Sensex closes 189 points lower

Falling for the fifth straight session, the Sensex at the Bombay Stock Exchange declined 189 points, or 1 percent, to 19,263, today. The market fell on sustained selling by investors, on lower-than-expected industrial output data, weak Asian bourses, and high crude oil prices. The Nifty at the Natio...

Indian industrial growth slows to 3.6% in February

Dragged down by poor performance of the manufacturing and mining sectors, the country's industrial growth slowed to 3.6 per cent in February 2011, compared to 15.1 per cent expansion in the year-ago period. According to Official data released today, Manufacturing growth in February 2011 plu...

Sensex closes 189 points lower<br/><br/>

Falling for the fifth straight session, the Sensex at the Bombay Stock Exchange declined 189 points, or 1 percent, to 19,263, today. The market fell on sustained selling by investors, on lower-than-expected industrial output data, weak Asian bourses, and high crude oil prices. The Nifty at the Natio...

Sensex closes lower

India to clock over 8.5 % economic expansion in 2010-11

Planning Commission Deputy Chairman, Montek Singh Ahluwalia today exuded confidence that the country will clock over 8.5 per cent economic expansion in 2010-11, despite moderation in industrial growth. Ahluwalia said this will be because agricultural growth is likley to be higher than the earlier fo...

Sensex dips by 150 points on poor industrial output data

Extending it losses for the fifth consecutive session, the Sensex at the Bombay Stock Exchange opened 140 points lower, at 19,311, on continued selling by foreign funds and retail investors, amid subdued Asian bourses. Later, after falling more than 180 points on disappointing industrial output data...

Industrial output growth slows to 3.6 per cent in February <br/>

Industrial growth slowed to 3.6 per cent in February, 2011, compared to 15.1 per cent expansion last year. The slowdown is mainly due to poor performance of manufacturing and mining sectors. However, overall 15 out of 17 industry groups achieved positive growth in the second month of 2011. The capit...

Rupee falls by 9 paise against US dollar in early trade

The Indian Rupee fell marginally by 9 paise to 44.16 rupees against the US dollar in early trade, weighed down by a weak trend at the bourses. However, dollar&apos;s losses against other currencies abroad restricted its losses.

No online payment for forex trade: RBI to credit card firms

Amid introduction of illegal online forex trade by certain companies, the Reserve Bank has asked credit card issuing companies to not permit payments for such transactions.The regulations under Foreign Exchange Management Act (FEMA), 1999, do not permit resident Indians to trade in foreign exchange ...

Sensex down by 140 points in opening trade

The Sensex opened 140 points down on continued selling by foreign funds and retail investors amid weak trend in Asian bourses. The 30-share barometer, which has lost 250 points in the previous four sessions, moved further down by 140 points to 19,311 level, led by the fall in auto, realty, metals, I...