sensex staged a remarkable performance in the second half of trade that too on an expiry day.

Citigroup neither admitted nor denied the SEC's allegations in the settlement.