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Wkly Tech Analysis: Old highs may be tested
The year 2009 ended on a high note, with benchmark (BSE & NSE) indices registering best yearly gains in the last two decades and touching fresh 19-month peaks. The year, however, will be most remembered for the Sensex and the Nifty hitting the upper circuit for the first time.

RBI to seek Dubai World exposure details from banks
The Reserve Bank of India (RBI) on Friday said it would ask banks to furnish details of their direct and indirect exposure to Dubai World, the beleaguered Dubai government-owned holding company which asked for more time to repay its debt.

News of the day

Wkly Tech Analysis: Bulls to hold sway above 17,380
The markets struck positive notes at the beginning of the year with the benchmark indices touching their fresh 22-month highs. The Sensex scaled a high of 17,790, but eventually ended with a marginal gain of 75 points at 17,540 this week. Mid- and small-caps outperformed the benchmark with significant gains of 3.4 per cent and 4 per cent, respectively.
Public Relations

DP World shrugs off gloom, marks UAE National Day

DP World, a regional branch of the crisis-hit UAE investment company Dubai World, celebrated the 38th National Day of the country here, ignoring the hoopla over its parent company"s debt default issue. - Dubai World in talks to recast $26 billion debt - Dubai World debt restructuring to total $26 bn - Loan rating cut for DP World"s Indian units - Dubai crisis not to impact India"s growth: Montek - China may see investment opportunity in Dubai woes: report - ICRA lowers rating for loans to DP World's two India units Members of the DP World family, including the port operator"s top management, senior officials, employees and their families, took part in the day-long events held at the premises of the flagship Jebel Ali Port yesterday. "Our celebration was the expression of DP World"s pride in the great achievements the UAE has made over the past 38 years. It is an honour that we also have been part of this historic march," Mohammed Al Muallem, Senior Vice President and Managing Director DP World, UAE Region said. Activities included traditional and cultural programmes such as a falcon show, henna, sand drawing and a talent show among a host of other events. A traditional music band cheered up the proceedings. There was a traditional clothes corner and a specially created Souq bringing in an old world ambience. DP World is one of the largest marine terminal operators in the world, with 49 terminals and 12 new developments across 31 countries. Its team of nearly 30,000 people serves customers in some of the most dynamic economies in the world including India.


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