Mumbai: The rupee rose by 5 paise to 55.23 against the dollar in early trade on the Interbank Foreign Exchange on Monday as the American currency weakened against other currencies overseas.
Besides, dollar selling by banks and exporters along with a higher opening in the domestic equity market on foreign funds inflows also supported the rupee, traders said.
The rupee had ended marginally down by 1 paise at 55.28 against the US dollar in the previous session on Friday.
Meanwhile, the BSE benchmark index Sensex recovered by 21.84 points, or 0.12 per cent, to 17,579.58 in early trade today....
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10:20 AM, Aug 13, 2012
Mumbai: Equity benchmarks closed flat on Wednesday after a day of 195 points rally on the Sensex on anticipation of rate cut hopes. The market is keenly waiting for inflation data for May that will be announced tomorrow; analysts on average expect around 7-7.5 per cent. Inflation after a flat industrial output for April will be key factors for the Reserve Bank of India while taking decision on monetary easing....
09:00 AM, Jun 13, 2012
New York: Speculation that governments in the US and Europe will act to help their economies sent stocks surging to their best day this year. Atlanta Federal Reserve President Dennis Lockhart said in a speech that weak job growth over the past two months highlighted the "halting and tenuous" recovery. If the trend continues, "further monetary actions to support the recovery will certainly need to be considered," he said. At...
09:20 AM, Jun 07, 2012
Mumbai: The 50-share NSE Nifty rose 0.5 per cent after a recovery in Asian markets on Wednesday. Oil & gas, FMCG, Anil Dhirubhai Ambani Group stock, select technology and financial stocks led the support. The BSE Sensex gained 86 points at 17,567 and the NSE Nifty jumped 26 points to 5,283.65. Despite market's poor performance in the past two days, Portfolio Manager on Wednesday, G-20 meet at Cannes on November...
09:32 AM, Nov 02, 2011
Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues. The 30-share barometer advanced by 156.77 points to close at 16,498.47 points. The index initially touched the day's low of 16,213.18. The broad-based National Stock Exchange index Nifty closed higher by 50.10 points at 4,948.90 after touching a...
09:21 AM, Aug 23, 2011
Sydney: The President of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of US government debt, the Financial Times reported. Citing people familiar with the matter, the FT said Sharma would be replaced by Douglas Peterson, chief operating officer of Citibank, the banking unit of Citigroup. The report said sources said Sharma's departure was unrelated to the downgrade...
08:28 AM, Aug 23, 2011
New Delhi: The Indian stock markets have been affected by the US market sentiments in the short term, even though the country's economy is robust and its growth story is intact, Finance Minister Pranab Mukherjee said in a statement released after market hours on Friday. Indian shares fell nearly 2 per cent on Friday to log their fourth straight weekly loss, their longest weekly losing streak since the Lehman collapse,...
09:58 PM, Aug 19, 2011
New York: The S&P 500 and Nasdaq rose more than 4 per cent in afternoon trading on Thursday while the Dow added to gains, with energy and financial services companies among the strongest sectors. Solid results from Cisco and mildly encouraging US jobs data helped stocks recover from recent steep losses. The Dow Jones industrial average was up 393.02 points, or 3.67 per cent, at 11,112.96. The Standard & Poor's...
12:04 AM, Aug 12, 2011
New York: US stocks fell sharply on Wednesday, wiping out most of the previous session's gains, on fears of tumult in the French banking sector, which has significant exposure to shaky European debt. US financial stocks led the decline on worries that any French bank problems could spread to them. The KBW bank index slid 6 per cent. Large financial institutions' shares sank, including Bank of America Corp, down 7.2...
07:50 PM, Aug 10, 2011
Mumbai: The BSE benchmark snapped a five-day losing streak, on Wednesday, rallying 1.6 per cent following strong global cues, which included the US Federal Reserves pledge to keep interest rates near zero for two more years. However, a volatile European market and fragile US index futures kept investors on the edge of their seats in the last hour of trade. European markets like France's CAC, Germany's DAX and Britain's FTSE,...
09:18 AM, Aug 10, 2011
Washington: The Federal Reserve on Tuesday said it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that faced considerable internal dissent. It was unclear whether the decision, which involved no new commitment of funds for bond purchases, would be enough to put a floor on a US stock market that has fallen more than...
12:03 AM, Aug 10, 2011
New York: Stocks pared gains and the Dow and S&P 500 briefly turned negative on Tuesday in volatile trading after the US Federal Reserve said the economy had weakened. The Dow Jones industrial average was up 60.43 points, or 0.56 per cent, at 10,870.28. The Standard & Poor's 500 Index was up 14.82 points, or 1.32 per cent, at 1,134.28. The Nasdaq Composite Index was up 51.58 points, or 2.19...
07:25 PM, Aug 09, 2011
President Barack Obama essentially dismissed the first-ever downgrade of the US credit rating. ...
08:00 AM, Aug 09, 2011
The European market surprisingly opened up after ECB decided to buy the bonds of Italy and Spain. ...
07:47 PM, Aug 08, 2011
Washington: Issuing a fresh warning, Standard and Poor's on Sunday said that there is one-third chance of further downgrading of US's sovereign credit rating, two days after it downgraded it from AAA to AA+, sending shock waves across the country. Giving a bleak future of America's credit rating, a top official of S&P said, "We have a negative outlook,...Which... leads to a longer time frame, from 6 months to 24...
07:16 AM, Aug 08, 2011
Washington: Better. The job market beat expectations, and the stock market managed a modest gain - not great, but good enough after a turbulent week. The nation added 117,000 jobs in July, the government said on Friday - far from what happens in a healthy economy, and only good for a reduction of one notch in the unemployment rate, to 9.1 per cent. But the jobs number beat the forecast...
12:26 PM, Aug 06, 2011
The Wall Street crash has triggered a lot of talk about debt ceilings, jobs and the economy. ...
08:07 AM, Aug 06, 2011
New Delhi: With fears of the world heading towards another financial crisis written all over global markets, the Indian market is not likely to be any safe from the carnage. However, in an interview with CNBC-TV18, portfolio manager, PN Vijay says that Friday maybe the 'last tough day' for investors. "I see some resolution, going forward from Fridays mayhem," he says. Vijay further says that right now no one is...
03:16 PM, Aug 05, 2011
Wall Street is reeling after suffering its single worst day since the 2008 financial crisis. The Dow alone plummeted more than 500 points on Thursday. ...
09:31 AM, Aug 05, 2011
New York: A scary drop in stocks and commodities threatens to squeeze life out of an already faltering US economy, with deal-making, investment in plants and equipment, and capital raising at risk of slowing down or freezing up. This will likely further damage consumer confidence, already jarred by the toxic battle in Congress over the government's debt ceiling and by high unemployment, and feed fears another recession is just around...
09:09 AM, Aug 05, 2011
