Business

Panasonic skidded 3.8 per cent after it said on Monday that it expects to post an annual net loss of 420 bn yen.

There are a analysts who say markets have been overly negative and are forecasting better times ahead.

Sensex climbed 515.97 points to close at 17,804.80 and the Nifty jumped 158.90 points to end at 5,360.70.

Among the largecaps, TCS and HCL Tech got butchered quite badly.

HDFC had posted a net profit of Rs 807.54 crore for the July-September quarter of 2010-11.

Kingfisher owes HPCL approximately Rs 100-130 crore and a non-payment of due had resulted in the fuel stoppage.

Maruti's main unit in Gurgaon rolled out 64 per cent less cars on Tuesday.

Fitch also said it was keeping Portugal's debt rating on watch for a possible downgrade.

The memo says that the Yahoo! board has commenced a search for a permanent Chief Executive Officer.

Nifty fell 6.95 points to close at 5,133.25 and Sensex dropped 34.13 points, to end at 17,065.15.

Inflationary pressures are expected to ease towards the later part of 2011-12.

RBI lifted its policy lending rate, called the repo rate , by 25 basis points to 8.25 percent.

It is quite possible that home loan EMIs will go up, but in positive side, the FD rates could also go up.

Strikes began at Suzuki Powertrain after labour unrest at Maruti's Manesar factory.

European markets too were quite supportive; they were trading 0.7-1.2 per cent higher.

The figure rose to 9.80 per cent for the week ended August 13 on the back of dearer vegetables, fruits and protein-based items.