Business

November 18, 2009 4:18 PM

Sensex recovers early losses, regains 17K mark

Led by a fresh surge in IT shares, the benchmark Sensex recovered early losses and traded in the green at 1015 hours on Wednesday amid mixed Asian cues. The Bombay Stock Exchange 30-share barometer was quoted marginally higher by 18.33 points or 0.11 per cent at 17,068.98 at 1015 hours over its prev...

November 18, 2009 4:17 PM

Oil rises further in Asian trade

Oil climbed higher in Asian trade on Wednesday on expectations a widely monitored US report would show a drop in fuel stocks, analysts said. New York's main contract, light sweet crude for December delivery, gained 50 cents to USD 79.64 a barrel. Brent North Sea crude for January delivery p...

November 18, 2009 12:27 PM

Rise in Oil prices

Oil prices climbed higher in Asian trade on Wednesday. New York's main contract, light sweet crude for December delivery, gained 50 cents to 79.64 dollars a barrel. Brent North Sea crude for January delivery put on 73 cents to 79.70 dollars a barrel.

November 18, 2009 10:54 AM

Rupee inches higher by 8 paise against $

The rupee inched higher by 8 paise to 46.22 against the US dollar in early trade on Wednesday. However, dollar's gains against other major currencies were limited. At the Interbank Foreign Exchange (Forex) market, the local unit edged higher by 8 paise to 46.22 a dollar. The rupee ended 9 p...

November 18, 2009 10:48 AM

Sensex falls by 60 pts to trade below 17k level in opening trade

The Bombay Stock Exchange benchmark Sensex fell by about 60 points to trade below 17k level in opening trade on Wednesday after witnessing three-session winning streak. The Sensex slipped by 59.85 points to 16,990 points in opening trade. It had gained about 355 points in the past three sessions. Th...

November 18, 2009 10:45 AM

Govt. approves 17 FDI proposals worth Rs 1158 cr

The government has approved 17 foreign direct investment (FDI) proposals of 1,158 crore rupees in the country. Among the major proposals which were approved on Tuesday are the FDI applications of the world's largest steelmaker Arcelor Mittal with an FDI of Rs 503 crore rupees and ductile ir...

November 17, 2009 6:36 PM

Markets recover; regain 17K level

The stock market today ended flat after recovering from intra-day losses thanks to good buying interest in select IT, bank and auto stocks. The market traded below the 17,000 level for a major part of the session. The BSE barometer Sensex settled the day at 17,050, netting a gain of 18 points or 0.1...

November 17, 2009 6:27 PM

Govt. rules out import of wheat

The Government has ruled out import of wheat with sufficient stock but is looking at importing rice from Thailand and Vietnam , for the first time in 20 years to shore up supplies.Talking to mediapersons on the sidelines of a function in New Delhi today the commerce and industry minister Mr. Anand S...

November 17, 2009 4:43 PM

Market comes under pressure after breaching 17K mark

The stock market came under pressure after breaching the 17K mark on Monday and was marginally down 24 points at 1015 hours on Tuesday due to profit selling by investors amid sustained and heavy capital inflow into equity.Domestic investors preferred to book profits as the benchmark Sensex crossed t...

November 17, 2009 3:29 PM

Cement industry records growth of around 8% in last two fiscal

The Government said in spite of the recent global recession, the cement industry has a remarkable record growth of around 8% in last two fiscal years. Speaking at inaugural session of the Eleventh International Seminar on Cement and Building Materials in New Delhi on Tuesday, Minister of state for C...

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