Sri Lankan President presents 2012 budget

Rupee touches new low of 52.15 per dollar

At the inter-bank foreign exchange market, the rupee sank 81 paise, to a over 32-month closing low of 52.15 against the dollar.The rupee fell on sustained dollar demand, and as domestic equities tumbled. The rupee has lost over 4 percent against the dollar in the last six trading sessions.The Financ...

Asian stocks weaken amid US, European debt concerns

Asian shares lost ground on Monday, on European and US debt concerns. So Japan 's Nikkei 225 index lost 0.3%; Hong Kong 's Hang Seng index fell 1.4%; China 's Shanghai Composite index shed 0.1%; South Korea 's Kospi dropped 1%; and Singapore 's Strait Tim...

Sensex falls for 8th day in a row, loses 425 pts

Extending its losses for the eight straight session, the Sensex at the Bombay Stock Exchange tumbled 425 points, or 2.6 percent, to close below the psychological 16,000 mark, at 15,946 on Monday.The market fell on heavy foreign fund outflows amid a depreciating rupee, and falling global markets. The...

Gold up by Rs 35 to touch 29, 240 per ten grams

Gold rose 35 rupees, to 29,240 rupees per ten grams at Delhi 's bullion market on Monday, on buying for the ongoing marriage season.But silver lost 550 rupees, to 55,850 rupees per kilo, as industrial units refrained from purchases.Overseas, gold declined 0.5 per cent, to 1,715 dollars an o...

Spanish markets fall after election

Spanish markets have fallen despite a resounding victory for the country's centre-right Popular Party in the election. Stocks in Madrid fell 2% while the government's cost of borrowing rose. Stock markets across Europe also saw sharp falls as fears over the eurozone debt crisis con...

Sensex falls for 8th day in a row, loses 425 pts

Extending its losses for the eight straight session, the Sensex at the Bombay Stock Exchange tumbled 425 points, or 2.6 percent, to close below the psychological 16,000 mark, at 15,946 on Monday, amid falling Asian and European markets.The Sensex had already nearly 1,200 points in the previous seven...

Sensex slips further 270 pts in afternoon trade

The Sensex at the Bombay Stock Exchange fell 191 points, or 1.2 per cent, to 16,180 within the first five minutes of trade, this morning, as investors continued to offload stocks amid falling regional bourses. Later, in afternoon trade the Sensex lost further ground, and stood 270 points, or 1.7 per...

Sensex trading down by 190 pts in afternoon trade

The Sensex at the Bombay Stock Exchange fell 191 points, or 1.2 per cent, to 16,180 within the first five minutes of trade, this morning, as investors continued to offload stocks amid falling regional bourses. Later the Sensex remained weak, and stood 190 points, or 1.1 percent in negative territory...

Crude down in Asian trade

Crude prices were lower in Asian trade today. New York's main contract, light sweet crude for delivery in January, fell 32 cents to 97.35 dollars a barrel. Brent North Sea crude for January delivery shed 28 cents to 107.28 dollars.