Mumbai: Falling for the fifth straight day, the Bombay Stock Exchange benchmark Sensex on Thursday closed 126 points down on sustained selling by investors ahead of wholesale inflation data amid a weakening trend in the European region. Extending its previous four sessions loss of 132 points, the gauge dropped 0.65 per cent to close at 19,229.26 points. The 30-share index touched the day's high of 19,421.72. Similarly, the broad-based 50-stock...
09:31 AM, Dec 13, 2012
Mumbai: Key equity benchmarks ended trade directionless on Wednesday, despite a better-than-expected October IIP number. The Sensex closed the session down 31.88 points or 0.16 per cent at 19355.26, while the Nifty ended 18.00 points or 0.31 per cent down at 5880.80. Aided by smart recovery in manufacturing growth, factory output grew 8.2 per cent in October compared with the 5 per cent contraction recorded in the same month last...
09:25 AM, Dec 12, 2012
Washington: Pakistan's nuclear stock pile is likely to grow in the coming years, as its programme unlike that of India is controlled by military leaders who consider this as both a political and military instrument, a noted American analyst has said. Michael Krepon argues that it will be hard to dampen the growth of Pakistan's considerable and growing nuclear arsenal because few individuals make these decisions and most Pakistanis view...
10:32 AM, Dec 11, 2012
Mumbai: After rising over 200 points, the BSE benchmark Sensex on crumbled under profit booking pressure to close 22 points down, extending losses for the third straight day, amid gloomy export data for November. The Sensex, which had lost 77 points in last two sessions, went up by 202 points in initial trades to touch a 23-month high of 19612.18 on solid buying. However, markets wilted after data showed country's...
09:25 AM, Dec 11, 2012
New York: A server in a US restaurant has been suspended after referring to three women customers as "fat girls" on their bill. Christine Duran, Christina Huerta and Isabel Robles say their enjoyable meal at Chilly D's Sports Lounge in Stockton, California ended painfully when the waiter plopped down the offensive receipt on their table. "I got the bill, and I was like 'Why does the receipt say 'fat girls'?'"...
04:54 PM, Dec 10, 2012
Mumbai: The Sensex recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks on hopes that legislation on banking sector reforms would be passed during the current session of Parliament. Earlier in the day, Indian equity benchmarks fell marginally amid choppy trade, following a decline in European markets. Punjab National Bank rose 2.35 per cent, Bank of India gained 4.3 per...
09:42 AM, Dec 10, 2012
Mumbai: Equity benchmarks BSE Sensex and Nifty were trading in the red after the vote on Foreign Direct Investment or FDI in multi-brand retail in Rajya Sabha on Friday. The UPA government won the vote on FDI by getting 116 votes in its favour. While the UPA got the support of 116 MPs, 95 MPs voted against it and one abstained from voting. Despite the current lacklustre mood, optimish abound....
09:38 AM, Dec 07, 2012
Mumbai: In line with the stock market, the Indian rupee failed to maintain initial gains against the American currency and was quoted at 54.53 per dollar on fresh dollar demand from banks on the back of firm dollar overseas. The rupee resumed lower at 54.38 per dollar as against the last closing level of 54.54 per dollar at the Interbank Foreign Exchange (Foerx) Market in view of persistent capital inflows...
09:56 AM, Dec 06, 2012
Mumbai: In volatile trade, the BSE benchmark Sensex on Thursday wiped out early losses to close with a 95-point gain on late buying amid BSP throwing its weight behind the UPA government on FDI issue in Rajya Sabha. After dipping to 19,186.24 intra-day on profit-booking, the Sensex rebounded to end higher by 94.94 points, or 0.49 per cent to 19,486.80 on good buying support in Tata Motors, Sterlite, Bajaj Auto,...
09:32 AM, Dec 06, 2012
New York: Social networking giant Facebook Inc is all set to replace Indian software major Infosys Ltd to become a part of the Nasdaq 100 index from December 12. According to Nasdaq, "Facebook Inc will become a component of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Technology Sector Index prior to market open on Wednesday, December 12, 2012". Facebook will replace Infosys Ltd on the index....
