India and China: Economic Indicators over 10 years

At the start of the decade, China’s gross domestic product (GDP) was 2.5 times India’s. Today, it is 3.8 times as large. Foreign exchange reserves were 4.4 times India’s in 2000; in 2010, they were nine times the size. Exports of goods and services were 2.4 times that of India in 2000. Ten years later, they are 3.4 times bigger.
For more information: Economic Indicators

Nifty Unstable

The Indian markets opened on a flat note after drubbing it took from the hands of bears in last session. The global cues are not too supportive for the markets at this point of time. Buying was seen in capital goods and selective telecom stocks.

At 09.21, the Sensex was up 65.84 points or 0.37% at 18059.17, and the Nifty was up 28.05 points or 0.52% at 5414.60.About 625 shares advanced, 244 shares declined, and 2773 shares remian unchanged.

Nifty gainers: Larsen, Ranbaxy Labs, Grasim, Sun Pharma and DLF were up 1-1.4%.

Nifty losers: HCL Tech, Hindalco, GAIL, Sesa Goa and Jaiprakash Associates were down 0.6-2%.

Sensex below 18k level

The BSE Sensex dipped below the 18,000-points mark after two months at mid-session on Monday, due to brisk selling by funds in heavy-weight stocks, led by banking and metal sectors.

The Bombay Stock Exchange benchmark Sensex, which opened in a negative zone, rolled down further by 353.43 points to 17,972.66 at 1330 hours, a level last seen on March 22.

Selling pressure gathered momentum, on concerns over inflation and rising interest rates, amid worsening signs of the Europe's debt crisis. The banking sector index suffered the most by 2.81 percent to 11,817.30, while metal index dropped by 2.60 percent to 14,728.54.

Sensex down 300 Points

Weak global cues and rally in dollar dragged the Sensex below 18000 levels. Earning woes were kicked off by engineering heavyweight BHEL for this week. Concerns over Greece debt was weighing heavily on the global markets. Dollar index has now crossed important resistance level of 76.

At 14.36 , the Sensex down 323.91 points or 1.77% at 18002.18, and the Nifty was down 102.60 points or 1.87% at 5383.75. About 732 shares advanced, 1980 shares declined, and 930 shares remain unchanged.

GAIL India and Bajaj Electricals announced its fourth quarter results

GAIL India has announced its fourth quarter results. The company's Q4 net profit was down 14% at Rs 783 crore versus Rs 911 crore, year-on-year, YoY. Its net sales were up 36% at Rs 8,894 crore versus Rs 6,522 crore, YoY.

Bajaj Electricals has announced its fourth quarter results. The company's Q4 net profit was up 53% at Rs 57.5 crore versus Rs 37.5 crore, year-on-year(YoY). Its net sales were up 25% at Rs 979.4 crore versus Rs 784 crore, YoY.