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Quiet day for markets
The Sensex opened at 17,719 and soon touched a high of 17,790 - the highest level in the last 22 months. Weakness in the IT shares however pulled the index into the negative terrain to touch a low of 17,636, down 153 points from the day"s high. The BSE benchmark index kept on swinging zones for the rest of the trading session and finally ended flat at 17,701, up 15 points. The NSE Nifty is at 5,282, up four points.

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Excise duty holds up software imports
Microsoft Windows 7, Adobe, Symantec software stuck at Customs over excise duty

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Small Business

US markets slump; Wipro bucks trend

US markets slumped on Thursday. - Commercial tax collection up 19% - US markets mixed on Fed decision - Sensex snaps 3-day losing streak, up 35 points - Free Microsoft software fails to scare rivals - Uptick in handicrafts exports may continue: Maran - US markets slip; Dr Reddy"s bucks trend The Dow shed 133 points (1.2%) to 10,308. The Nasdaq dropped 27 points (1.2%) to 2,180. Indian ADRs were all in red. HDFC Bank slumped 4% to $123.17. ICICI Bank shed 2.6% at $34.21. MTNL and Genpact were down 2% each at $3.03 and $13.84. Satyam Computers, Patni Computers, Sterlite and Tata Communications declined around 1% each. However, Wipro held strong gains and moved up 3% to $22.1. Dr Reddy"s was up 1% at $25.12.


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