Business

December 12, 2011 8:25 PM

Sensex slumps 343 points to close at 15,870

Falling for the third straight session, the Sensex at the Bombay Stock Exchange slumped 343 points, or 2.1 percent, to close below the 16,000 level, at 15,870, on Monday, after negative industrial output numbers, and amid weak European markets. The Sensex had had already lost more than 660 points in...

December 12, 2011 5:56 PM

Sensex slumps 343 points

Falling for the third straight session, the Sensex at the Bombay Stock Exchange slumped 343 points, or 2.1 percent, to close below the 16,000 level, at 15,870, on Monday, after negative industrial output numbers, and amid weak European markets. The Sensex had had already lost more than 660 points in...

December 12, 2011 4:39 PM

Govt. proposes to remove control on Petro products

After decontrolling the prices of petrol last year, Government proposes to gradually remove the controls on other Petro products. Inaugurating the 10th Petro India conference in New Delhi on Monday, the Minister of State for Petroleum, R P N Singh however noted that impact of free market on weaker s...

December 12, 2011 1:58 PM

Sensex drops more than 250 points in afternoon trade

Erasing all its initial gains, the Sensex at the Bombay Stock Exchange declined 255 points, or 1.6 percent, to slip below the 16,000 level, at 15,959 in afternoon deals. Stocks fell after the latest data showed that industrial output contracted 5.1 percent in October.Earlier in the morning, however,...

December 12, 2011 1:57 PM

Industrial output shrinks by 5.1 per cent

India's industrial output shrunk by 5.1 per cent in October after witnessing a sustained slowdown over the past few months, led by a steep fall in production of almost sectors, particularly manufacturing, mining and capital goods.Factory output, as measured by the Index of Industrial Produc...

December 12, 2011 12:09 PM

Asian trade sees oil prices weaken

Oil prices weakened in Asian trade today.New York's main contract, light sweet crude for January delivery, dropped 18 cents to 99.23 dollar a barrel and Brent North Sea crude also for January delivery fell 16 cents to 108.46 dollar.

December 12, 2011 12:09 PM

Rupee falls by 23 paise

The Indian rupee fell by 23 paise to an early low of 52 rupees 26 paise against the US dollar today on persistent dollar demand from banks and importers, despite dollar weakness in overseas markets. In the previous session on Friday, the rupee had lost 28 paise to close at 52 rupees 4 paise per US d...

December 12, 2011 12:08 PM

Sensex trades 141 pts in negative territory in afternoon transaction

Erasing initial gains, the Sensex at the Bombay Stock Exchange was trading 141 points in the negative territory at 16,073 when reports last came in. The 30-share index, which had lost nearly 664 points in the past two sessions, recovered by 147 points, or 0.90 per cent, at 16,360 in the first few mi...

December 12, 2011 11:10 AM

Rupee falls by 14 paise

The Indian rupee fell by 14 paise to Rs 52.17 per US dollar in early trade today. The rupee had lost 28 paise to close at Rs 52.04 per US dollar in the previous session on Friday.

December 12, 2011 11:08 AM

Sensex recovers by 147pts

The BSE Sensex recovered by 147 points, or 0.90 per cent, to 16360 in opening trade today.The 30-share benchmark index, had lost nearly 664 points in the past two sessions.The wide-based National Stock Exchange Nifty index moved up by 27 points, or 0.55 per cent, to 4,894.Meanwhile, in Asia, Hong Ko...

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