• The market may remain volatile in initial trades on weak Asia after Japan’s economy grew more slowly than estimated, denting confidence in the global economic recovery. US stocks also declined on Tuesday.

• The government does not need to borrow more than planned to fund its additional proposed expenditure, Finance Minister Pranab Mukherjee said on Tuesday. The government said on Tuesday it will seek parliamentary approval to spend an extra Rs 25725-crore ($5.5 billion) for the fiscal year to end-March 2010. The gross additional expenditure would be Rs 30943 crore, of which 5217 crore would be met through savings. The government will spend an extra Rs 3000 crore on fertiliser subsidies and Rs 3460 crore on food subsidies. The government would also spend Rs 800 crore on an equity infusion in state-run carrier Air India.

• Capital inflows into India reflect investor confidence in the economy, the Reserve Bank of India (RBI) governor D Subbarao said on Monday 7 December 2009 at a televised panel discussion, although measures to control them could not be ruled out in case there was a surge in foreign funds that needed to be contained

• Meanwhile, Mumbai based Godrej Properties has opened its initial public offering (IPO) of 9,429,750 equity shares of Rs 10 each for subscription today. Its price band is at Rs 490-530 per share. The issue will close on 11 December 2009.

• The initial public offer (IPO) of JSW Energy, a part of Sajjan Jindal-led JSW Group, was subscribed 1.48 times on the second day of issue on Tuesday. The price band for the IPO is Rs 100 to Rs 115. The issue closes today, 9 December 2009.

• Asian stocks fell on Wednesday, led by finance and mining companies, after Japan’s economy grew more slowly than estimated, denting confidence in the global economic recovery.

• China is experiencing a clear V-shaped economic recovery, Zhu Min, vice-governor of the People’s Bank of China, was cited as saying on Tuesday.

• U.S. stocks fell on Tuesday as 3M Co’s disappointing outlook and a weak sales report from McDonald’s Corp compounded investors’ concerns about the outlook for a global recovery.