The key benchmarks reinstated their composure after initial glitches and a great deal of jerkiness. Capital goods realty and consumer durables stocks were in demand while FMCG and oil & gas sectors were left behind though were trading on the higher side.

The Reserve Bank of India is likely to decrease its inflation forecast for the year ending March 2009.

ADAG Company Reliance Communications (R-Com) is going to be the first company to buy back foreign currency convertible bonds (FCCBs) as the Reserve Bank of India (RBI) permits early buyback of such bonds through rupee resources as well.

At present, HDFC Bank is trading at Rs 940.10, up by 51.25 points or 5.77% from its previous closing of Rs 888.85 on the BSE.

The Reserve Bank of India (RBI) has granted the Foreign Institutional Investors (FIIs) to purchase, under Portfolio Investment Scheme (PIS), equity shares of McLeod Russel India through the primary market and stock exchanges in India up to 40% of the company’s paid-up capital.