Sensex loses early gains; Dips 317 points on heavy selling

Erasing early gains, the Sensex at the Bombay Stock Exchange dropped 371 points, or 2.2 percent, to a nearly 15-month low of 16,470 on Thursday. The Sensex fell on across-the-board selling, on interest rate fears, and in line with falling Asian and European markets, as fears of a global economic slo...

Sensex sheds 275 points in afternoon trade

Erasing initial gains, the Sensex at the Bombay Stock Exchange was trading 275 points in the negative territory at 16,566 points when reports last came in. The Sensex, which had gained 76 points in opening trade, first fell by 80 points, or 0.48 per cent, to 16,760 and then further declined, after s...

Food inflation falls to 9.03 per cent

India now ranks third in pharmaceutical production globally

India now ranks third in terms of pharmaceutical production globally. In terms of value it is standing 14th in the world. This information was given by the Minister of Chemicals and Fertilizers, Mr. Srikant Jena in the Lok Sabha on Thursday. In a written reply, he said the Indian pharmaceutical indu...

Commissioning of POSCO to increase steel production manifold: Centre

Government says with the commissioning of the plant of South Korean Steel major POSCO in Odisha, the steel production in the country will increase manifold. The plant will produce 12 million tones of steel annually. In a reply to the Rajya Sabha, Minister of Steel Beni Prasad Verma said the governme...

Sensex sheds 218 pts in late morning trade

Erasing initial gains, the Sensex at the Bombay Stock Exchange was trading 218 points in the negative territory at 16,623 in late morning deals. The Sensex, which had gained 76 points in opening trade, fell by 80 points, or 0.48 per cent, to 16,760 after stocks of technology, banking, auto and capit...

Food inflation falls to 9.03 per cent

Food inflation fell to 9.03 per cent for the week ended August 6. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 9.90 per cent in the previous week. The rate of price rise of food items was 14.51 per cent in the first week of August, 2010. As per data released by government...

Sensex sheds 205 points in late morning trade

Erasing initial gains, the Sensex at the Bombay Stock Exchange was trading 205 points in the negative territory at 16,636 in late morning deals. The Sensex, which had gained 76 points in opening trade, fell by 80 points, or 0.48 per cent, to 16,760 after stocks of technology, banking, auto and capit...

Rupee falls by 29 paise against US dollar in early trade

The Indian rupee depreciated by 29 paise to a six-month low of 45 Rupees 70 paise against the US dollar in early trade. The rupee moved in a range between 45.47 and 45.70 rupees in the morning deals. The domestic currency had lost 4 paise to close at 45.41 Rupees against the international currency o...

Sensex down by 80 pts

Erasing initial gains, the Sensex at the Bombay Stock Exchange was trading 185 points in the negative territory at 16,656 in late morning deals. The Sensex, which had gained 76 points in opening trade, fell by 80 points, or 0.48 per cent, to 16,760 after stocks of technology, banking, auto and capit...