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Newsmaker: Sushma Swaraj
Aditi Phadnis / New Delhi December 25, 2009, 0:03 IST

Breakout may swing both ways
The benchmark indices in Asia, Europe and the US closed in a Doji pattern last week, signifying indecision among market players. The Nifty closed at 5,117.30 as against its last week’s close of 5,108. The BSE Sensex closed at 17,119 compared to 17,101 a week ago. A Doji pattern is often found at the bottom and top of a trendline and is considered as a sign of possible reversal of direction. In a Doji pattern, the market explores its options either way.

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Markets remain in negative territory
The markets continue to trade in the negative on the back of weakness in realty, metals and IT pack.
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India not to accept any legal binding on emission cut: govt

Under attack for its climate policy for Copenhagen summit, the government today said India will not accept any legal binding on emission cut and rejected any proposal that would put a cap on the carbon emission. - No compromise on carbon emission cut stand, says India - Dubai World may sell assets to part finance debt - No immediate plans to import rice, says govt - Black money trail: Govt mulls tax treaty review with 76 nations - Spl fund soon to rehabilitate overseas job losers - Uncertainties in new tax code may hit fund inflows: Deloitte Days before leaving for the Copenhagen summit which began in the Danish capital today, Environment and Forests Minister Jairam Ramesh said, "Under no circumstances, we will accept any draft which suggests that India"s emissions should peak by 2025, 2030... This is simply not on our agenda." Replying to queries from members in the Rajya Sabha, he said India would not accept the same level of international scrutiny for the country"s unsupported carbon mitigation action though it can do so for the plans supported by global funding and technology. "Wherever the world supports us in terms of finance and technology, they can come and verify what we are doing. But where you (developed world) are not supporting us... We will not support these actions to international scrutiny," he said. Ramesh, who is blamed by opposition for opening the country"s negotiating cards before going to the summit, said, "We will under no circumstances accept a legally binding emission reduction cut." He had last week announced in the Lok Sabha that India would unilaterally cut carbon intensity level by 20-25 per cent by 2020. His announcement came in for sharp criticism from the BJP and the Left parties.


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