Indian Market Roundup on may 16, 2011

Taj Mahal, Agra, India.                                                    
  1. Asian markets slump in trades Sensex down by 186.25 pointsand Nifty down by 45.75
  2. JSW Steel Q4 net up 30% at Rs 7930 million
  3. Indian Govt mulls waiving Rs 5500 million loans to ailing PSU
  4. Indian April inflation up 8.66% year on year 
  5. RBI may again raise rates in June