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Nifty expected to lose its support of 5,200
The benchmark indices rose for the second straight day today with S&P CNX Nifty closing at a 22-month high of 5,278. Nifty January futures closed at a premium to the spot and added 1.05 million shares in open interest through buy-side trades, indicating fresh long build-up. However, the Nifty remained range-bound after opening at higher levels.

Maha govt staff call off proposed strike
The government employees in Maharashtra today called off their proposed strike which was sheduled to begin tomorrow, saying the state government has accepted "most of their demands" including payment of HRA as per Sixth Pay panel recommendations from this month.

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Xerox to buy firm for $6.4 bn
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All police complaints to be treated FIRs

In a fallout of the Ruchika molestation case, all complaints received at police stations are to be treated as FIRs, while a move is afoot for automatic revoking of police and gallantry medals awarded to convicted officers. - GST Task Force advice differs from that of ministerial panel - ICICI Bank to raise up to Rs 1,200 crore via bonds - ICICI Bank sells PoS network to First Data Corp - ICICI sells POS business to First Data for $80 mn - IndiaFirst to start ops by Dec-end, gets nod for 3 products - Right levels critical to acceptability of GST regime The case of molestation of 14-year-old Ruchika Girhotra who committed suicide three years after the incident in 1990, sparked a national outrage after the accused ex-Haryana DGP S P S Rathore got away with a lighter six-month jail sentence. The home ministry has decided to issue a circular to the state governments asking them to ensure that all complaints received at police stations are treated as FIRs. The circular, to be issued next week, will direct state governments and Union Territories to ensure free and total registration of all complaints as FIRs, sources in the home ministry said today.


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