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Prepare for more range-trading
The market turned weak on the cusp of settlement and made a partial recovery in the first session of the December settlement. The Nifty ended with a net week-on-week loss of 2.2 per cent, closing at 4,941.75 points while the Sensex was down 2.3 per cent at 16,632 points. The Defty lost 2.5 percent with the rupee losing ground.

Asian markets remain weak
The Asian markets continue to trade weak.

News of the day

Govt mulls leasing sick units under PPP
Eyes 90-year, revenue-sharing contract for eight fertiliser units.
Small Business

Bombay Dyeing: Banking on realty

Surf"s up for Bombay Dyeing as its real estate projects and domestic textile demand take-off The textile manufacturer is back in the news with two more Central Mumbai real-estate projects launched in December 2009. The renewed interest in the stock is based on analyst observations that the company is seriously considering restructuring its loss-making polyester business which has been a weak link so far. The textile segment is also poised for a turnaround, according to analysts, as domestic demand has picked up although exports are still soft.


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