Business

February 24, 2011 7:14 PM

Sensex down by 546 points

Falling for the third straight session, the Sensex at the Bombay Stock Exchange tanked 546 points-its biggest single day fall in 18 months- to close well below the key 18,000 mark, at 17,632, today, on intense all-round selling pressure. The markets fell on macro-economic concerns about oil prices a...

February 24, 2011 4:56 PM

Sensex down by 546 points

Falling for the third straight session, the Sensex at the Bombay Stock Exchange tanked 546 points, or 3 percent, to close well below the key 18,000 mark, at 17,632, on Thursday, on intense all-round selling pressure. The Nifty at the National Stock Exchange plummeted 175 points, or 3.2 percent, to 5...

February 24, 2011 2:12 PM

Sensex slumps more than 400 points in afternoon trade

The Sensex at the Bombay Stock Exchange declined a massive 406 points, or 2.2 percent, to slip below the psychological 18,000 mark, and stand at 17,773, in afternoon trade, a short while ago. Earlier, in the morning, the Sensex had opened 90 points lower, at 18,088. The markets fell on sustained sel...

February 24, 2011 1:44 PM

Sensex trading below 18k

The Sensex at the Bombay Stock Exchange declined a massive 406 points, or 2.2 percent, to slip below the psychological 18,000 mark, and stand at 17,773, in afternoon trade, a short while ago. Earlier, in the morning, the Sensex had opened 90 points lower, at 18,088. The markets fell on sustained sel...

February 24, 2011 12:44 PM

Food inflation rises marginally

Food inflation rose marginally to 11.49 per cent for the week ended February 12 from 11.05 per cent in the previous week, driven by rising prices of milk,egg, meat and vegetables. The marginal rise in food inflation for the seven-day period ended February 12 snaps a fortnight of consecutive decline ...

February 24, 2011 11:01 AM

Rupee depreciates 14 paise against dollar

The Indian rupee fell by 14 paise to 45.26 rupees per US dollar in early trade. Forex dealers said besides dollar demand from importers, gains made by the American currency against other rivals overseas put pressure on the rupee. A weakening trend in the equity market for the third straight day on f...

February 24, 2011 10:09 AM

Sensex falls by 90 points in opening trade

The Bombay Stock Exchange benchmark Sensex fell by 90 points in opening trade today on sustained selling by foreign funds amid a weak trend in other Asian markets and current month contract expiry in the derivatives segment. The 30-share barometer, which lost over 260 points in the previous two sess...

February 24, 2011 8:50 AM

US crude oil hits $ 100 per barrel for first time since 2008

The price of Brent crude oil has hit 111 dollars a barrel and U.S crude also rose in price as worries persist about the unrest in Libya. Markets are concerned that the trouble could worsen in key oil producing countries affecting supplies and hitting growth. The price of Brent rose more than 5 dolla...

February 23, 2011 7:12 PM

India may allow export of wheat, rice

India might allow export of wheat and rice owing to the record food grain production this year. This was revealed by Agriculture and Food Processing Industries Minister Sharad Pawar in New Delhi today. Talking to reporters on the sidelines of a function Mr Pawar said that the time is right to allow ...

February 23, 2011 5:44 PM

Sensex slips for 2nd straight session to 18,178 poits

Falling for the second straight session, the Sensex at the Bombay Stock Exchange declined 118 points, or 0.6 percent, to 18,178, on Wednesday. The Sensex fell on continued selling by investors, triggered by concerns that surging oil prices due to political unrest in West Asia will lift inflation and...

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