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F&O OUTLOOK: Nifty may breach 4,941 support
Though the Nifty closed slightly below 5,000 today, the trading volume in the put and call options suggests that bulls will find it difficult to hold on to this level.

Farooq Abdullah lays foundation stone of 60 Mw biomass green energy
Union Minister for New and Renewable Energy Farooq Abdullah and Punjab Chief Minister Parkash Singh Badal laid the foundation stone of the 60 Mw biomass-based Green Energy Power Plant of Lakshmi Energy and Foods Limited (Lakshmi Group) at Khamanon village of Fatehgarh Sahib in Punjab.

News of the day

US markets end marginally lower
The US markets had an unspectacular day of trade. Dow Jones closed at 10,426.30, lower by 11.11 points or 0.11%, Nasdaq ended at 2193.14, weaker by 10.64 points or 0.48%, and S&P shut at 1109.8, down 0.52 points or 0.05%.
Public Relations

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. - Govt rules out bailout, promises to address grievances - 22 lakh Maha govt employees to go on strike from Aug 4 - Pvt carriers still booking tickets for Aug 18 - Pranab to talk to Patel on pvt airlines" strike - Hyundai workers end strike after TN govt"s intervention - Transport strike halts life in Kolkata "We are not going ahead with the strike as the government has accepted most of our demands," Maharashtra State Gazetted Officers Mahasangh general secretary G D Kulthe told PTI after talks with Chief Minister Ashok Chavan here. Representatives of the Mahasangh, Maharashtra State Central Employees Organisation, Zilla Parishad employees association and teachers organisations also attended the meeting. The government has agreed to double the travelling allowance with effect from April 1 next year, Kulthe said. Maternity leave for women employees has also been doubled, from the present 90 days to 180 days, he added.


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