Sensex gains 422 points in late morning deals

The BSE benchmark Sensex recovered 422 points to 18,989 in late morning deals . Earlier, the 30-share barometer soared by 488 points in the opening session.Similarly, the wide-based National Stock Exchange index Nifty moved up by 145 points to 5,593.

Rupee strengthens to 65.69 vs Dollar

The rupee today strengthened by hefty 138 paise to trade at 65.69 against the dollar at the Interbank Foreign Exchange market after fresh measures by the RBI to stem the currency's slide.The rupee had settled at 67.07 against the dollar yesterday, up by 56 paise over the previous day&ap...

Sensex up by 488 points, Rupee strengthens to 65.69 vs Dollar on RBI measures

The BSE benchmark Sensex today soaredby 488 points in opening trade. The 30-share index gained 2.19 per cent, to trade at 19,055. with all sectoral indices trading in the positive zone rising up to 7.53 per cent. Banking, realty, capital goods and consumer durables stocks were leading gainers.The wi...

New RBI Governor announces steps to strengthen monetary policy

New RBI Governor Raghuram Rajan has announced the setting up of few committees to look into critical areas of functioning, like monetary policy and screening of applications for licences to open new bank branches. In his maiden press conference in Mumbai last evening, Rajan announced an external com...

SEBI to adopt global FMI standards to safeguard against systemic risks

To safeguard investors as well as the market from systemic risks emanating from Financial Market Infrastructures, SEBI has decided to adopt 24 standard global principles for such institutions. These principles will apply to all clearing corporations and depositories present in the Indian securities ...

New RBI Governor announces steps to strengthen monetary policy & to open banks

New RBI Governor Raghuram Rajan has announced the setting up of few committees to look into critical areas of functioning, like monetary policy and screening of applications for licences to open new bank branches. In his maiden press conference in Mumbai last evening, Rajan announced an external com...

India rejects credit agency caution of economy downgrade

$ 6.7bn IMF aid for Pakistan to avert financial crisis

The International Monetary Fund, IMF has approved a 6.7 billion dollar loan package, aimed at helping Pakistan to avert a financial crisis. The government has had to agree to combat widespread tax evasion. The loan will be paid out over three years, beginning with the release of 540 million dollar.

Rupee weakens by 19 paise to 67.82 vs Dollar

Rupee trimmed initial losses against the US dollar but was still quoted lower by 19 paise to 67 rupees 82 paise in deals on dollar demand from banks and importers. The rupee resumed lower at 68.10 rupees per dollar against the last closing level of 67.63 rupees and dropped further to a low of 68.62 ...

Sensex up 333 points to close at 18,568

The Sensex at the Bombay Stock Exchange surged 333 points, or 1.8 percent, to close at 18,568, on wednesday, on value-buying in blue-chips, amid a recovery in the rupee. The Nifty at the National Stock Exchange jumped 107 points, or 2 percent, to 5,448Stock markets in Japan, China, Hong Kong, South ...