Fresh weakness likely below 17,055

Rex Cano / Mumbai December 09, 2009, 9:22 IST The markets rallied smartly in the second half of the day backed by news of fresh government spending. The government yesterday announced that it planned an additional Rs 25,725 cr in public expenditure.

Major pvt airlines owe Rs 274 cr to AAI

Government today said the major private domestic airlines owed over Rs 274 crore to the Airports Authority of India for availing its services.

'Separate index for primary, manufactured items better'

With wholesale price inflation not reflecting true picture of food prices, the government today justified the introduction of separate index numbers for primary products and manufacturing items, saying the new mechanism give better reflection of price movements.

'Stocks may tumble next year on early exit'

The withdrawal of stimulus measures by central banks globally may send stocks tumbling next year, predict India’s money managers.

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