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Resistance seen above 5,100 level
The Nifty formed another Doji pattern today after moving in a narrow band of 50 points, indicating indecisiveness among participants ahead of Christmas holidays in US and European markets. The index closed below its crucial trendline support level of 5,050, while maintaining its 50-day daily moving average (DMA) support at 5,000.

Few takers for govt offer on H1N1 vaccine trials
The central government’s invitation to global pharmaceutical companies to conduct clinical trials here of their H1N1 (swine flu) vaccine candidates has evoked only a limited response. Only two companies, Novartis and GlaxoSmithKline, have come forward to seek regulatory approval for such trials in India, it is learnt.

News of the day

Mexico wants binding climate accord at 2010 summit
Mexico will push for a binding international agreement to cut greenhouse gas emissions when it hosts the next climate change summit in Mexico City in the coming year.
International Business

Firstsource Solutions says no plans to list in US

Clarifying on the reports that Firstsource Solutions is planning to list in the US, the company said that it has "no immediate plans" to do so. - Firstsource signs Rs 145 cr deal with Idea Cellular - Firstsource Q4 net zooms 265% at Rs 47 cr - Firstsource buys back $2 million FCCB - Firstsource rejigs mgmt, creates four verticals In a statement to Bombay Stock Exchange(BSE), the company said that it had thought about the listing at some point from both brand and visibility and another source of capital perspective. "However we do not have any immediate plans," said Ananda Mukherji, MD and CEO of Firstsource Solutions. Firstsource, a leading global BPO, is already listed on National Stock Exchange and BSE.


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