Sensex falls 115 points amid weak global markets

Snapping two days of gains, the Sensex at the Bombay Stock Exchange dropped 115 points, or 0.6 percent, to 18,494, on profit-booking by investors, amid weak global markets on Thursday.The Nifty at the National Stock Exchange declined 42 points, or 0.7 percent, to 5,550.Stock markets in Japan, China,...

Sensex down by 192 pts

The Sensex at the Bombay Stock Exchange dropped 192 points, or 1 per cent, to 18,417 in opening trade, today, on profit-booking by investors after two days of gains, and in line with weak global markets. Later the Sensex remained subdued, and stood 123 points, or 0.7 percent in negative territory, a...

Food inflation falls to 8.06 per cent

Food inflation has fallen to 8.06 per cent for week ended May 21. This follows cheaper pulses, wheat and some vegetables. Food inflation, as measured by the Wholesale Price Index or WPI, stood at 8.55 per cent during the previous week. The rate of price rise of food items was as high as 21.15 per ce...

BSE Sensex down by 123 points in afternoon trade

The Sensex at the Bombay Stock Exchange dropped 192 points, or 1 per cent, to 18,417 in opening trade today, on profit-booking by investors after two days of gains, and in line with weak global markets. Later the Sensex remained subdued, and stood 123 points, or 0.7 percent in negative territory, at...

Equity market should not be considered as a market of speculators: SEBI Chairman

Chairman of Securities and Exchange Board of India (SEBI) Mr. U K Sinha today said the equity market should not be considered as a market of speculators. He was speaking at the 26th Skoch Summit in Mumbai today. Mr Sinha said there is a need to simplify the procedures for market investments to incre...

Rangarajan expects Indian economy to grow by 8.5 per cent in FY 2011-2012

BSE Sensex trading down 98.46 points

The Sensex is now trading down 98.46 points at 18510.35.The Sensex fell sharply by over 192 points in opening trade today. This follows foreign funds and retail investors booking profits made during the previous two sessions, taking cues from weak global markets.Profit-booking by speculators after t...

Food inflation falls

Food inflation has fallen to 8.06 per cent for week ended May 21. The figure was 8.55 per cent in the previous week.

Rupee falls against UD dollar

The Indian rupee fell by 16 paise to 45 rupees per US dollar in early trade on the Interbank Foreign Exchange today. The rupee resumed lower at 44 rupees 97 paise per dollar as against the previous closing level of 44 rupees 84 paise and moved down further to 45 rupees per dollar. The rupee moved in...

World Bank approves loan for National Ganga River Basin Project

World Bank has approved a loan worth USD 1 billion for the National Ganga River Basin Project for cleaning the river. A World Bank statement said in New Delhi that the loan, spread over eight years, will assist the National Ganga River Basin Authority (NGRBA) in carrying out various activities that ...