Sensex shines, up 340 pts in noon trade

The Sensex at the Bombay Stock Exchange rose 192 points, or 1.2 per cent, to 15,709 in early trade, today, on buying by funds and retail investors, buoyed by firmness in the regional bourses.Afterwards the Sensex gathered further momentum, and stood a hefty 342 points, or 2.2 percent in positive ter...

Rupee up 17 paise at 53.13 against US $

The rupee appreciated by 17 paise to 53.13 rupee per dollar in early trade today, on the Interbank Foreign Exchange, as the US currency weakened against euro and other major currencies.Dealers said firm domestic equity markets also supported the rupee.The rupee had lost 20 paise to close at two-week...

Sensex shines, up 326 pts in noon trade

The BSE benchmark Sensex rose by 326 points in the noon trading.The 30-share index, which has gained 191 points in the early trade, rose further nearly by 135 points, to gain 326 points or 2.10 per cent, to trade at 15,900.The National Stock Exchange Nifty moved up by 101 points, or 2.18 per cent, t...

Sensex climbs 191 pts in early trade

The BSE benchmark Sensex rose by 191 points in early trade.The 30-share index, which gained 63 points yesterday, moved up further by 191.52 points, or 1.23 per cent, to 15,709.44 points with metals, banking and realty stocks leading the rally.The wide-based National Stock Exchange Nifty index moved ...

RBI hints at reversing monetary policy to tame inflation

Concerned over declining economic growth, Reserve Bank Governor D. Subbarao has indicated that the central bank could reverse the tight monetary stance adopted by it since March 2010 to tame inflation.Subbarao told the BBC in an interview, that from here on one could expect a reversal of monetary ti...

Sensex ends with 63 points gain on value buying

Snapping a four-session losing streak, the Sensex at the Bombay Stock Exchange gained a modest 63 points, or 0.4 percent, to 15,518, on the first trading session of 2012 on Monday, on value-buying by investors. The Nifty at the National Stock Exchange rose 12 points, or 0.3 percent, to 4,637.Key sto...

Exports grow by 17% in Nov 2011

QFIs in equities will boost long-term investment: R Gopalan

The decision to allow foreigners to invest directly in the equity market will encourage long-term investment in the country and reduce dependence on Foreign Institutional Investro's money Department of Economic Affairs Secretary R Gopalan described the latest step as a way of creating an en...

Plan panel recommends Rs 77,000 crore private investment in Shipping

An expert group set up by Planning commission has recommended over 77 thousand crore rupees of private investment in the Shipping sector in the 12th five year plan to push up economy.Official sources said in New Delhi that over 90 thousand crores rupees are required for the sector in the plan period...

Govt calls for shifting some agriculture workers to the manufacturing sector

Government on Monday called for shifting a part of agriculture workers to the manufacturing sector, to boost the country's economic growth.Agriculture Secretary P K Basu said in New Delhi that currently about 60 per cent of the country's 1.2 billion population is involved in agricu...