Business

September 24, 2013 10:03 AM

Sensex loses 363 points to close below 20K mark

Falling for the second straight on monday, the Sensex at the Bombay Stock Exchange plunged 363 points, or 1.8 percent, to close below the 20,000 mark, at 19,901, on rate hike concers. The Nifty dropped 122 points, or 2 percent, to 5,890.Stock markets in China, Hong Kong, South Korea and Singapore en...

September 24, 2013 10:01 AM

Sensex loses 363 points; Rupee weakens 37 paise against the dollar

Falling for the second straight on monday, the Sensex at the Bombay Stock Exchange plunged 363 points, or 1.8 percent, to close below the 20,000 mark, at 19,901, on rate hike concers. The Nifty dropped 122 points, or 2 percent, to 5,890.Stock markets in China, Hong Kong, South Korea and Singapore en...

September 24, 2013 9:57 AM

Oil falls in Asia on easing concerns about W.Asia supplies

Oil prices fell further in Asian trade today on easing concerns about supplies from the West Asia, but upbeat economic data from Europe and China capped losses.New York's main contract, West Texas Intermediate for delivery in November was down 19 cents at 103.40 US Dollars in mid-morning tr...

September 24, 2013 9:56 AM

RBI announces committee tasked to monitor & deepen financial inclusion<br/>

The Reserve Bank on Monday announced a 13-member Committee to frame a clear and detailed vision for financial inclusion and deepening across the country. The Committee includes former Citibank CEO, Vikram Pandit and Axis Bank chief Shikha Sharma. The Central bank said that the &apos;Committee on...

September 23, 2013 9:22 PM

Sensex loses 363 points; Rupee weakens 37 paise against the dollar

Falling for the second straight day, the Sensex at the Bombay Stock Exchange plunged 363 points, or 1.8 percent, to close below the 20,000 mark, at 19,901, on rate hike concers. The Nifty dropped 122 points, or 2 percent, to 5,890.Stock markets in China, Hong Kong, South Korea and Singapore ended mi...

September 23, 2013 5:20 PM

Sensex plunges 363 points

Falling for the second straight day, the Sensex at the Bombay Stock Exchange plunged 363 points, or 1.8 percent, to close below the 20,000 mark, at 19,901, on selling by investors. The Nifty at the National Stock Exchange dropped 122 points, or 2 percent, to 5,890.Stock markets in China, Hong Kong, ...

September 23, 2013 2:25 PM

RBI raises policy rate by 0.25% to keep inflation under check

RBI Governor Raghuram Rajan on Friday surprised the industry and shocked the stock markets by hiking the short-term policy rate by 0.25 percent to keep worrisome inflation under check, a move that may increase EMIs for home and auto loans in the medium term. Contrary to the expectations of the indus...

September 23, 2013 1:38 PM

Sensex down 341 points in noon trade

Falling for the second straight day today, the Sensex at the Bombay Stock Exchange plunged 341 points, or 1.7 percent, to 19,923, in the afternoon trade, a short while ago. The Nifty at the National Stock Exchange dropped 113 points, or 1.9 percent, to 5,900. In other Asian stock markets, key indice...

September 23, 2013 11:53 AM

Rupee falls by 37 paise to 62.60 per dollar

The Indian Rupee continued to fall against the American currency, declining by 37 paise in the late morning trade to 62.60 per dollar on persistent dollar demand from banks and month-end buying from importers coupled with higher dollar overseas.The rupee resumed lower at 62.55 per dollar as against ...

September 23, 2013 11:45 AM

Sensex down by 241 points in noon trade

The Sensex down by 241 points to 20,022 points in late morning trade today. The fall was attributed to sustained selling by funds and retail investors after an unexpected hike in repo rate by the Reserve Bank last week. The 30-share index fell by 206 points to 20,057 with shares of banking, realty, ...

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