Sensex ends 21 points lower, FMCG, banking drag scrips

Mumbai, Dec 14: Profit-booking on Monday pulled down a benchmark index of the Indian equities markets, which ended trade 21 points lower as FMCG, consumer durables and banking stocks came under selling pressure.

Banking stocks suffered as annual rate of inflation, based on wholesale prices, rose sharply to 4.78 per cent in November from 1.34 per cent in the previous month.

India, China key for positive Copenhagen outcome

New Delhi, Dec 14: China today accused the developed world of trying to back out of their obligations to tackle climate change despite being the maximum polluters and pressed for close coordination with India to present a strong front to ensure positive results from Copenhagen.

Describing India and China as “emerging powers” and the “future of the world”, Chinese Ambassador Zhang Yan said the two countries should take a lead in mobilising all developing nations to achieve a “win-win” result wherein development is not made to suffer at the cost of tackling global warming.