Centre to offload 5 per cent stake in ONGC

The government has decided to offload 5 per cent stake in the state-owned company Oil and Natural Gas Corporation- ONGC through the auction route on the 1st of next month. It may fetch the exchequer about 12,000 crore rupees. Oil Minister Jaipal Reddy said this while talking to reporters after the m...

Surge in crude prices disturbing, says Pranab

Finance Minister Pranab Mukherjee today said, the surge in crude oil prices is a disturbing trend. Speaking to reporters in New Delhi, Mr Mukherjee said, it is too early to say what will be its impact on the economy.The crude oil prices in the international market surged recently following tensions ...

Sensex snaps 4-day losses; Jumps by 285 points

Snapping four days of losses, the Sensex at the Bombay Stock Exchange jumped 285 points, or 1.6 percent, to 17,731, today, on renewed buying by funds, amid rising Asian markets, and easing crude oil prices. The 30-share Sensex had dropped more than 970 points in the past four trading sessions. The N...

Dow Jones Industrial Average down 1 pt

US stocks ended flat, yesterday. So the Dow Jones Industrial Average fell 1 points, at 12,982. The S&P 500 gained 2 points, to 1,368. And the Nasdaq Composite index gained 2 points, to 2,966. In economic news, pending home sales climbed at a 2% clip in January, helping shares of homebuilders...

Sensex in positive zone at 17,697pts

The Sensex at the Bombay Stock Exchange rose 174 points, or 1 per cent, to 17,620 in early trade, today, on fresh buying by funds and retail investors, at attactive lower levels. Later, the Sensex gained further ground, and stood a good 251 points, or 1.4 percent in the positive zone, at 17,697 in a...

Sensex in the green at 17,721pts

The Sensex is trading in green zone today. It rose by 275 points at 17, 721 a short while ago recovering 174 points in early trade on fresh buying by funds and retailers at attractive lower levels.The wide-based index of National Stock Exchange Nifty was trading 87 points up at 5, 368. It rose up by...

Oil lower in Asian trade

Oil was lower in Asian trade today on profit-taking amid concerns that rising prices could hamper global economic growth. New York's main contract, light sweet crude for delivery in April, shed 61 cents to 107.95 dollars per barrel, while Brent North Sea crude for April delivery was down 42...

Rupee up 5p at 49.17 against dollar

The rupee appreciated by 5 paise to trade at 49 rupees 17 paise against the dollar in early trade today on increased foreign capital inflows. In the previous session yesterday, the domestic currency had lost 29 paise to close at 49 rupees 22 paise against the dollar.

Sensex up 1% at 17,620

The BSE benchmark Sensex recovered by 174 points in early trade today on fresh buying by funds and retailers at attactive lower levels. The 30-share Sensex, which had lost over 977 points in the past four sessions, recovered by 174 points, or 1 per cent to 17,620.The wide-based index of National Sto...

SBI slashes Edu loan interest