Business

The Sensex fell 89.01 points, to close at 15,454.92 and the Nifty dropped 21.95 points, to end at 4,624.30.

Manmohan Singh said India has to steer the economy back to the path of fiscal consolidation.

The Prime Minister assured the industrialists that the government was determined to get back on the growth path.

The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28.

The price of aviation turbine fuel, or jet fuel, in Delhi was cut by Rs 833 per kilolitre.

The rupee closed at 53.71/72 to the dollar after briefly hitting an all-time low of 54.

Spot gold lost 0.7 per cent to $1,654.65 an ounce, after posting its biggest one-day drop in nearly three months in the previous session.

Casino gaming revenues in Asia Pacific surged by a remarkable 49.7 per cent in 2010 according to a PwC report.

This is the first time it moved into negative territory since June 2009.

However, there would be some relief in the fuel prices with the jet fuel bill likely to stabilise at $ 85 per barre

The new board, made up of seven experts, will oversee the liquidation of tens of billions of dollars in assets.

The Supreme Court granted six weeks to the two parties to file their counter-affidavits.

State-owned oil marketing companies will meet later on Wednesday to review petrol prices.

This came after state-run banks, who often act on behalf of the RBI, were spotted selling dollars.

The 30-share BSE Sensex rose 119.32 points, to close at 16,065.42 and the 50-share NSE Nifty moved up 34 points, to end at 4,812.35.

Shares in beleaguered Kingfisher Airlines slumped nearly 18 per cent on Friday.