Oil Declines after China Lowers Economic Growth target

Sensex plunges 274 points

The Sensex at the Bombay Stock Exchange declined 274 points, or 1.6 percent, to 17,363, on profit-booking ahead of state assembly election results, and amid weak Asian and European markets, today. The Nifty at the National Stock Exchange fell 79 points, or 1.5 percent, to 5,280. Stock markets in Jap...

Sensex plunges 274 points

The Sensex at the Bombay Stock Exchange declined 274 points, or 1.6 percent, to 17,363, today, on across-the-board selling by investors, amid weak Asian and European markets. The Nifty at the National Stock Exchange fell 79 points, or 1.5 percent, to 5,280. Stock markets in Japan, China, Hong Kong, ...

Gold sizzles

Rising for the third straight day, gold gained 75 rupees, to 28,340 rupees per ten gram at Delhi's bullion market, today. But silver held steady at 58,500 rupees per kilo.

BIS proposes mandatory hallmarking of gold, silver

The Bureau of Indian Standards -BIS has proposed mandatory hallmarking of gold and silver jewellery to ensure quality of the ornaments for common consumers. According to an official release, the agency has so far issued 9156 licences for gold jewellery and 537 for silver jewellery till January 2012....

Rupee drops 31 paise against US dollar

Moving in line with weak equity markets, the rupee dropped 31 paise, to 49.81 against the US dollar, at mid-session, today, on persistent dollar demand from importers. Earlier, the rupee had resumed lower, at 49.72 per dollar, at the Interbank Foreign Exchange market, compared to Friday's c...

Sensex falls 290 pts

The Sensex at the Bombay Stock Exchange fell 163 points, or 0.9 percent, to 17,474 in opening trade, this morning, on fresh selling by funds, amid weakness in the regional bourses.Later, selling pressure intensified considerably, and the Sensex had lost as much as 290 points, or 1.6 percent, to 17,3...

Foodgrains likely to touch record of 250.42 mn tonnes

India is going to record highest ever production of Rice, Wheat and cotton during 2011-12. Foodgrain is likely to reach a record level of 250.42 million tonnes. Addressing a two-day Kharif Conference in New Delhi today, Agriculture Minister Sharad Pawar said, it happened due to tremendous efforts of...

Rupee depreciates 31 paise against dollar

Moving in line with the equity market, the rupee depreciated by 31 paise to 49 rupees 81 paise against the US dollar during mid-session, on persistent dollar demand from importers. In the previous session on Friday, the domestic currency had lost 29 paise to close at three-week low of 49 rupees 51 p...

Sensex trades 269 pts in negative

Maintaining the downward trend, the Sensex at the Bombay Stock Exchange was trading 269 points in the negative territory at 17,368 in afternoon trade, when reports last came in. The 30-share index fell by 163 points to 17,474 points in the early trade today on fresh selling by funds, amid a weak tre...