Sensex spurts 53 points on firm Asia cues

The Sensex at the Bombay Stock Exchange rose 53 points, or 0.3 percent, to close at 17,637, today, amid firm Asian markets. The Nifty at the National Stock Exchange gained 20 points, or 0.4 percent, to 5,359. But in the broader market, the BSE Midcap index and the Smallcap index lost 0.1 percent, ea...

Gold, Silver recover on buying support

Gold recovered by 100 rupees and silver by 1000 on fresh buying in New Delhi's bullion Market. Gold prices rose to 28,240 rupees per 10 grams after it crashed to a near six-month low by losing 920 rupees on Thursday.Silver followed suit and recovered by 1,000 rupees to touch 59,300 per kg.

Unemployment rate in India has fallen by 1.7 percent in 5 years despite global slowdown. It was 8.3 per cent in 2004-05 but came down to 6.6 in 2009-10. Disclosing this in New Delhi on Thursday ,Labour and Employment Minister Mallikarjun Kharge attributed the achievement to the employment measures i...

Govt decides to study ONGC auction before further stake sale of companies

Finance Minister Pranab Mukherjee said today that the government has decided to study the auction process before going ahead with further stake sale of companies. The share sale of ONGC had been completed successfully with the Life Insurance Corportion coming to the rescue at the last moment. The go...

Sensex trades 102 points up

The BSE benchmark Sensex was trading 102 points or 0.59 per cent up at 17,686 points a shortwhile ago. It recovered by 77 points in the early trade with stocks of the auto, metal, power and banking sector leading the recovery.The wide-based National Stock Exchange index Nifty was also trading 41 poi...

ONGC stake sale great success: Pranab Mukherjee

Finance Minister Pranab Mukherjee has termed the ONGC stake sale as a great success. Speaking to reporters late last night Mr. Mukherjee said, the government has raised 12,666 crore rupees from auction of its 5 per cent stake in the oil major. He said, the latest figure from auction of ONGC shares c...

Rupee fails to maintain initial gains by slipping 15 paise against dollars<br/>

The Indian rupee failed to maintain initial gains by slipping 15 paise to 49.36 against the US Dollar in the late morning trade on fresh dollar demand from banks and importers. The rupee resumed higher at 49.15 per dollar at the Interbank Foreign Exchange (Forex) market as against the last closing l...

Sensex trades 90 points up

The BSE benchmark Sensex was trading 90 points or 0.52 per cent up at 17,674 points a shortwhile ago. It recovered by 77 points in the early trade with stocks of the auto, metal, power and banking sector leading the recovery.The wide-based National Stock Exchange index Nifty was also trading 32 poin...

Oil Prices retreat in Asia after overnight surge

Oil prices retreated in Asian trade today as dealers took profits from overnight gains driven by rumours of a supply disruption in Saudi Arabia. Oil prices had surged overnight on an Iranian media report about a pipeline fire in Saudi Arabia, but Saudi officials later issued a statement denying the ...

Rupee appreciates by 6 paise

The rupee appreciated by 6 paise to 49.15 rupees per US dollar in the opening trade today on the Interbank Foreign Exchange on increased foreign capital inflows. Dealers said higher opening in local equities and gains in other Asian currencies overseas against the US dollar, supported the rupee.Thur...