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It was another good day as the market closed at the high point of the day. Good global cues saw a smart pullback rally today. Sensex closed at 8943.54, up 186.93 points (provisional) and Nifty at 2777.25, up 58 points (provisional) from the previous close. The market breadth was positive with advances at 882 against declines of 326 on the NSE.

Taking a cue from the global markets, the domestic markets snapped their three-week losing streak on Friday and ended the week on a positive note with a 412-point rise. The 30-share benchmark index Sensex closed the week with a gain of 1.73 per cent, at 8,756.61 compared with 8,607 last Friday. "Friday's 412-point rise was basically due to the stability in the global markets. The US markets have been on the rise for the last three consecutive days and the Asian markets too were up this morning.

Asia , Europe and America all market seen in green label. hansang gain up to 450 point plus today. that’s good effect for Indian market and Indian market gain up to 2.13% plus. At the market open positive but at the hour of opening market goes to minus but good recovery after 12 pm.

Two crucial numbers were released during the week: IIP data and inflation figures. The Index for Industrial Production for January fell 0.5 per cent year-on-year. Inflation, on the other hand, hit a seven-year low at 2.43 per cent for the week ending February 28. According to Jasani, "Both these numbers are along expected lines. Inflation is expected to fall further."

The United States' recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview.

In carefully hedged remarks in a taped interview with CBS' "60 Minutes," Bernanke seemed to express a bit more optimism that this could be done.

'I do think that we will get it stabilized, and we'll see the recession coming to an end probably this year,' he told news programme 60 Minutes. 'We'll see recovery beginning next year. And it will pick up steam over time.'

The decline 'will begin to moderate and we'll begin to see leveling off. We won't be back to full employment. But we will see, I hope, the end of these declines that have been so strong in a last couple of quarters,' he said.

The biggest risk to recovery remains a lack of political will to attack the problem, Bernanke said in what was the first television interview with a central bank chief in decades.

Bernanke said he believes all the big banks the Fed regulates are solvent. Big banks won't fail under his watch, Bernanke said -- though, if necessary, the government should try to "wind it down in a safe way."

Job market is very cold for students with a degree in Finance or IT, booming with multiple job opportunities for students of metallurgy and aeronautical engineering, traditionally the least preferred branches of study.

Hero Honda has recruited two students from the Metallurgy department of the Punjab Engineering College (PEC), with the highest pay package offered standing at Rs 4.7 lacks per annum.

The Defense Research and Development Organization (DRDO) has also offered an annual package of Rs 4.5 lacks for students pursuing aeronautical engineering.

Students of both these departments are a happy lot as they are much better off than their counterparts from other branches. Not only are they getting good pay packages but many also have two jobs in hand to choose from.

Professor K K Garg, Training and Placement Officer at PEC said: “Gone are the days when branches like metallurgy were the least preferred option. Students have now started opting for them and are getting positive responses.”

“We have received a positive response for both the branches and are expecting the same in future as well,” he added.

Out of the nineteen students in the Metallurgy department, six have two job offers in hand to choose from.”

A positive trend is also that girls have begun showing interest in the stream. There are eight girls in the Metallurgy department, while four are pursuing aeronautical engineering out of a total of 19 in the class. Experts claim that with the country making rapid progress, there are several new opportunities in steel-related industries, which have great scope.

Forbes Release World’s richest people of year 2009.Last year there were 1,125 billionaires. This year there are just 793 people richest in Forbes’s list. That list 30% decline from a year ago.

Of the 1,125 billionaires who made last year's ranking, 373 fell off the list--355 from declining fortunes and 18 who died. There are 38 newcomers, plus three moguls who returned to the list after regaining their 10-figure fortunes. It is the first time since 2003 that the world has had a net loss in the number of billionaires Reported by Forbes.

The world's richest are also a lot poorer. Their collective net worth is $2.4 trillion, down $2 trillion from a year ago. Their average net worth fell 23% to $3 billion. The last time the average was that low was in 2003.

