Sensex closes 365 points lower

The Sensex at the Bombay Stock Exchange plunged 365 points, or 2.3 percent, to once again close below the 16,000 mark, at a more than two-year low of 15,700 on Wednesday.The Sensex fell on heavy fund outflows, amid weak Asian and European markets, and global growth worries. The Nifty at the National...

FII withdrawal, weak rupee responsible for market crash: Pranab

Finance Minister Pranab Mukherjee on Wednesday attributed the stock market crash to withdrawal of funds by foreign investors and depreciation of the rupee.Mr. Mukherjee told reporters in Delhi that, Markets have crashed because of continuous withdrawal of funds by Foreign Institutional Investors. He...

Sensex sheds 440 pts in afternoon trade

The Sensex at the Bombay Stock Exchange plunged 221 points, or 1.4 per cent, to again slip below the 16,000 mark, at 15,845, in early trade, this morning.The market fell on across-the-board selling by investors, as weak global markets, and global growth jitters weighed on investor sentiment.Later, s...

RBI directs co-op banks to adopt 3-month rule on cheque validity

The Reserve Bank of India, RBI has directed all central and state cooperative banks not to make payments on cheques and other financial instruments like drafts, pay order and banker's cheques that are over three months old from next fiscal.The directive comes a few days after the similar di...

Rs.100 notes with rupee symbol soon

Sensex trades down by 539 pts

The BSE benchmark Sensex was down by nearly 539 points in the noon trade today. The 30-share barometer, which opened on lower note in the morning, was further down by 539 points or 3.36 per cent and was trading at 15,526 during noon.The wide-based National stock Exchange Nifty index also fell by 146...

Crude down in Asian trade

Crude prices were lower in Asian trade today with weak US growth data and debt worries in Europe weighing on the market. New York's main contract, light sweet crude for delivery in January, fell 53 cents to 97.48 US dollar a barrel.The analysts said crude markets were depressed by worries o...

Sensex further falls 260 pts in noon trade

The BSE benchmark Sensex plummeted by 260 points in the noon trade today. The 30-share barometer, which was down by 220.70 points, or 1.37 per cent, within minutes of the opening trade was further down by nearly 39 pts or 1.62 percent to trade at 15,805 during noon.The wide-based National stock Exch...

Rupee gains 32 paise

The rupee gained 32 paise against the dollar and stood at 51 rupees 92 paise per dollar in the morning trade. This is in line with the gains registered by other Asian currencies against the dollar.

Sensex plummets by 220 pts in opening trade

The BSE benchmark Sensex plummeted by over 220 points in opening trade today. The 30-share barometer, which gained 119.32 points in the previous session, was down by 220.70 points, or 1.37 per cent, at 15,844.72 within minutes of the opening bell.The wide-based National stock Exchange Nifty index al...