Sensex gains 76 points in noon trade

Recovering from initial losses, the Sensex at the Bombay Stock Exchange rose 76 points, or 0.4 percent, to 20,604 in afternoon trade a short while ago. But earlier, in morning trade, the Sensex had fallen 31 points, or 0.1 per cent, to 20,498 on profit-booking by investors. The Sensex had gained 633...

Sensex gains over 84 points in noon trade

Regaining lost grounds, the BSE Sensex recovered by over 84 points in the late morning trade due to fresh buying mainly in IT, Teck, Banking and Capital Goods counters on persistent capital inflows from foreign funds. Sensex fell by 31 points to 20,498 in early trade. It had surged 256 points to clo...

Rupee down 17 paise against dollar

The rupee lost 17 paise to 61.24 against the dollar in the late morning trade on good demand for the US currency from banks and importers on the back of higher greenback overseas. The rupee resumed lower at 61.15 per dollar as againstthe last weekend's level of 61.07 at the Interbank Foreig...

Oil prices lower in Asian trade

Oil prices edged lower in Asian trade today as the United States faces a potentially devastating sovereign debt default after senators failed to end a budget impasse.New York's main contract, West Texas Intermediate for delivery in November was down 26 cents to 101.76 dollars. Brent North S...

Sensex falls by 31 points in early trade

Sensex fell by 31 pointsto 20,498 in early trade. It had surged 256 points to close 20,529 on Friday.

Rupee down 15 paise against dollar

The rupee lost 15 paise to 61.22 against the US dollar in early trade today on the Interbank Foreign Exchange market due to fresh demand for the US currency from importers. The rupee had gained 32 paise to close at a fresh two-month high of 61.07 against the dollar in the previous session

World Bank warning over US shutdown

The World Bank has warned of grave consequences for the global economy, if politicians in the United States failed to increase the government's borrowing limit. US officials have said that the treasury will start or run short of funds on Thursday, unless Congress allows it to borrow more in...

Obama: Need to avoid economic consequences of not meeting country's commitments<br/>

US President Barack Obama says, there is need to avoid the economic consequences of not meeting the country&apos;s commitments. This was one agreement reached in his meetings with Congressional members this week about the political stalemate on government funding and borrowing. The President sai...

There is huge opportunity for foreign investment in India: Chidambaram

Finance Minister P Chidambaram has said that there is a huge opportunity for foreign investment in India as the government focuses on rapid infrastructure development in the country. He told newsmen in Washington that the total investment requirements for power, roads, ports and civil aviation durin...

India will be top export destination for West Asia and North African countries by 2030: HSBC