Volatility of Rupee needs to be maintained: Chakraborty

The Reserve Bank Deputy Governor Mr. K.C. Chakrabarty on Wednesday said that the apex bank was concerned about the volatility of the Rupee and not the appreciation or depreciation of it. The Deputy Governor of RBI told reporters on the sidelines of a MSME Knowledge conclave organized by the ICICI Ba...

GDP to grow above 6.3 percent: Montek

The Planning Commission says, the economy may grow at a rate higher than 6.3 per cent projected earlier as it sees drought having lesser impact on agriculture. Planning Commission Deputy Chairman Montek Singh Ahluwalia said that the commission had earlier projected a 2.5 per cent fall in the farm ou...

Sensex falls by 152 points

Paring its early gains, the Bombay Stock Exchange benchmark Sensex today declined by 152 points.The 30-share index, which had gained 162 points during the day, closed at 16,806.66 points, a loss of 151.88 points over last close. The wide-based National Stock Exchange index Nifty lost 41.65 points at...

Sensex tumbles by over 98 pts

Erasing early gains, the Bombay Stock Exchange benchmark Sensex tumbled by over 98 points at mid-session on Wednesday on emergence of selling by funds in stocks led by information technology segment after the rupee rose to the highest in more than a year. The Sensex, which rose by 162 points at the ...

Sensex shot up by over 162 pts

Rupee strengthens by another 5 paise against $

Continuing its rally for the fourth straight day, the Indian rupee strengthened by another 5 paise to hit four-month high of 46.83 in opening trade Wednesday. The Indian rupee ended 63 paise higher at 46.89 against the US currency on heavy dollar selling on Tuesday by corporates and exporters prompt...

Reversing early losses, the Sensex at the Bombay Stock Exchange closed 92 points, or 0.6 percent higher, at 16,959, today. The Nifty at the National Stock Exchange rose 24 points, or 0.5 per cent, to 5,027.Stock markets in Japan, Hong Kong, and Singapore rose between 0.2 percent and 2 percent, after...

Firm global markets and buying at lower levels helped Indian markets to close higher after trading in red all day. The markets staged a V-shaped recovery in the late afternoon, led by buying on the FMCG, metal and banking stocks. The 50-share National Stock Exchange Nifty recovered 106 points from d...

Reversing early gains, markets trade weak in noon

Reversing early gains, Indian markets were weak in noon trade. The Bombay Stock Exchange benchmark Sensex which opened 112 points higher this morning, was down by 123.45 points at 17742.46 in afternoon trade. The Nifty which opened 30.70 points higher in morning trade was down by 40.65 at 4962.55 po...

Sensex gains 112 pts in opening trade

The Bombay Stock Exchange benchmark Sensex, rose by over 112 points in opening trade today as foreign funds pumped in fresh funds after firming global trends. The 30-share index rose by 112.65 points to 16,979.06 with metal, IT and FMCG sector stocks leading the gains. Sensex had lost 268.14 points ...