Business

August 22, 2012 5:33 PM

Sensex ends down by 38 points amid weak global markets

Snapping a two-day rally, the Sensex at the Bombay Stock Exchange closed with a modest loss of 38 points, or 0.2 percent, at 17,847, amid weak Asian and European markets on Wednesday.The Sensex had gained almost 230 points in the last two trading sessions. The Nifty at the National Stock Exchange fe...

August 22, 2012 1:41 PM

Sensex drops 43 pts in noon trade

The Sensex at the Bombay stock Exchange fell 85 points, 0.5 per cent, to 17,800 in opening trade, this morning, on profit-booking by funds and retail investors, amid weak regional bourses. Later, the Sensex recovered some lost ground, but still stood 43 points, or 0.2 per cent in the red, at 17,842 ...

August 22, 2012 1:37 PM

Head of IMF in Egypt to discuss financial aid package

The head of the International Monetary Fund is in Egypt to discuss an urgently-needed financial aid package for the country's struggling economy. Christine Lagarde will meet President Mohammed Mursi and his new cabinet. The Egyptian Finance Minister Mumtaz al-Said has said Cairo will be loo...

August 22, 2012 1:07 PM

Govt take steps to evolve consensus on retail FDI

The government has taken steps to evolve a broader consensus among various stakeholders on the issue of Foreign Direct Investment (FDI) in multi-brand retail trading. This information was given in a writtenreply in the Rajya Sabha today by the Commerce and Industry Minister Mr Anand Sharma. He said ...

August 22, 2012 11:55 AM

Rupee trims early gains to 55 rupees against dollar

The rupee trimmed its early gains today to 55 rupees 48 paise against the US currency in the late morning trade. The fall was due to selling of dollars from banks on the back of lower dollar in overseas market. The rupee which resumed higher at 55.45 per dollar, hovered in a range of 55.40 per dolla...

August 22, 2012 11:54 AM

Sensex down 30 pts in noon trade<br/>

The Sensex at the Bombay Stock Exchange, today declined by 30 points in its late morning trade, extending its initial loss. The fall was attributed to profits booked by funds and retail investors amid a weak trend on other Asian bourses.The 30-share index which had fallen by 85 points in its opening...

August 22, 2012 11:43 AM

Oil prices rises in Asia

Crude oil prices rose in Asia today on growing hopes of imminent European Central Bank intervention to ameliorate the eurozone&apos;s debt crisis. New York&apos;s main contract, light sweet crude for October delivery, gained five cents to 96.89 dollars a barrel and Brent North Sea crude for ...

August 22, 2012 11:35 AM

Rupee gains 16 paise against dollar

The rupee today gained 16 paise to 55 rupee 41 paise against the dollar in early trade, extending its rising streak for the third straight session. The rise come after American currency weakened against euro overseas.The local currency had gained 16 paise to close atone-week high of 55 rupees 57 pai...

August 22, 2012 10:00 AM

Sensex falls nearly 85 pts in early trade

The BSE benchmark Sensex today fell by nearly 85 points in early trade as funds and retail investors booked profits amid a weak trend on other Asian bourses.The 30-share index, which had gained nearly 229 points in the previous two sessions, fell by 84.97 points, or 0.47 per cent, to 17,800.29. Simi...

August 21, 2012 6:15 PM

Sensex surges 194 pts to close at 17,885

The Sensex at the Bombay Stock Exchange jumped 194 points, or 1.1 percent, to a five-month closing high 17,885, today, on heavy rain in some parts of the country, and easing inflation. The Nifty at the National Stock Exchange gained 55 points, or 1 percent, to 5,421.Stock markets in Japan, China, Ho...

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