Nifty Tips
Key benchmarks closed marginally in the green however, the Nifty managed to close above the 5,900 mark for the first time since April 13, 2011.
At 15.59 hrs IST, the Sensex is up 43.74 points or 0.23% at 19391.86, and the Nifty up 15.20 points or 0.26% at 5904.45.
The heated debate between the UPA and the opposition over FDI in retail continued for the second day in the Lok Sabha. The Lok Sabha will vote on the matter later this evening. NCP leader Praful Patel said the Maharashtra government will take into consideration the pros and cons before allowing FDI in retail. Key opposition leaders of the JD(U) , AIADMK and the left lashed out at the ruling party saying the government is bending backwards to appease foreign companies and that FDI in retail will result in high unemployment.
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