BSE Sensex recovers

Sensex has recovered by 47 points to trade at 19548. It fell by nearly 33 points in the opening trade and was further down by 47 points later. The wide-based National stock Exchange, Nifty index which also slipped by 20 points in the opening trade is now up by 22 points at 5882.

RBI raises short-term lending and borrowing rate

The Reserve Bank today raised its key short-term lending rate by 25 basis points and borrowing rate by 50 basis points to check rising prices. The new rates, which comes into effect immediately, were announced as part of the first scheduled mid-quarterly review of the monetary policy. The hike in ra...

RBI raises reverse repo by 0.50 percentage points

Reserve Bank has raised short-term borrowing rate or reverse repo by 0.50 percentage points. It has also raised lending rate or repo rate by 0.25 percentage points.

BSE Sensex further falls by 55 points

Sensex fell by nearly 33 points in the opening trade is now down by 55 points at 19447.The fall comes after a seven-day gaining streak. The wide-based National Stock Exchange, Nifty index which also slipped by 17.40 points in the opening trade is bow up 62 points at 5858.

Real income of developing Asia can reach a whopping 13 trillion dollars in the next 10 years, if an investment of 8.3 trillion dollars is made to develop pan-Asian connectivity by transport, communication and energy. A study undertaken by the Asian Development Bank (ADB) along with Asian Development...

Rupee down by 4 paise against dollar in early trade

The rupee weakened by 4 paise to 46 rupees 39 paise against the US dollar in early trade. This follows firming up of dollar up against major world currencies.The rupee had gained 9 paise to close at a one-month high of 46 rupees 36 paise against the US dollar following a sharp surge in domestic equi...

BSE Sensex falls by 33 points in opening trade

Sensex fell by nearly 33 points in opening trade today after a seven-day gaining streak at 19,469. The wide-based National Stock Exchange, Nifty index also slipped by 17.40 points to 5,845. According to market analysts, oil and gas, IT and metal stocks were under pressure at prevailing levels. Reser...

Crude oil prices slip in Asian trade today

Crude prices slipped in Asian trade today. New York's main contract, light sweet crude for delivery in October fell 48 cents to USD 75.54 a barrel. Brent North Sea crude for November delivery retreated 27 cents to USD 79.15 in its first trading day.

WTO orders withdrawl of US subsidies from Boeing

The World Trade Organization (WTO) has ordered that more than 20 billion dollars in US government subsidies should be withdrawn from Boeing. According to agency reports, a confidential interim report released on Wednesday is said to back European complaints over 17 billion dollars in research contra...

Sensex reaches 32-month high of 19,502 points

Continuing its relentless rally for the seventh straight session, the Sensex at the Bombay Stock Exchange rose 155 points to hit a fresh 32-month high of 19,502 points today. The Sensex rose on healthy advance tax numbers, and sustained buying by foreign funds. The Nifty at the National Stock Exchan...