Business

October 20, 2011 2:19 PM

Sensex trading in red by 330 pts

The Sensex at the Bombay Stock Exchange fell 200 points, or 1.2 per cent, to slip below the 17,000 mark, at 16,885, in opening trade, today, dragged down by fears of an interest rate hike, and weak global markets.Later, after losing more than 330 points at one stage, the Sensex stood 276 points or 1...

October 20, 2011 2:02 PM

Food inflation ascends to double digits

Food inflation entered double digits again after a gap of a month-and-a-half and stood at 10.60 per cent for the week ending October 8.Food inflation, as measured by Wholesale Price Index, stood at 9.32 per cent in the previous week.The rate of price rise of food items stood at 15.72 per cent in the...

October 20, 2011 10:45 AM

Rupee tumbles by 24 paise

The Indian rupee fell by 24 paise to Rs 49.39 per US dollar in early trade today. The rupee had strengthened by 14 paise to close at Rs 49.16 against the US dollar in the previous session.

October 20, 2011 9:52 AM

Sensex plunges by 200 pts in opening trade

The BSE benchmark Sensex fell by almost 200 points in opening trade today. The 30-share Sensex, which had gained 337 points in the previous session, fell by 199.99 points, or 1.17 per cent, to 16,885 in opening trade today.The wide-based National Stock Exchange Nifty Index shed 53 points, or 1.03 pe...

October 20, 2011 9:39 AM

Sensex closes up by 337 points on value buying

The Sensex at the Bombay Stock Exchange surged 337 points, or 2 percent, to again regain the 17,000 level, at 17,085, as investors bought stocks at lower levels, and amid rising European markets on Wednesday.The Nifty at the National Stock Exchange jumped 102 points, or 2 percent, to 5,139.Stock mar...

October 19, 2011 9:45 PM

SAIL not to issue fresh equity

The state-owned company, Steel Authority of India, SAIL has decided against issuing fresh equity.Disinvestment Secretary Mohammed Haleem Khan told reporters in New Delhi, that the SAIL board has decided that there will be no fresh equity issue.He said, however, the government will go ahead with its ...

October 19, 2011 9:43 PM

Govt to complete capital infusion in public sector banks by March end

The government on Wednesday said public sector banks including, State Bank of India, requires about 20,000 crore rupees in the current fiscal and the capital infusion would be completed by the end of March.Replying questions on the sidelines of a function in New Delhi the Financial Services Secretar...

October 19, 2011 9:19 PM

Rupee up by 14 paise against US dollar

The Indian rupee appreciated by 14 paise to 49.1 rupees per US dollar at the Interbank Foreign Exchange on Wednesday, supported by the gains registered by other Asian currencies against the American dollar and a rebound in the domestic stock market.

October 19, 2011 9:17 PM

Rupee up by 14 paise against US dollar

The Indian rupee appreciated by 14 paise to 49.1 rupees per US dollar on the Interbank Foreign Exchange on Wednesday, supported by the gains registered by other Asian currencies against the American dollar and a rebound in the domestic stock market.

October 19, 2011 5:54 PM

Sensex closes up by 337 points on value buying<br/><br/>

The Sensex at the Bombay Stock Exchange surged 337 points, or 2 percent, to again regain the 17,000 level, at 17,085, as investors bought stocks at lower levels, and amid rising European markets on Wednesday.The Nifty at the National Stock Exchange jumped 102 points, or 2 percent, to 5,139.Stock mar...

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