Sensex ends 38 points up on strong European cues

Recovering from initial losses, the Sensex at the Bombay Stock Exchange closed with a gain of 38 points, or 0.2 percent, at 18,714, on the back of strong European markets on Monday.The Nifty at the National Stock Exchange rose 11 points, or 0.2 percent, to 5,687.Stock markets in Japan, China, Hong K...

Russia invites ONGC to consider buying stake in Magadan 2 field

Russia has invited Oil and Natural Gas Corporation (ONGC) to consider buying a stake in the Magadan 2 field operated by Rosnett in the northern part of the Sea of Okhotsk. The Deputy Energy Minister of Ryussia Yury Sentyurin extended the invitation while speaking to reporters in New Delhi. Mr. Senny...

Sensex gains 36 pts in noon trade

Recovering from initial losses, the Sensex at the Bombay Stock Exchange stood 36 points, or 0.2 per cent in positive territory, at 18,711, in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a loss of 75 points, or 0.4 per cent, at 18,60l, on selling by...

Inflation rises highest level at 7.81% in Sept

Inflation rose to its highest level this fiscal at 7.81 per cent in September as prices of wheat, cereals and diesel soared. Inflation, as measured by the Wholesale Price Index (WPI), was 7.55 per cent in August. In the food articles category, wheat turned expensive by 18.63 per cent, up from 12.85 ...

Sensex trading 55 pts in noon trade

The BSE benchmark Sensex was trading 55 points in red at 18,619 in noon trade. Earlier, the Sensex fell by almost 75 points in opening trade today due to increased selling by participants. The 30-share index, which had lost over 129 points in the previous session, fell by 0.39 per cent to 18,600.The...

Rupee weakens by 25 paise against dollar

The rupee today weakened by 25 paise to 53.06 against the US dollar in early trade, extending previous losses at the Interbank Foreign Exchange due to increased demand for the American currency. The rupee had lost 13 paise to end at 52.81 against the dollar in the previous session on Friday.

Oil falls in Asia on sluggish demand

Oil was down in Asia today after the International Energy Agency (IEA) cut its global crude demand growth forecast for this year and next and data showed rising US stockpiles.New York's main contract, light sweet crude for delivery in November shed 72 cents to over 91 a barrel and Brent Nor...

Sensex down almost 75 pts in opening trade

The BSE benchmark Sensex today fell by almost 75 points in opening trade due to increased selling by participants. The 30-share index, which had lost over 129 points in the previous session, fell by 0.39 per cent to 18,600, led by stocks of auto and banking sectors. Similarly, the wide-based Nationa...

Govt planning to relax rules for oil and gas exploration licenses

Government plans to relax rules for oil and gas exploration licenses in time for the next bidding to attract global companies. Oil Minister S. Jaipal Reddy said in New Delhi that a more investor friendly regime both investment and from point of view of pricing will be put in place. Mr. Reddy said th...

India is expected to see a substantial jump in the number of millionaires in the next five years.According to a Credit Suisse Research Institute's Global Wealth Report, the number of millionaires in the country in 2012 stands at 158,000, which is likely to swell to 242,000 by the year 2017,...