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Admits to communication gaps
Admitting that there were communication gaps in the recently concluded climate talks in Copenhagen, Environment and Forests Minister Jairam Ramesh today said that the Danish Presidency could have handled the larger consultation process in a better way.

Markets gain on reform buzz, positive news
Stock markets surged on hopes of a push to domestic economic reforms, positive G-20 talk and firm global markets. The Sensex gained 340 points to end at 16,499 and the Nifty closed at 4,898, up 102 points.

News of the day

Lupin, Garnier Life Science challenge govt's order fixing drug prices
Drug major Lupin and Swiss Garnier Life Science moved the Delhi High Court on Monday, challenging the government’s decision to fix the price of their anti-asthma drug Doxyflline. In their petition, Lupin and Garnier Life Science challenged the National Pharmaceutical Pricing Authority circular, in which it has put its two medicines under the first schedule of the Drug Price Control Order of 1995.
Management

Sensex firm; Hindalco up 5%

The Sensex is exhibiting firmness and is now at 17,708, up 149 points. The NSE Nifty is at 5,280, up 48 points. The Midcap and the small cap indices have added 1% each at 6,905 and 8,589, respectively. Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit Hindalco has soared 5% to Rs 171. Jaiprakash Associates has advanced 3% to Rs 159. Grasim Industries, Sterlite, Tata Steel, Mahindra & Mahindra and DLF has added 2% each at Rs 2,608, Rs 894, Rs 648, Rs 1,152 and Rs 372, respectively. Reliance Communications, Tata Power, HDFC and ICICI Bank were the other prominent gainers, up 1% each. The market breadth is positive, out of 2,646 shares traded, 1,938 have advanced and 628 have declined so far on the BSE.


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