Sensex gains 443 pts to close at 18,464

Inflation rises to 7.55% in August from 6.87% in July this year

Inflation rose to 7.55 per cent in August as prices of potato, wheat and pulses, as well as, manufactured items soared, which may restrain Reserve Bank of India from cutting interest rates at its monetary policy review next week. Inflation as compared by the Wholesale Price Index, was 6.87 per cent ...

Sensex shoots up 418 points to 18,439 in afternoon trade

The Sensex at the Bombay stock Exchange zoomed 406 points, or 2.3 per cent, to 18,428 in early trade, today, on hectic buying by funds and retail investors. Later, the Sensex remained firm, and stood 418 points, or 2.3 percent in the green, at 18,439 in afternoon deals, a short while ago. All the se...

Oil prices rally in Asia

Oil prices rallied in Asia today as traders celebrated a fresh round of quantitative easing announced by the US Federal Reserve.New York's main contract, light sweet crude for delivery in October surged 65 cents to 98.96 dollars a barrel and Brent North Sea crude for November delivery added...

Sensex trading up 360 pts at 18,381 pts

The BSE benchmark Sensex was trading 360 points up at 18,381 points a shortwhile ago. The 30-share barometer surged over 406 points in early trade today. Sensex has gained nearly 710 points in the previous seven sessions.Similarly, the wide-based National Stock Exchange index Nifty was also trading ...

Rupee trading at two-month high of 54.72 against dollar

The rupee gained a hefty 71 paise to trade at two-month high of 54.72 against the dollar in early trade today at the Interbank Foreign Exchange as the American currency weakened against euro overseas. Dollar selling by exporters and banks amid a strong opening in the domestic equity market also supp...

RBI: Central bank focussing on bringing down cash component in economy

RBI has said that the central bank is focussed on bringing down the cash component in the economy. Speaking to reporters in Mumbai on Thursday, RBI Deputy Governor H R Khan said that circulation of a large amount of cash in the economy leads to many problems and hence India should move towards a les...

India's exports decline by 9.7% year-on-year in Aug

India's exports declined by 9.7 per cent year-on-year to 22.3 billion US dollar in the month of August due to the global economic slowdown. Talking to reporters in New Delhi, Commerce Secretary S R Rao said that during April to August this year, the shipment dipped by about six per cent to ...

Sensex surges over 406pts in early trade to reach 18,428 mark

The BSE benchmark Sensex surged over 406 points in early trade today.The 30-share barometer, which has gained nearly 710 points in the previous seven sessions, shot up further by 406.45 points, or 2.26 per cent, to 18,428.Similarly, the wide-based National Stock Exchange index Nifty regained psychol...

RBI: Central bank focusing on bringing down cash component in economy

RBI has said that the central bank is focused on bringing down the cash component in the economy. Speaking to reporters in Mumbai on Thursday, RBI Deputy Governor H R Khan said that circulation of a large amount of cash in the economy leads to many problems and hence India should move towards a less...