DSIJ Mindshare

The gradual increase in the cost of goods and services is known as inflation. A nation's economy is in danger when inflationary forces are present, but deflation, also known as negative inflation is a much more dangerous problem. 

Euro/USD broke its 20-year low, while HDFC twins merger waits as Tata Motors win case against Evey. In a major development, shareholders of Britannia Industries rejected the promoter’s investment proposal, also the Service Purchasing Managers' Index (PMI), came highest since April 2011, and recovery is seen in demand for the auto sector. 

At 11.30 am on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally higher.  

Nifty closed on a high note as it made a fantastic recovery in the last half an hour. It closed marginally lower on a close-to-close basis but gained about 240 points from its day’s low.

Indices closed lower for the sixth consecutive day and ended the week on a bearish note. Nifty slipped about 0.44 per cent.