The Week That Was: Soaring Market Ends Week On Sober Note

Sat, May 18, 2013 at 05:16

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Economy, business and cricket. All these ingredients came to together to make the week a lip-smacking, eventful and rollercoaster ride of expectation and hope. The low inflation data on Monday set the pace for the days to follow. Earnings were not behind as ITC threw a surprise by declaring that its profits rose on the back of stellar perfromamce by its non-cigarette segment.

The IPL match-fixing scandal, the USFDA fining Ranbaxy USD 500 million on charges regarding drug safety and JM Financial hiring Citigroup’s Vivek Pandit to head its NBFC foray tingled the senses and raised more questions than could be answered.

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