Mumbai: It's been a rough start for the June series as the Nifty shed 80 points to close below 4850 dragged down by rate sensitives, commodity, utilities and technology stocks. A slew of bad economic cues from across the globe didn't help Indian equities either. Reports of monsoon rains over India's mainland will be delayed by about four days also weighed on sentiment. China's official purchasing managers' index fell to...
09:46 AM, Jun 01, 2012
Mumbai: The rupee recovered from a weak open to gain to above 56 to the dollar on Friday, though broader sentiment was weak as the euro fell to a 2-year low, reflecting the worsening euro zone debt crisis and disappointing Chinese manufacturing data. At 9:10 am the partially convertible rupee was at 55.99/01 per dollar, stronger than its 56.08/09 close on Thursday. ...
09:27 AM, Jun 01, 2012
Mumbai: The rupee fell to a record low on Thursday and is headed to its worst month in half a year as global risk aversion deepened, while caution prevailed ahead of economic data that is expected to show a further slowdown in growth. Domestic bond yields also retreated, while stocks fell, on the last day of a rough month for Indian markets, as the weak sentiment from the euro zone...
09:21 AM, May 31, 2012
Bangalore: India's annual economic growth probably held steady in the January-March quarter at 6.1 per cent and the global economic slowdown, government policy paralysis and a record low currency suggest little chance of a pick up in the current quarter. A poll of 31 economists produced a median forecast of 6.1 per cent, unchanged from the growth of the October-December quarter. Forecasts ranged from 5.5 per cent to 7.3 per...
08:31 AM, May 31, 2012
Mumbai: The Indian market ended Wednesday' trade on a pessimist note as traders chose to sit on the sidelines ahead of the F&O expiry and Q4 GDP numbers slated for a release on Thursday. European markets slipped too after euro fell to its record low in 23 months as investors worried over Spain's banking problems. After more credit ratings downgrades of Spain and news of European Central bank rejecting Spains...
09:39 AM, May 30, 2012
Mumbai: Rupee was at day's low of 56.20 from 55.67/68 last close as traders continue to play on euro weakness, stock losses. Dealer with private bank says rupee may move toward life low of 56.40 in session, but unlikely to breach. The RBI has not been spotted in recent sessions, with traders saying the fall in rupee over past two sessions has been orderly, with exporter selling also seen. BSE...
09:26 AM, May 30, 2012
Mumbai: It was a dull session for the markets as investors chose to remain cautious ahead of the upcoming F&O expiry and Q4 GDP data numbers on Thursday. The Sensex shuts shop at 16438.58 up 21.74 points or 0.13 per cent and the Nifty closed at 4990.10 up 4.45 points or 0.09 per cent. The breadth of the market was positive. About 1425 shares advanced, 1255 shares declined, and 743...
09:13 AM, May 29, 2012
Moody's Investors Service says the depreciating rupee will only have a "limited" impact on India's sovereign ratings, as only 7 per cent of total government debt is placed overseas, comprising 5 pct of gross domestic product. The bigger pain would come in the private sector, Moody's said in a weekly credit report out on Monday, given that a falling rupee will raise the cost of paying back foreign currency borrowings....
03:04 AM, May 29, 2012
Mumbai: The rupee depreciated by 27 paise to Rs 55.92 against the American currency in early trade on Friday on stronger dollar against euro and Asian currencies. Forex dealers said besides dollar's gains in the overseas markets on persistent eurozone worries, a weak opening in the stock market also put pressure on the local unit. However, the Reserve Bank's indication that it may sell dollars directly to oil companies capped...
10:45 AM, May 25, 2012
Mumbai: The BSE Sensex and NSE Nifty closed flat on Friday after a sharply rally the day before on hopes of diesel price hike. Recovery in rupee and strength in European markets helped markets recoup losses in second half of trade. The BSE benchmark fell 4.48 points, to close at 16,217.82 after a swing of 155 points between intraday high and low. Shares of SBI, L&T, and metal stocks helped...
09:41 AM, May 25, 2012
Mumbai: The rupee posted its first gain against the dollar in four sessions on Thursday, recovering from a new record low earlier in the session, after the Reserve Bank of India (RBI) governor did not rule out selling dollars directly to oil importers. Making dollars available for oil companies would remove a sizeable source of demand for the greenback from the market, and help support the rupee, which has hit...
07:26 PM, May 24, 2012
New Delhi: The rupee continued downward slide to new lows and touches 56.38 against the dollar on Thursday afternoon. The rupee opened weaker on Thursday and fell to a new record low almost immediately on global risk aversion, with traders waiting for the impact of India's petrol price hike on domestic equities for further direction. Despite steps taken by the Reserve Bank to check the rupee's downward slide, dollar's gains...
11:05 AM, May 24, 2012
Global markets are jittery over concerns that Greece may drop the Euro. ...
09:42 AM, May 24, 2012
Mumbai: The BSE Sensex and NSE Nifty advanced around 1 per cent as the steep hike in petrol prices raised hopes that diesel and LPG prices will also be increased. A government committee headed by Finance Minister Pranab Mukherjee will meet on Friday to discuss raising diesel, liquefied petroleum gas (LPG) and kerosene prices, a finance ministry official said on Thursday. Goldman Sachs says it expects limited hikes of about...
09:36 AM, May 24, 2012
Mumbai: The rupee opened weaker on Thursday and fell to a new record low almost immediately on global risk aversion, with traders waiting for the impact of India's petrol price hike on domestic equities for further direction. At 9:05 am, the partially convertible rupee was at 56.12/13 per dollar, after hitting a record low of 56.24 in initial trade. It had closed Wednesday at 55.9950/56.0050. ...
09:26 AM, May 24, 2012
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