Monday, December 12, 2011

[Dec 12] Weak IIP data drives market down

Goodreturns.in
Monday, December 12, 2011

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Editor's Pick
Weak IIP data drives market down
Indian markets witnessed a sharp fall after the government released negative IIP numbers. The benchmark SENSEX declined to 15,927, down by 155 points and the 50-share scrip NSE Nifty slipped below 4,800 level to 4,785, down by 82 points.
Gold falls sharply by Rs 250 on MCX
Gold fell sharply on Monday as the fears about the euro zone debt crisis resurfaced among the jittery investors after European Union (EU) summit failed to come with any convincing plan to stem the nation's debt crisis.
7 Must Know Facts about Public Provident Fund (PPF)
The key to wealth creation lies in the practise of saving regularly and systematically. The Public Provident Fund (or the PPF) is one such long-term investment option that would suit investors of all types. Scoring high on safety, by virtue of it being government backed, this wonderful option comes with tax benefits, loan options and a low maintenance cost. Investment Yogi explains 7 must knows of a PPF, to make them more profitable for you.
Axis MF unveils Axis Capital Protection Oriented Fund
Axis Mutual Fund has unveiled a New Fund Offer (NFO), namely, Axis Capital Protection Oriented Fund - Series 3. It's a close-ended debt scheme. The tenure of the scheme is 3 year.
What Causes Deflation?
Its best to explain the same with the following example. Let us assume that in a village there are only ten goods and ten Rs 10 notes are available to purchase them with. We can safely assume that each item will end up costing Rs 10 each.
Indices
Dec 12, 4:05 pm
15,870.35
-343.11
[-2.12%]
4,764.60
-102.10
[-2.10%]
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Currency Exchange Rates for INR
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