Business

August 29, 2013 4:49 PM

Gold plunges Rs 1,575

Gold plunged 1,575 rupees, to 32,325 rupees per ten gram at Delhi's bullion market, today, on profit-booking by stockists, driven by a recovery in the rupee, and a weak global trend. Silver tumbled 2,790 rupees, to 55,710 rupees per kilo, on poor off take by industrial users and coin-makers...

August 29, 2013 4:25 PM

Sensex surges 405 points to close at 18,401

The Sensex at the Bombay Stock Exchange surged 405 points, or 2.3 percent, to close well above the 18,000-mark, at 18,401, today, as the rupee strengthened against the dollar, and as global markets gained ground. The Nifty at the National Stock Exchange spurted 124 points, or 2.4 percent, to 5,409. ...

August 29, 2013 1:48 PM

Sensex surges over 340 points in afternoon trade<br/>

Building on initial gains, the Sensex at the Bombay Stock Exchange had surged 348 points, or 1.9 percent, to 18,344 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had advanced 179 points, or 1 per cent, to 18,175, amid a sharp recovery in the rupee against the dollar, and ...

August 29, 2013 1:02 PM

Rupee trims initial gains; still quoting higher at 67.60 vs Dollar

The rupee trimmed its initial gains against the US Dollar, but was still quoted higher by 120 paise to 67 rupees 60 paise per dollar in the late morning trade on selling of dollars by banks and exporters. The battered rupee recovered after the RBI yesterday said it has started a facility to meet the...

August 29, 2013 11:58 AM

Sensex gains 283 points in late morning trade

Sensex at the Bombay Stock Exchange gained 283 points in late morning deals to trade at 18,279 as the rupee recovered against the dollar. Earlier, the 30 share index jumped over 179 points to 18,175 in opening trade. The wide based National Stock Exchange Nifty also moved up by 78 points to 5363.

August 29, 2013 11:06 AM

Rupee will correct itself, no need for panic: Govt

The Finance Ministry has said that the rupee will correct itself and there is no need for panic. Talking to reporters in New Delhi yesterday, Economic Affairs Secretary Arvind Mayaram termed the sharp fall in the rupee value as a reflection of irrational sentiment. He said, it is important to stay o...

August 29, 2013 11:02 AM

RBI opens special windows to meet forex requirement of state-owned oil cos

In a bid to check the rupee fall, the Reserve Bank of India, RBI has opened a special window to meet the daily dollar requirements of the three state-owned oil marketing companies. These companies need about 8.5 billion dollars every month to meet their daily foreign exchange requirement. In a state...

August 29, 2013 10:41 AM

SEBI issues deadline for registration of investment advisors

Securities and Exchange Board of India, SEBI has directed all investment advisers to get registered with it by October 21 to continue their services. In a statement, SEBI also said that they should comply with the requirement of obtaining a certificate of registration for acting as investment advise...

August 29, 2013 10:28 AM

Rupee recovers, rises 170 paise to 67.10 against Dollar

The rupee today recovered from its all-time low, as it rose 170 paise to 67 rupees 10 paise against the dollarin early trade. The rise was attributed to fresh selling of the US currency by exporters and banks, amid fresh measures announced by the RBI to check free-fall of the currency. The domestic ...

August 29, 2013 10:27 AM

Sensex rises over 179 points; Nifty up 44 in early trade

The BSE benchmark Sensex jumped over 179 points in early trade today to trade at 18,175.Similarly, the wide-based National Stock Exchange index Nifty rose 44 points to 5,329.Brokers said, sentiments turned better after the rupee recovered from its record low after RBI announced fresh measures and a ...

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