12:20 PM, Dec 05, 2012
Mumbai: The Indian rupee surrendered its initial gains against the dollar, but was still quoted higher by 12 paise to 54.56 per dollar in the late morning trade on mild selling of dollars by banks and exporters on the back of lower dollar in overseas. Persistent capital inflows from foreign funds into equity market also boosted the rupee value against the dollar, forex dealers said. The rupee resumed higher at...
09:44 AM, Dec 05, 2012
Mumbai: The BSE benchmark Sensex on Wednesday closed 44 points higher on buying support on optimism that the government would succeed in getting Parliament approval to its decision to allow foreign investment in retail. Led by Reliance Industries, the Sensex settled the day at 19,391.86, higher by 43.74 points, or 0.23 per cent. The broad-based National Stock Exchange index Nifty regained a crucial 5,900 level by rising 11,25 points, or...
09:32 AM, Dec 05, 2012
Mumbai: Shares of Jet Airways on Tuesday surged seven per cent to touch its one-year high level in morning trade amid reports of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale. Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the BSE. At NSE, the scrip soared 7 per...
12:37 PM, Dec 04, 2012
Mumbai: The Indian rupee trimmed its earlier losses against the American currency, but was quoted still lower by six paise to 54.83 per dollar on mild dollar demand from banks and importers despite weak dollar overseas. The rupee resumed slightly lower at 54.78 per dollar as against Monday's closing level of 54.77 per dollar at the Interbank Foreign Exchange (Forex) Market and declined further to 54.94 per dollar before quoting...
10:20 AM, Dec 04, 2012
Mumbai: The BSE benchmark Sensex on Tuesday closed 43 points higher on the back of buying in Tata Power, RIL and SBI amid a firming European trend. The Sensex, which moved between 19,373.94 and 19,263.71, closed higher by 42.80 points, or 0.22 per cent to 19,348.12. The broad-based National Stock Exchange index Nifty edged up by 18.30 points, or 0.31 per cent to 5,889.25. Brokers said investors bought RIL shares...
09:29 AM, Dec 04, 2012
Mumbai: The BSE Sensex and Nifty fell on Monday, retreating from 19-month highs, as recent outperformers such as HDFC Bank were hit by profit-taking on worries over Parliament's impending vote on foreign direct investment in multi-brand retail. However, shares in organised retailers such as Pantaloon Retail India Ltd rose on speculation over the outcome of Tuesday's vote. Dealers say the probability of a December rally will increase if the vote...
09:42 AM, Dec 03, 2012
Mumbai: The BSE Sensex surged on Thursday to close at its highest in 19 months after the government agreed to a vote in parliament on allowing foreign entry in multi-brand retail, raising hopes that key reforms will pass through. Shares were further boosted after Goldman Sachs upgraded Indian stocks to 'overweight' from 'market-weight', citing growth recovery and inflation moderation ahead. The investment bank pegged the December 2013 Nifty target at...
09:21 AM, Nov 29, 2012
New Delhi: The Economic Offences Wing (EOW) of the Delhi Police, which is investigating into the multi-crore Stock Guru scam, has recovered assets worth Rs 20 crore after conducting raids in Mumbai and Ratnagiri. The EOW team has seized 750 yards of industrial land registered in Ulhas Prabhakar Khare's name along with seven red-beacon cars with fake registration. They have also seized 48 high-end mobile phones, spy cam watches, 18...
04:55 PM, Nov 27, 2012
Houston: Shares of social networking giant Facebook jumped by more than 8 per cent to close at nearly $26 per share on Monday - the highest price the stock has seen since the summer - on news of multiple analyst upgrades. Facebook shares rose $1.94 to close at $25.94 per share. The movement marks the latest potential for Facebook to emerge as a steady-growing business in the wake of a...
11:43 AM, Nov 27, 2012
Mumbai: The Sensex posted its biggest daily gain in more than two months as investor sentiment turned positive on growing hopes the government would push through reforms to stimulate growth and avoid a ratings downgrade. Expectations for higher returns in December also boosted sentiment for shares. The market also tracked global peers, which rose on new debt targets for Greece and a political agreement on disbursing the next instalment of...
09:32 AM, Nov 27, 2012
