Bangkok: Asia stock markets took a beating on Monday as signs that the US economic recovery might be shifting into reverse sent investors fleeing. A report on US hiring and employment in May pushed stock indexes to their biggest declines of the year on Friday. The Dow Jones industrial average fell 275 points, its biggest one-day decline since November. The dismal report came on the heels of earlier data that...
09:24 AM, Jun 04, 2012
Mumbai: Investors awaiting divine intervention as they saw their wealth erode all through the month of May finally had something to cheer for. India's monsoon rains are likely to hit the southern Kerala coast in two days, a top weather official said on Monday, easing concerns about the onset delay threatening plantings of summer crops such as rice, soybean and cotton in the farm-dependent economy. The positive news helped the...
09:23 AM, Jun 04, 2012
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: After being down in the dumps for the better part of day, Indian equities staged a smart late trade recovery on hopes of a RBI rate cut to revive the sagging economy. Also, gains in European shares aided the recovery. The country's economic growth slumped in the January-March quarter to a nine-year low of 5.3 per cent as the manufacturing sector contracted and a fall in the rupee to...
09:41 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: 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
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 BSE Sensex and NSE Nifty recouped more than half of losses in second half of trade to close 0.5 per cent lower on Wednesday, even after the Indian rupee fell over 1 per cent to hit a record low of 56.18 to the dollar and more than 2 per cent decline in European markets. Recovery in later part of the session may be on hopes that the government...
09:27 AM, May 23, 2012
Mumbai: The BSE Sensex and NSE Nifty showed a nice rebound in late trade on Friday led by outstanding performance by SBI in fourth quarter numbers and sharp recovery in rupee from record low to near previous close. However, the global markets stayed under pressure due to eurozone concerns and weak US data. Short covering helped markets close 0.4 per cent higher on Friday. The BSE benchmark rose 82.27 points...
09:13 AM, May 18, 2012
Rupee dropped to an all-time low 54.56 to the dollar in Thursday's trade. Sources say RBI may step in to arrest the fall. ...
05:03 PM, May 17, 2012
Mumbai: The rupee fell to a new record low against the dollar on Thursday as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows. The rupee was last trading at a record low of 54.5650, breaching its previous all-time low of 54.52 hit just on Wednesday. Local stocks were trading flat after rising as much as 1.3 per cent earlier in the...
04:50 PM, May 17, 2012
Mumbai: The BSE Sensex and NSE Nifty were completely lacklustre in trade after shedding all gains. Endless concerns in Eurozone and rupee near all-time low kept investors away from risky assets. Even the market breadth turned neutral. The BSE Bankex too shed all gains, which was up 1.77 per cent at one point of time today. Top private sector lender ICICI Bank tanked 1.4 per cent and its rival State...
09:13 AM, May 17, 2012
Mumbai: Equities plunged and the rupee hit a fresh record low as markets globally felt the tremors of the political upheaval in Greece. The 30-share Sensex fell to 15,974.60 " its lowest level in four months "before closing at 16030.09, down 298.16 points or 1.83 per cent over the previous close. The Nifty closed at 4,858.25, down 84.55 points or 1.71 per cent after hitting a four-month low of 4,837.05...
09:09 AM, May 16, 2012
New York: Don't let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO. Facebook's chief executive turns 28 on Monday, setting in motion the social network's biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion, making it worth more...
08:01 AM, May 14, 2012
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