Business

April 17, 2013 5:24 PM

Sensex dips 14 points; closes at 18,731

Snapping two days of gains, the Sensex at the Bombay Stock Exchange declined 14 points, or 0.1 percent, to close at 18,731, amid falling European markets, on Wednesday. The Nifty at the National Stock Exchange ended unchanged, at 5,689.Stock markets in Japan, China, Hong Kong, South Korea and Singap...

April 17, 2013 1:56 PM

Sensex rules flat in volatile afternoon trade

Giving up most of its initial gains, the Sensex at the Bombay Stock Exchange stood just 4 points in positive territory, at 18,749, in volatile afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had opened with a gain of 80 points, or 0.4 per cent, at 18,825, after some e...

April 17, 2013 1:03 PM

Sensex maintains upward trend;up 107 points in afternoon trade

Maintaining its upward trend,the Sensex at the Bombay Stock Exchange was trading 107 points in the positive territory at 18,852 in afternoon trade, when reports last came in. The 30-share index, which had gained over 500 points in the previous two sessions, rose by 80 points in early trade today.The...

April 17, 2013 11:48 AM

Rupee trims initial gains,yet quotes higher at 54 to dollar

The rupee trimmed its initial gains, but was still quoted higher by 14 paise, to 54 rupees against the dollar in the late morning trade today, on the back of sustained selling of dollars by banks and exporters, in view of weakness of dollar in overseas market. The local currency had gained 48 paise ...

April 17, 2013 11:30 AM

Falling gold & crude prices will favourably impact CAD: Montek

Planning Commission deputy chairman Montek Singh Ahluwalia says, declining gold and crude oil prices will have a favourable impact on the country's macro-economic parameters especially the current account deficit.This deficit rose to all-time high level of 6.7 per cent for the quarter ended...

April 17, 2013 11:17 AM

Oil rebounds in Asia trade on higher US production figures

Oil rebounded in Asian trade today following better-than-expected industrial production figures from the United States. New York's main contract, light sweet crude for delivery in May, gained 16 cents to 88.88 dollar a barrel, while Brent North Sea crude climbed back above the 100 dollar ma...

April 17, 2013 11:05 AM

Rupee at one-month high of 53.90 against dollar

The rupee today gained 24 paise to trade at fresh one-month high of 53.90 in early trade at the Interbank Foreign Exchange market on dollar selling by exporters and increased capital inflows.The local currency had gained 48 paise to close at a one-month high level of 54.14 yesterday against the US c...

April 17, 2013 10:37 AM

Sensex gains 80 points in early trade

The Sensex at the Bombay Stock Exchange today rose by 80 points in early trade, extending an upward streak for the third straight session, after Reliance Industries and HCL Technologies posted encouraging fourth quarter earnings.The 30-share index, which had gained over 502 points in the previous tw...

April 16, 2013 7:41 PM

India likely to grow by 5.7 per cent in 2013: World Economic Outlook

Indian economy is projected to grow by 5.7 percent in 2013 and 6.2 percent in the next year as against world output growth of 3.25 percent and 4 percent respectively during the period under review, says the World Economic Outlook report.Global prospects have improved again but the road to recovery i...

April 16, 2013 6:05 PM

Sensex surges 387 points on rate cut hopes

Rising for the second straight session, the Sensex at the Bombay Stock Exchange shot up 387 points, or 2.1 percent- its biggest single-day gain in seven months to close at 18,745, today. The Sensex rose on hopes of aggressive rate cuts by the Reserve Bank, and amid falling gold and global crude oil ...

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