 Thursday, December 01, 2011     Editor's Pick Indian stock market in celebration mood A sort of exuberance seen over the Indian stock exchanges after major central banks came with a supporting hand for struggling European banks. Indian gold futures boards back Rs 29,000 Gold futures rose in India for the third straight day tracking the firm global trend. Overseas gold prices are hovering above US$ 1,740-level after world's major central banks united to support struggling European nations. How to Invest in Banking Stocks Skyrocketing interest rates, rising NPAs, and high deposit rates have beaten down banking sector as a whole. The Bankex, (the index covering all banking stocks) is lowest in last 18 months. L&T MF launches 90 days Fund L&T Mutual Fund has launched a new fund named as L&T FMP - V (November90D B), a close-ended debt scheme with the duration of 90 days. The fund will get mature on February 29, 2012. What is double dip recession? Economist use the term recession to describe the contraction phase of business cycle, with two or more consecutive quarters of negative GDP growth. During recession majority of the macroeconomic indicators show a slowdown or contraction with varying pace though in the same direction.  Currency Exchange Rates for INR 51.457 69.441 80.887 0.662 40.044 Money SMS Alert Early market trends; top trade picks, - via regular sms alerts on MTDY-MARKETS - for only Rs.10/month Subscribe to our RSS feed to get the latest on www.goodreturns.in Check Oneindia Money on your Mobile m.goodreturns.in Write in to us, to send us your feedback Greynium Information Technologies Pvt. Ltd. | Disclaimer, Terms of Service and Privacy Policy Note: You are receiving this email because you have an email account with Oneindia.in |
