Oil recovers overnight losses

Oil was higher in Asian trade today, recovering from overnight losses sparked by disappointment over the lack of new stimulus plans to boost the US economy and the eurozone. New York's main contract light sweet crude for September delivery advanced 23 cents to 87.36 dollars a barrel and Bre...

Rupee hits fresh one-week low against dollar

The rupee today again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low. This was due to strong demand for the American currency from banks and importers.The rupee had lost 37 paise to close at a one-week low of 55.84 yesterday against ...

Sensex down 116 points in early trade

The European Central Bank says it is ready to buy the government bonds of the continent's debt-ridden countries, a move that could ease the rising borrowing costs of financially troubled Spain and Italy. Bank President Mario Draghi did not disclose the size of the bond purchases, but today ...

Sensex snaps 4 day gain

Snapping a four-session winning streak, the Sensex at the Bombay Stock Exchange dropped 33 points, or 0.2 percent, to 17,224, on profit-booking by investors, amid weak Asian markets, today.The Sensex had gained 620 points in last four trading sessions. The Nifty at the National Stock Exchange fell 1...

Sensex loses 38 pts in noon trade

The Sensex at the Bombay stock Exchange fell 57 points, or 0.3 per cent, to 17,200 in early trade, today, on profit-booking by investors, amid weak Asian bourses. Later, the Sensex remained subdued, and stood 38 points, or 0.2 per cent in the red, at 17,219 in afternoon deals, a short while ago. The...

Sensex down by over 83 pts in noon trade

The 30-share barometer, which had gained nearly 620 points in the last four sessions, lost 83.43 points, or 0.48 per cent, to 17,171.28 . Stocks of auto, metal and capitalgoods sectors led the fall.Similarly, the wide-based National Stock Exchange index Nifty declined by 18.70 points, or 0.36 per ce...

Rupee down by 25 paise against dollar

The Rupee today lost 25 paise to55.72 against the US dollar in early trade. The American currency gainedstrength against other currencies overseas.The rupee had strengthened by 18 paise to close at 55.47against the US dollar yesterday on robust capital inflows inthe stock market and exporters sellin...

Rupee down by 25 against dollar

The Rupee today lost 25 paise to55.72 against the US dollar in early trade. The American currency gainedstrength against other currencies overseas.The rupee had strengthened by 18 paise to close at 55.47against the US dollar yesterday on robust capital inflows inthe stock market and exporters sellin...

SBI slashes lending rates on car, home loans by up to 0.5 %<br/>

The State Bank of India (SBI) has slashed lending rates on car and home loans by up to 0.5 per cent.SBI has reduced interest rate on home loans of up to 30 lakh rupees to 10.25 per cent from the existing 10.50 per cent. On home loans of beyond 30 lakh rupees but less than 75 lakh rupees, the new rat...