Business

January 6, 2011 7:37 PM

Sensex loses 116 points for the straight third day<br/>

Posting its third straight day of losses, the Sensex at the Bombay Stock Exchange dropped 116 points, or 0.6 percent, to 20,185, today, on continued selling by investors. The Nifty at the National Stock Exchange shed 32 points, or 0.5 percent, to 6,048. Stock markets in Japan, China, Hong Kong, Sout...

January 6, 2011 5:42 PM

Food inflation shoots up as vegetables, onion, milk prices soar

Food inflation shot up to nearly a year&apos;s high of 18.32 per cent on December 25, due to spurt in vegetables, onion and milk prices. The wholesale food inflation jumped by 3.88 percentage points from 14.44 per cent in the previous week ending December 18, 2010. A huge increase of over 82 per...

January 6, 2011 2:36 PM

Sensex fell over hundred points

Surrendering all its initial gains, the Sensex at the Bombay Stock Exchange, stood 135 points, or 0.7 percent in the red, at 20,167, in afternoon deals, a short while ago. Earlier, the Sensex had opened 125 points in the green, at 20,426, on fresh buying by investors.Stock markets in Japan, China, S...

January 6, 2011 2:18 PM

IMF expects Indian economy to grow by 8.8% during current financial year

The International Monetary Fund (IMF) expects Indian economy to grow by 8.8 per cent during the current financial year, up from 7.4 per cent a year ago, mainly driven by robust growth in farm sector and pick up in consumption.The multilateral lending agency, however, expressed concern over rising pr...

January 6, 2011 2:13 PM

Sensex fell over hundred points at mid-session

Surrendering all its initial gains, the Sensex at the Bombay Stock Exchange, stood 135 points, or 0.7 percent in the red, at 20,167, in afternoon deals, a short while ago. Earlier, the Sensex had opened 125 points in the green, at 20,426, on fresh buying by investors.Stock markets in Japan, China, S...

January 6, 2011 1:27 PM

Food inflation rises sharply to 18.32%

Soaring onion and other vegetables&apos; prices led to a sharp rise in inflation at 18.32 per cent for the week ended December 25. Food inflation jumped up by 3.88 percentage points from 14.44 per cent recorded in the previous reporting week. The rise in food inflation has been mainly on account...

January 6, 2011 1:00 PM

Sensex fell over hundred points at mid-session

Sensex fell by over hundred points at mid-session today, on profit booking and reports of a sharp rise in food inflation.Spiked by the news, the Sensex that had commenced the day with gains of 125 points, fell by 113 points to 20,189 level. The broad-based National Stock Exchange index Nifty also lo...

January 6, 2011 12:34 PM

Food inflation rises sharply to 18.32%

Soaring onion and other vegetables&apos; prices led to a sharp rise in inflation at 18.32 per cent for the week ended December 25. Food inflation jumped up by 3.88 percentage points from 14.44 per cent recorded in the previous reporting week. The rise in food inflation has been mainly on account...

January 6, 2011 12:02 PM

Sensex in red, down 84 points

The BSE benchmark Sensex which gained 125 points in the opening trade today is now trading in red. It is down by 84 points at 20217. Similarly, the broad-based National Stock Exchange index Nifty which moved up by 36 points is also down by 23 at 6057 points.Japan&apos;s Nikkei Index rose by 0.93...

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