Sensex slips more than 200 points in afternoon trade

Lifted by a firm trend in the regional bourses, the Sensex at the Bombay Stock Exchange opened 124 points higher, at 18,452, this morning. But the Sensex later erased all its early gains, to stand as much as 203 points, or 1.1 percent in the red, at 18,125, in volatile trade, a short while ago, as m...

Sensex down by 175 points in afternoon trade

The BSE benchmark Sensex was trading 175 points down at 18,153 a short while ago. Earlier it recovered by nearly 125 points in the opening trade, after witnessing a four-session losing streak.Similarly, the broad-based National Stock Exchange index Nifty was trading 58 points down at 5,447.

Rupee up by 6 paise against dollar

The rupee strengthened by 6 paise to 45 rupees 84 paise against the US dollar in early trade. A firm opening in the equity markets and dollar weakness against the euro supported the rupee sentiment. The rupee had ended at a two-month low of 45 rupees 91 paise a dollar in the previous session.

Oil stays above $100 barrel in Asian trade

World oil prices stayed above 100 dollars a barrel in Asian trade today. This follows fears that the escalating turmoil in Egypt will disrupt supply flows through the strategic Suez Canal.Prices barrelled through the psychological threshold overnight for the first time since the 2008 economic crisis...

Sensex recovers 125 points in opening trade

The BSE benchmark Sensex today recovered by nearly 125 points in the opening trade, after witnessing a four-session losing streak. This follows buying by funds and retail investors, triggered by firming trend on the other Asian bourses.The Sensex, which had lost nearly 825 points in the previous fou...

2009-10 GDP growth rate revised to 8%

The GDP growth rate for 2009-10 has been revised to 8 percent. It was initially revised at 7.4 percent for the period. According to the latest estimates by Ministry of Statistics and Programme Implementation, the higher GDP rate has been possible due to faster growth in transport, storage and commun...

Sensex closes 68 points lower

Govt approves additional Rs 8K crore subsidy for fuel retailers<br/>

The government has approved an additional subsidy of eight thousand crore rupees today to make up for the losses suffered by state-run fuel retailers on the sale of diesel, LPG and kerosene below cost in the third quarter.The official sources said that the Finance Ministry has issued a letter approv...

Rupee falls by 21 paise against US dollar

The Indian rupee fell by 21 paise to a two-month low of 45 rupees 97 paise per US dollar in early trade on Monday. The rupee was weighed down by the gains registered by the greenback against other major currencies. Dealers said the rupee weakness was due to the dollar gains against other Asian curre...

Core infrastructure industries output grows up by 6.6%

Output of the six core infrastructure industries grew by a healthy 6.6 per cent in December, 2010, an indicator that the Indian economy is on a firm wicket. The data released by the Industry Ministry on Monday revealed that the six core sectors -- crude oil, petroleum refinery products, coal, electr...