"Very pragmatic move from RBI side. The common expectation was at the minimum a 25 basis point's increase. Given however the current actual levels of interest rates, the current state of growth and economy.

UniconDirect, a part of Unicon Financial Intermediaries which is one of the fastest growing financial services company in India today launched a special plan for online commodities trading wherein the customers can subscribe to Unicon ComTrade.

Unicon has taken membership of National Spot Exchange and shall start placing orders from tomorrow. The new process for investor to open an account along with the products available.

Indian equity market dips, Nifty down 81 points and Sensex down 287 points. | Ranbaxy Q3 net profit up at `308 cr & MMTC Q2 net profit down at `40.7 cr. | European markets were down 0.25% - 0.50% while Dow future was down 7 pts. |