ECONOMY ANALYSIS
MPs welcome SC's decision to grant bail to Lalu Prasad
Reliance Power starts generation from Sasan UMPP 2nd unit
Twitter backtracks amid outcry over user blocking changes
FMC appoints PwC to do special audit of MCX
Microsoft considers Qualcomm exec as CEO candidate - report
Biocon launches programme to train bioscience students
Investment cycle may remain weak; ITC top pick: Barclays
MARKET ANALYSIS
Rate hike fears spooked the market. The Sensex declined 191.08 points or 0.91 percent to 20,734.53, and the Nifty slipped 64.10 points or 1.03 percent to 6,172.95.
ICICI Bank and BHEL topped the selling list, falling 4 percent each followed by HDFC, GAIL, Bajaj Auto , Hero Motocorp and State Bank of India with a 2-3 percent loss.
Global equities headed for their biggest two-week drop since June and the dollar hit 5-year highs against the yen on Friday amid concern the US Federal Reserve could start scaling back its stimulus as early as next week.
Stronger-than-expected US retail sales data the previous session, coming after last week's forecast-beating jobs report, has increased speculation the Fed will start winding down its bond purchases
soon.
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