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Rajaratnam pleads not guilty to insider trading
Sri Lankan Tamil-origin billionaire Raj Rajaratnam has pleaded not guilty before a court here to running an insider trading scam that allegedly racked upto $21 million in profits, the biggest such case in the US.

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Markets open on a sluggish note
The markets have opened with a negative bias.

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NHDC targets Rs 1,050 cr turnover
National Handloom Development Corporation (NHDC) is targetting a turnover of Rs 1,050 crore in the current fiscal. Last fiscal, NHDC had registered a turnover of over Rs 829 crore despite the economic slowdown in the national and international markets.
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Sensex at day's low

The Sensex has slipped further and is now at 16,623, down 220 points. - Sensex extends losses - Sensex still in red; Tata Motors tumbles 5% - UTV Software to raise $150 mn for expansion, retiring debt - Sensex slips into red after +ve start - RIL bonus fails to cheer Sensex - Bull run may go bust in 2 months: Jhunjhunwala The NSE Nifty is at 4,938, down 63 points. Bharti Airtel has added 4% to Rs 348 and Reliance Communications advanced 2% to Rs 252. Tata Motors has tumbled 6% to Rs 554. SBI and Wipro have slipped over 2.5% each to Rs 2,054 and Rs 551, respectively. Grasim Industries, ICICI Bank, TCS, HDFC and Sterlite have declined around 2% each. The market breadth has turned negative, out of 2,759 shares traded, 1,564 has declined and 1,107 have advanced so far on the BSE.


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