Top Most Billionaires list below :

1. William Gates III
Net Worth: $40 billion
Source: Microsoft/U.S.

2. Warren Buffett
Net Worth: $37 billion
Source: Investments/U.S.

3. Carlos Slim Helú
Net Worth: $35 billion
Source: Telecom/Mexico

4. Lawrence Ellison
Net Worth: $22.5 billion
Source: Oracle/U.S.

5. Ingvar Kamprad
Net Worth: $22 billion
Source: Ikea/Sweden

6. Karl Albrecht
Net Worth: $21.5 billion
Source: Supermarkets/Germany

7. Mukesh Ambani
Net Worth: $19.5 billion
Source: Petrochemicals/India

8. Lakshmi Mittal
Net Worth: $19.3 billion
Source: Steel/India

9. Theo Albrecht
Net Worth: $18.8 billion
Source: Supermarkets/Germany

10. Amancio Ortega
Net Worth: $18.3 billion
Source: Fashion/Spain

The CBI moved a local court here to seek the custody of tainted Satyam Computer founder B Ramalinga Raju and involved four others for questioning in connection with the Rs 7,800-crore accounting scam in the IT Company.

The move from the CBI comes after receiving legal opinion that the agency could question Raju and others. Its prosecution department, citing a Supreme Court ruling, had claimed that it could not seek Raju's custody. The official said an application seeking seven days custody of the five accused, including Raju, was filed by the CBI in the court of XIV Additional Chief Metropolitan Magistrate.

The judge asked the CBI's public prosecutor to serve notices to defence lawyers tomorrow. Besides Ramalinga Raju, the CBI wants to question company's former managing director Rama Raju, ex-CFO Vadlamani Srinivas and sacked partners of PriceWaterhouse S Gopalakrishnan and Talluri Srinivas.

After attack on Sri Lankan cricketers in Pakistan, US President Barack Obama has expressed deep concern about an attack on the Sri Lankan cricket team in Pakistan, saying the country's frontier regions still remain safe havens for Al Qaeda terrorists and his government was reviewing policies towards that region.

'The details are still coming in, and so I don't want to be too specific’, Obama told reporters Tuesday after meeting with British Prime Minister Gordon Brown. 'O bviously we're deeply concerned.'

'The truth is that the situation in Afghanistan has deteriorated, the safe havens for Al Qaeda remain in the frontier regions of Pakistan and we are conducting currently a comprehensive review of our policies,' he said.

Obama said the review looked at US policy toward Afghanistan and Pakistan and coordination with NATO allies and other members of the international security force in Afghanistan.

He would make announcements ahead of the NATO summit in April about 'the direction the United States would like to go,' he said. 'What I'm confident in is that our strongest partner in that effort once again will be the United Kingdom' and Brown.

'We condemn this vicious attack on innocent civilians but also on the positive relations that Pakistan and Sri Lanka are trying to enjoy,' he said. 'This is an attack on peaceful, normal relations, and we utterly condemn this terrorist attack.'

The United States today said the Indo-US relationship is destined to grow stronger under the Obama Administration. "I don't see the US-India relation doing anything but growing and becoming stronger," Gordon Duguid, the State Department's Acting Deputy spokesman, said.

"No matter who the next US Ambassador to India is, the United States and India share many interests," Duguid said. "We began with a strategic dialogue.

We now see India as a strategic partner, as well as an economic partner," he said. "We have a growing amount of cross-trade.

We have a number of issues that we have been able to work together on over the last 10 years or so. And we will continue on that trend, I foresee," he added.

"I see US-India relations becoming stronger, and not negative policies being generated because of our growing contacts," He said when asked if the current US policies on H-1B visas and outsourcing would have an impact on bilateral relationships. It’s all right but the burning question is this “why US help to Pakistan ? ? ?”