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Market likely to remain in corrective mode
The Sensex and Nifty closed near their trendline support of 17,400/5,220 on the back of weakness in world stocks and lack of buying interest in the futures and options (F&O) segment in the last couple days.

C&C Constructions qualifies for Rs 20k cr road projects
Infrastructure player C&C Constructions today said it has cleared the technical qualification round for building several highway projects worth around Rs 20,000 crore in the country.

News of the day

Truck prices moving north
Commercial vehicle makers including Tata Motors, Volvo and Ashok Leyland have hiked or are considering raising prices of trucks by up to four per cent this month to offset rising input costs, even as the segment saw return of demand.
Corporate

R Gopalan takes charge as Fin Services Secy

R Gopalan, a 1976-batch IAS officer, has been appointed as the Financial Services Secretary in the Finance Ministry. Sensex ends up 35pts He would look after the banking and insurance division in the ministry. Earlier, Finance Secretary Ashok Chawla was holding the additional charge of this department. Prior to this, Gopalan was serving as special secretary in the Commerce Ministry. He also served as additional secretary and joint secretary in the Commerce Ministry. "He has participated actively in WTO ministerials at Doha, Cancun and Hong Kong, and assisted the commerce minister at the G-6, G-20 and G-110 meetings," the release said. He has also participated in inter-governmental negotiations in the areas of agriculture, services and environmental goods, and led the Indian delegation at the WTO. Gopalan has served as director of general anti-dumping and anti-subsidy investigation, director on the boards of MMTC and STC, and CMD of Tamil Nadu Industrial Development Corporation. He has held various positions in the Tamil Nadu government.


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