With prices of onion crashing to
Rs 4-10 a kg in the wholesale, farmers in the main producing region Nashik in Maharashtra are holding their stocks on hopes of lifting of export ban on the kitchen staple to earn handsome returns.
A better-than-expected industrial growth for November and promising third quarter earnings by trend-setter Infosys failed to cheer the markets and the benchmark Sensex on Tuesday closed down by over 100 points.
The Bombay Stock Exchange benchmark
Sensex on Tuesday jumped by over 170 points, or 0.92 per cent, in
opening trade on buying by foreign funds, driven by rally on
the global bourses after positive US manufacturing data.
Asian stocks rose Thursday, poised for a near 70 percent gain on the year, while the dollar hovered near 16-week highs as a jump in US consumer confidence reinforced views that the world`s largest economy was gradually recovering.