Business

January 3, 2013 11:01 AM

Sensex rises for third straight day; up 27pts at 19,741

The BSE benchmark Sensex rose for the third straight day by adding over 27 points to 19,741 in early trade today on sustained buying by funds amid a firm trend in the Asian region. The 30-share barometer had gained nearly 288points in the previous two sessions.Similarly, the wide-based National Stoc...

January 3, 2013 10:52 AM

US financial deal does not address deficit & debt problems :IMF

The International Monetary Fund says U.S. actions to avoid the fiscal cliff did not go far enough to address the country's long-term economic problems including its deficit and overall debt. In a statement yesterday, IMF spokesman Gerry Rice said more remains to be done to put U.S. public f...

January 3, 2013 10:51 AM

Oil prices up in Asia as euphoria over US financial deal fades

Oil prices were down in Asian trade today as the initial euphoria over the fiscal cliff deal in the United States faded. Caution returned to markets, with traders realising tough battles still lie ahead even after the last-minute deal struck by feuding Republican and Democrat lawmakers in the US Con...

January 3, 2013 10:35 AM

Rupee depreciates 10 paise to 54.45 against dollar

The rupee depreciated by 10 paise to 54.45 against the US dollar in early trade today on the Interbank Foreign Exchange due to appreciation of the American currency against the euro and other currencies in overseas markets.Dealers attributed the rupee's fall to dollar gains against the euro...

January 3, 2013 10:34 AM

Senses rises for third straight day; up 27pts at 19,741

The BSE benchmark Sensex rose for the third straight day by adding over 27 points to 19,741 in early trade today on sustained buying by funds amid a firm trend in the Asian region. The 30-share barometer had gained nearly 288points in the previous two sessions.Similarly, the wide-based National Stoc...

January 2, 2013 5:25 PM

Sensex hits 2 yr high, gains 133 pts

Rising in line with climbing global markets, the Sensex at the Bombay Stock Exchange gained 133 points, or 0.7 per cent, to close at a two-year high of 19,714, today. Stocks rose on persistent capital inflows, after the US Congress approved a deal to avert the fiscal cliff. The Nifty at the National...

January 2, 2013 4:46 PM

Sensex hits 2 yr high

Sensex has hit a 2 year high. It shot up by 133 points or 0.68 today to settle at 19,714 points, its highest closing since January 6, 2011.The Nifty breached the 6,000 for the first time since January 2011 during the session but slipped back to close at 5,993 points, gaining 42 points, or 0.71 per c...

January 2, 2013 1:48 PM

Moderate demand for gold, CAD a matter of concern: Fin Min to people

Finance Minister P Chidambaram has appealed to the people to moderate the demand for gold which is a huge drain on government's current account. Talking to reporters in New Delhi today, Mr Chidambaram said, if the demand for gold continues to surge, the government may have no choice but to ...

January 2, 2013 1:46 PM

Sensex gains over 150pts in noon trade

The Sensex at the Bombay Stock Exchange gained 144 points, or 0.7 per cent to 19,724 in opening trade, this morning, on sustained buying by funds, amid rising Asian bourses. Later, the Sensex remained firm, and stood 150 points, or 0.8 per cent per cent in the green, at 19,731 in afternoon deals, a ...

January 2, 2013 1:11 PM

India's manufacturing sector grew in December: survey

India's manufacturing sector growth has registered a further improvement in December, the month which saw the growth at a fastest pace in the last six months. An HSBC survey has said that output at the manufacturing companies in India rose during December driven by a strong pick up in new o...

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