Disappointed with the factory output growth of 4.1 per cent in August, Finance Minister Pranab Mukherjee today said it may impact India's second quarter GDP. The factory output, as measured by the Index of Industrial production (IIP), was 4.1 per cent in August, lower than 4.5 per cent in t...

Sensex gain 422 points in closing trade

The Sensex at the Bombay Stock Exchange surged 422 points, or 2.6 percent, to a one-month high of 16,958, on encouraging quarterly results by IT major, Infosys, and rising Asian and European markets, today. The Nifty at the National Stock Exchange climbed 125 points, or 2.5 percent, to 5,099.Stock m...

Oil prices down in Asian Trade

Crude prices were down in Asian trade today after OPEC lowered its global oil demand forecast for 2012 and Slovakia rejected a plan to revamp the Euro zone's rescue fund. New York's main contract, light sweet crude dived $ 1.04 to $ 84.77 a barrel. Brent North Sea crude shed 74 cen...

Rupee trades at 49.32 per Dollar

At the inter-bank foreign exchange market, the rupee resumed higher, at 49.28 against the dollar, as against its previous close of 49.32. But the rupee later softened, to trade at its previous level of 49.32 per dollar, in mid-morning trade.

Sensex gains 250 pts

The BSE Sensex gained over 250 points, to trade at 16,777 in the afternoon session. Earlier, the 30-share index, which lost nearly 21 points in the previous session, shot up by 162 points, to around 16,699 in the first five minutes of trade today, with IT, tech, metal and banking sector stocks leadi...

Oil prices down in Asian Trade

Crude prices were down in Asian trade today after OPEC lowered its global oil demand forecast for 2012 and Slovakia rejected a plan to revamp the Euro zone's rescue fund. New York's main contract, light sweet crude dived $ 1.04 to $ 84.77 a barrel. Brent North Sea crude shed 74 cen...

Sensex trading high by 188 pts

The BSE Sensex rose by almost 188 points, trading above 16000 mark at 12 noon. Earlier, the 30-share index, which lost nearly 21 points in the previous session, shot up by 162 points, to around 16,699 in the first five minutes of trade today, with IT, tech, metal and banking sector stocks leading th...

Sensex opens higher by 162 pts

The BSE Sensex rose by almost 162 points in opening trade today on the back of positive Q2 earnings results from IT bellwether Infosys. The 30-share index, which lost nearly 21 points in the previous session, shot up by 162 points, to around 16,699 in the first five minutes of trade today, with IT, ...

Wheat production to exceed target : Agri Secy

Wheat production is expected to touch an all-time high of 86 million tonnes this rabi season as crop prospects look bright on account of a good monsoon. Talking to reporters in New Delhi, Agriculture Secretary P K Basu said wheat crop prospects are expected to be encouraging as reports say there wil...

100% FDI for new pharma ventures to continue

India will continue to allow 100 percent Foreign Direct Investment for new ventures in the pharma sector. The decision was taken at a high level meeting chaired by Prime Minister Dr Manmohan Singh to discuss the FDI policy in drugs and pharmaceutical sector held in New Delhi last night. An official ...