Business

Though it was a volatile session ahead of expiry of February derivative contracts the 50-share NSE benchmark Nifty closed at 6200-mark, up 14 points.

BHEL, Axis Bank, L&T and Dr Reddy's Labs were other gainers.

SEBI issued a notice to Etihad asking why it should not make a tender offer to Jet public shareholders as part of takeover rules.

Analysts believe that since it is just an interim Budget, there are unlikely to be any major changes on the policy front.

Food inflation slowed to 8.80 percent in January from 13.68 percent in December, as vegetable prices fell 21 percent month-on-month.

Senior journalist Vivian Fernandes e says the government will present its view especially since it has the nation's attention.

Assocham said that the model of user charges of the private sector built airports can be examined for the roads as well.

Rupee later moved in a narrow range of 62.19 and 62.44 before settling at 62.22 against dollar.

Growth in 2012-13 slipped to a decade-low of 4.5 per cent.

Before joining Microsoft in 1992, Nadella was a member of the technology staff at Sun Microsystems.

Hyderabad-born Satya Nadella, who is a US citizen, has been working with Microsoft for 22 years and was executive VP of Microsoft's Cloud and Enterprise group.

With this, IIMB has become third such Indian institution to have figured in top 100 management schools globally.

In the past three sessions, the rupee had plunged by 129 paise in line with a rout in emerging market currencies.

Nifty index declined 9.60 points, or 0.16 per cent, to end at 6,126.25.

The 50-share National Stock Exchange index Nifty fell 57.25 points, or 0.91 per cent, to end at 6,261.65.

Relieved by decline in inflation, the industry on Wednesday urged the Reserve Bank to lower interest rates to provide a fillip to the sluggish economic growth at a time when industrial output has turned negative.