Sensex down by 33 points in early trade

 Economy
Dec 162012
 

Sensex

Stocks of consumer durables, capital goods and FMCG sectors fell due to profit-booking.

The author has posted comments on this articlePTI | Dec 17, 2012, 09.52AM IST

MUMBAI: The BSE benchmark Sensex declined by over 33 points in early trade on Monday as investors preferred to book profits ahead of the RBI’s mid-quarter monetary policy review on Tuesday.

Besides, a mixed trend on Asian bourses also dampened the trading sentiments here.

The 30-share barometer, which gained 87.99 points in the previous session, fell by 33.22 points, or 0.17 per cent, to 19,284.03. Stocks of consumer durables, capital goods and FMCG sectors fell due to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty shed 19.40 points, or 0.32 per cent, to 5,860.20.

Brokers said besides profit-booking by speculators after gains on Friday, a cautious approach ahead of the Reserve Bank of India’s mid-quarter monetary policy review on Tuesday and a mixed trend on the Asian boures influenced the trading sentiments.

In the Asian region, Japan’s Nikkei Index gained 1.62 per cent, while Hong Kong’s Hang Seng index down 0.25 per cent in early trade. The US Dow Jones Industrial Average ended 0.27 per cent down on Friday on uncertainty over the fiscal cliff.

Sonakshi Sinha to endorse Rajhans Group

 Celebrities
Dec 142012
 

Sonakshi Sinha is one PYT who is definitely on a roll. After making a smashing debut and also becoming one of the most sought after brand ambassadors by many FMCG companies, she is in the news yet again.

The latest conquest in her land of brand ambassadorship is that of the Surat based conglomerate ‘Rajhans Group’, who are one of the front runners when it comes to textiles, realty, entertainment, hospitality and confectionery. Speaking about Sonakshi, Jayesh Desai (Group Chairman) said, “Sonakshi Sinha connects to all segments of the society throughout the nation. Her personality matches to the company’s positioning statement, ‘Wings of Happiness’ that takes the pledge to fill people’s lives with happiness by bringing them not only small joys but also helping them realize their big dreams”.

On her part, Sonakshi said, “Rajhans (Desai-Jain) Group is a very aspirational brand. I think not everyone gets this opportunity so early in their career to represent such a big group. I have been very fortunate. The Group has many ambitious ventures in the future and is poised to grow further. This is a good prospect for both of us since we both are growing as of now in our respective careers. I look forward to a long association with this Group.”