New Delhi/Hyderabad, Dec 9 (PTI) Buckling to pressure, the Centre tonight conceded to the demand for a separate Telangana state for which the process will be initiated and an appropriate resolution will be moved in the Andhra Pradesh Assembly.
Shortly after the announcement of the decision by Union Home P Chidambaram in New Delhi to create the new state, TRS chief K Chandrasekhar Rao ended his 11-day fast undertaken to press for Telangana state.
The decision on Telangana was taken at a late night meeting Prime Minister Manmohan Singh had with Andhra Pradesh Chief Minister K Rosaiah after two rounds of consultations in the Congress Core Committee with Sonia Gandhi and senior cabinet colleagues.
"After these consultations, I am making this statement. The process of forming the state of Telangana will be initiated.
Wednesday, December 9, 2009
Centre concedes demand for Telangana state, KCR ends fast
STAFF WRITER 1:4 HRS IST
Sensex ends 100 points lower; metals, banks down
MUMBAI: Equities ended rangebound session in the negative terrain Wednesday in line with other global markets. Metals, banks and power stocksled the decline while IT and auto showed some resistance.
Bombay Stock Exchange’s Sensex closed at 17123.08, down 104.60 points or 0.61 per cent. The index touched an intra-day low of 17057.37 and high of 17227.96.
National Stock Exchange’s Nifty closed at 5112.85, down 35.10 points or 0.68 per cent. The 50-share index hit a high of 5147.65 and low of 5090.60.
BSE Midcap Index was down 0.60 per cent and BSE Smallcap Index moved up 0.41 per cent.
Amongst the sectoral indices, BSE Metal Index was down 2 per cent, SE Bankex slipped 1.43 per cent and BSE Power Index declined 0.59 per cent. BSE IT Index was up 0.82 per cent, BSE Auto Index moved up 0.69 per cent.
Biggest Sensex gainers were Maruti Suzuki (2.99%), Hero Honda (1.69%), Wipro (1.54%), Sun Pharmaceuticals (1.29%) and Tata Consultancy Services (0.99%)
Tata Steel (-3.97%), Hindalco Industries (-3.01%), Sterlite Industries (-2.93%), HDFC (-2.33%) and ICICI Bank (-1.96%) were the losers.
Market breadth on BSE, however, remained positive with 1511 advances outnumbering 1307 declines.
ET
Bombay Stock Exchange’s Sensex closed at 17123.08, down 104.60 points or 0.61 per cent. The index touched an intra-day low of 17057.37 and high of 17227.96.
National Stock Exchange’s Nifty closed at 5112.85, down 35.10 points or 0.68 per cent. The 50-share index hit a high of 5147.65 and low of 5090.60.
BSE Midcap Index was down 0.60 per cent and BSE Smallcap Index moved up 0.41 per cent.
Amongst the sectoral indices, BSE Metal Index was down 2 per cent, SE Bankex slipped 1.43 per cent and BSE Power Index declined 0.59 per cent. BSE IT Index was up 0.82 per cent, BSE Auto Index moved up 0.69 per cent.
Biggest Sensex gainers were Maruti Suzuki (2.99%), Hero Honda (1.69%), Wipro (1.54%), Sun Pharmaceuticals (1.29%) and Tata Consultancy Services (0.99%)
Tata Steel (-3.97%), Hindalco Industries (-3.01%), Sterlite Industries (-2.93%), HDFC (-2.33%) and ICICI Bank (-1.96%) were the losers.
Market breadth on BSE, however, remained positive with 1511 advances outnumbering 1307 declines.
ET
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