Business

January 12, 2012 2:06 PM

Sensex drops more than 140 points in afternoon trade

The Sensex at the Bombay Stock Exchange fell 125 points, or 0.8 per cent, to 16,051 in opening trade, on Thursday morning. Later, the Sensex remained weak, and stood 144 points, or 0.9 percent in negative territory, at 16,032 in afternoon trade, a short while ago. At one stage the Sensex had slipped...

January 12, 2012 12:49 PM

Rupee recovers by 19 paise against dollar

The Indian rupee recovered by 19 paise to 51 rupees 71 paise per US dollar in early trade today on fresh selling of dollars by banks and exporters in view of persistent foreign capital inflows into the equity market amid dollar weakness overseas.

January 12, 2012 10:41 AM

Rupee up by 4 paise against dollar

The rupee strengthened marginally by 4 paise to 51 rupees 86 paise per dollar in early trade on the Interbank Foreign Exchange today, supported by continued foreign fund inflows.Dealers said consistent dollar inflows and selling of the American currency by exporters, mainly supported the rupee.The r...

January 12, 2012 9:48 AM

Sensex falls by 125 pts in opening trade

The BSE benchmark Sensex fell by 125 points in opening trade today. The 30-share BSE index, which gained over 361 points in the previous two sessions, declined by 125 points, or 0.77 per cent, to 16,050.86 in opening trade.In a similar fashion, the wide-based National Stock Exchange Nifty index shed...

January 11, 2012 7:58 PM

No bailout package for private airlines

Civil Aviation Minister Ajit Singh ruled out any possibility of a bailout package for private airlines by the government. Talking to reporters in New Delhi on Wednesday, Mr Singh said that government is only responsible for Air India which is a public sector undertaking. The Minister however said th...

January 11, 2012 6:07 PM

Sensex up 11pts, closes at 16176

The Sensex at the Bombay Stock Exchange gained a marginal 11 points, or 0.1 percent, to 16,176, today, amid investor caution ahead of the beginning of the corporate earnings season.The Sensex had lost 37 points at the day's low, and added 80 points at the day's high. The Nifty at t...

January 11, 2012 2:16 PM

Sensex up 27 points in afternoon trade

The Sensex at the Bombay Stock Exchange rose 57 points, or 0.3 per cent, to 16,222 in opening trade, on Wednesday morning, on sustained buying by investors, after Moody's upgrade of the country's short-term foreign currency bank deposits, and on hopes of a rate cut by the Reserve B...

January 11, 2012 12:45 PM

Oil prices slide in Asian trade

Oil prices slid in Asian trade today as traders took profit from recent gains, with weak US energy demand dampening the market's mood despite concerns over tension in Iran and Nigeria. New York's main contract crude for delivery in February, was down 54 cents to 101.70 dollar in mo...

January 11, 2012 12:40 PM

Rupee falls by 20 paise against US dollar

The Indian rupee fell by 20 paise to 51 rupees 90 paise per US dollar in early trade today on fresh dollar demand from banks and importers. Fresh dollar demand from banks and importers at current levels mainly affected the rupee value against the dollar.Yesterday, the rupee appreciated 81 paise, to ...

January 11, 2012 12:12 PM

Sensex fails to maintain initial gains

The BSE Sensex which rose by over 57 points in opening trade, failed to maintain initial gains due to profit-booking in capital goods, health care and refinery stocks. It was trading 25 points up at 16,190 a short while ago. In a similar fashion, the wide based National Stock Exchange Nifty was trad...

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