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Quiet day for markets
The Sensex opened at 17,719 and soon touched a high of 17,790 - the highest level in the last 22 months. Weakness in the IT shares however pulled the index into the negative terrain to touch a low of 17,636, down 153 points from the day"s high. The BSE benchmark index kept on swinging zones for the rest of the trading session and finally ended flat at 17,701, up 15 points. The NSE Nifty is at 5,282, up four points.

No headway in BHEL disinvestment: Vilasrao
The government today said no headway has been made regarding the disinvestment of state-run power equipment maker Bharat Heavy Electricals Ltd (BHEL).

News of the day

Gujarat realtors' delegation to visit Japan, Korea
Even as Gujarat chief minister Narendra Modi hopes to see the state, alongwith Japan and Singapore dominate the Asian economy, a delegation of 95 real estate developers from Gujarat will be visiting Japan and Korea to study and imbibe technological know-how of infrastructure in these Asian economies.
Corporate

ASEAN to be complete free trade area next yr

The Association of South East Asian Nations (ASEAN) will be a complete free trade area next year and regionally integrated for its six most mature economies when duties on most of products are eliminated. The move will significantly reduce the cost of doing business and boost ASEAN"s attractiveness as an investment destination, said P Ravindran, the Senior Director of the ASEAN Economic Co-operation Division at Malaysia"s Ministry of International Trade and Industry (MITI).


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