Business

July 17, 2012 11:51 AM

Sensex in positive territory; trading up 64pts at 17,167

The Sensex lost early gains and was trading 64 points in the positive territory at 17,167 in late morning deals, when reports last came in. Snapping its four-session losing streak, the Sensex had recovered by over 130 points in early trade. The rise was attributed to fresh buying by funds and retail...

July 17, 2012 11:11 AM

Oil rises in Asia trade

Oil rose in Asia today. New York's main contract, light sweet crude for delivery in August was up 17 cents to 88.60 dollars a barrel and Brent North Sea crude for September delivery gained 30 cents to 103.67 dollars.

July 17, 2012 10:08 AM

Rupee gains 43p; trading at 54.88 against dollar

The rupee gained 43 paise to tradeat 54 rupees 88 paise against the US dollar in early trade today at theInterbank Foreign Exchange. This follows American currency weakeneningagainst euro and other currencies overseas. Dollar selling by exporters and banks, amid a higheropening in the domestic equit...

July 17, 2012 10:07 AM

Sensex snaps losing streak; recovers by over 130pts in early trade

Snapping its four-session losing streak, the BSE benchmark Sensex recovered by over 130 points in early trade today. This follows fresh buying by funds and retailinvestors amid a firming trend at Asian markets. The 30-share barometer, which has lost 515 points in thelast four straight sessions, rose...

July 17, 2012 10:04 AM

Sensex snaps losing streak; recovers by over 130pts in early trade

Snapping its four-session losing streak, the BSE benchmark Sensex recovered by over 130 points in early trade today. This follows fresh buying by funds and retailinvestors amid a firming trend at Asian markets. The 30-share barometer, which has lost 515 points in thelast four straight sessions, rose...

July 17, 2012 9:11 AM

IMF lowers global growth forecast; India growth projection cut

International Monetary Fund, IMF has lowered India's growth forecast by 0.7 per cent to 6.1 per cent for 2012. The IMF, in its update of the World Economic Outlook, has also cut India's growth projection for 2013 by a similarmargin, to 6.5 per cent. It has also reduced the global g...

July 16, 2012 8:49 PM

IMF lowers India's growth forecast by 0.7% to 6.1% for 2012

International Monetary Fund(IMF) has lowered India's growth forecast by 0.7 per cent to 6.1 per cent for 2012 -- the steepest cut for any nation -- in view of deteriorating global economic situation.The IMF, in its update of the World Economic Outlook, has also cut India's growth p...

July 16, 2012 8:48 PM

IMF: Global economic recovery is still at risk

The International Monetary Fund has said that the global economic recovery is still at risk, and eurozone economies remain in a precarious situation. In its updated World Economic Outlook, which is published twice each year, the Washington-based lender said a delayed or insufficient response from Eu...

July 16, 2012 4:58 PM

Sensex falls 110 pts to close at 17,103

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange declined 110 points, or 0.6 percent, to 17,103, today, on worries about the monsoon and rising food prices. The Sensex had lost 405 points in the previous three trading sessions. The Nifty at the National Stock Exchange...

July 16, 2012 2:10 PM

Sensex trading flat in afternoon trade

The Sensex at the Bombay Stock Exchange rose 69 points, or 0.4 percent, to 17,282 in early trade, today, on fresh buying by funds and retail investors, ahead of inflation data.But later, the Sensex gave up all its initial gains, to stand 11 points in negative territory, at 17,203 in afternoon deals,...

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