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Markets end lower amid volatility
The Indian markets opened weak, on the back of negative US and Asian cues. There were feeble attempts at a comeback, with the markets crossing over into the green in the first hour of trade and again around noon, only to retrace immediately thereafter. The afternoon session was volatile, albeit in the red, as the indices unsuccessfully attempted to claw back above the dotted line.

Sensex rebounds, up 20pts
The Sensex has mangaed to erase all of its losses and has rebounded into the positive zone. The index is now at 15,646, up 17 points.

News of the day

Pfizer to source 40 off-patent cancer care drugs from Strides
Global pharma major Pfizer is to source source 40 off-patent (generic) cancer care products from Bangalore-based Strides Arcolab and sell the products in the United States.
Business Ideas

India can build nuclear aircraft carrier, warships: Kakodkar

After the launch of the country"s first indigenously built nuclear submarine, India has the "technical expertise and capability" to build nuclear-powered aircraft carrier and warships, Atomic Energy Commission Chairman Anil Kakodkar has said. "We have the technical expertise and capability to build nuclear-powered aircraft carriers and warships of global standards," Kakodkar said on the sidelines of a function here last night. India is also planning to set up 20 units of indigenous 700 MW of pressurised heavy water (PHWR) type reactor and the Centre has already agreed in principle for four such units for which site and environment clearances have been done, Kakodkar said. India has already developed 220MW, 540MW PHWR type nuclear reactors which are operating successfully and it is possible to have 20 units of 700 MW plants which can run with indigenous natural uranium as well as imported fuel, he said. Since the uranium available in India could supply up to 10,000 MW of electricity, the ambitious 700MW PHWRs are part of the evolutionary development of indigenous design, Kakodkar said.


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