Business

February 3, 2012 8:51 PM

RBI asks commercial banks not to overvalue houses while providing loans

The Reserve Bank of India (RBI) has asked all commercial banks to refrain from overvaluing houses while providing loans.In a notification issued from Mumbai today, RBI has noticed that some banks include stamp duty, registration and other documentation charges in the cost of the house property, ther...

February 3, 2012 7:52 PM

Sensex climbs 173 pts, closes at 17,605

Extending its gains for the fourth day in a row, the Sensex at the Bombay Stock Exchange rose 173 points, or 1 percent, to 17,605 on sustained buying by investors.The Sensex had lost 49 points at the day's low, and added 199 points at the day's high. The Sensex had gained over 560 ...

February 3, 2012 2:31 PM

Sensex gains over 560 points in past three trading sessions

The Sensex at the Bombay Stock Exchange rose 37 points, or 0.2 per cent, to 17,469, in early trade, today, on modest buying by funds and retail investors. Later, the Sensex traded in a narrow range, as it oscillated between the negative and positive zone, and stood a slim 9 points in positive territ...

February 3, 2012 12:39 PM

Sensex trading flat

India's benchmark indices traded flat today after three days of strong rally that saw the Sensex rise over 550 points. The Sensex was trading 9 points up at 17,441 though it rose 30 points or 0.17% to 17,462 in early trade today. The broader Nifty index was trading 2 points higher at 5271. ...

February 3, 2012 11:16 AM

Crude prices up in Asia

Crude prices were up in Asia today amid nervous trade ahead of a closely-watched US jobs report to be released later in the day. New York's main contract, light sweet crude for delivery in March, gained three cents to 96.39 dollars a barrel.Brent North Sea crude for March delivery was up 18...

February 3, 2012 11:12 AM

Oil prices fall below 98 dollars a barrel

Oil prices were below 98 dollars a barrel today in Asian markets amid mixed signs about the strength of US crude demand. Benchmark crude was down 1 cent at 97.60 dollars a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to settle ...

February 3, 2012 11:12 AM

Rupee up by 6 paise against dollar

The rupee rose marginally by 6 paise to trade at a fresh three-month high of 49.09 rupees against dollar on the Interbank Foreign Exchange market in early trade today. Dealers said continued foreign capital inflows in the Indian market and weakening of dollar against the euro in the global markets, ...

February 3, 2012 11:12 AM

Sensex gains 37 points in early trade

The Sensex gained 37 points in early trade. The 30-share index rose further by 37.08 points to 17,468.92. It has gained over 568 points in the past three sessions. In a similar fashion, the wide-based National Stock Exchange Nifty index gained 9.45 points at 5,279.35. Brokers said continued buying b...

February 3, 2012 10:42 AM

Sensex gains 37 points in early trade

The Sensex gained 37 points in early trade. The 30-share index rose further by 37.08 points to 17,468.92. It has gained over 568 points in the past three sessions. In a similar fashion, the wide-based National Stock Exchange Nifty index gained 9.45 points at 5,279.35. Brokers said continued buying b...

February 3, 2012 10:39 AM

Rupee up by 6 paise against dollar

The rupee rose marginally by 6 paise to trade at a fresh three-month high of 49.09 rupees against dollar on the Interbank Foreign Exchange market in early trade today. Dealers said continued foreign capital inflows in the Indian market and weakening of dollar against the euro in the global markets, ...

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