ET in 2min 10/7 Sensex-17392 Dn129pts;Nifty-5275 Dn42pts; USD-Rs55.94; Gold-Rs29540; Silver-Rs53280; Crude-$96; 10YGOI-8.15%. -Sensex dips ahead of results, Re near 56/$. -Bankers ask RBI to cut key rates. -Telecom big three likely to report marginally higher growth in Q1. - Monthly outflow fr Gold ETF on profit booking at record Re2.3bn. -S&P cuts tata power outlook to Negative. -Slowdown in India likely to deepen,warns OECD.

Market Updates:
NASDAQ: -5.6
DOWJONES: -36.2
HANGSENG: -44.63
SGX NIFTY: -4.50
FII net: 252.98cr
DII net: -287.65cr

Business Standard

Govt seeks help from Nomura, Citi for new IIP, Wall Street: US stocks slide ahead of corporate earnings season, Spain borrowing rate hits bailout danger zone, Coal India board meeting postponed; likely on July 17, Govt hopeful of meeting $40.5-bn textile export target in FY13, Mahindra launches pick up in South Africa at Rs 149,900, RBI to launch plastic currency on pilot basis in 5 centres, FIIs net buy Rs 253cr, DIIs net sell Rs 288cr, Rupee breaches 56-level, at 56.01/dollar, Brent nears $99 on Norway strike, China data, Gold ETFs hit hard at Rs 30k investors book profits, Direct tax collections rise 47% in Apr-Jun, IDFC sells part of holding in NSE

Business Line - Mint

S&P upgrades Tata Motors on improved cash flow, ‘Metal, textile & electronics major contributors of NPA property in 2011-12’, JSW rejects Credit Suisse research report observations, Sugar may gain more after topping Rs 3,000/quintal, Coal India can raise output if it gets green approvals, SAIL to ink pact with Kobe Steel today...