US and European stock markets suffer sharp losses; China's Shanghai Composite opens 6 % lower

Sensex 361 points down at 25,380 amid volatile trade

Sensex at Bombay Stock Exchange was trading 361 points down at 25,380 a short while ago amid volatile trade. After its record fall yesterday, the Sensex opened strong this morning and soared 383 points within minutes but a sharp bout of volatility soon engulfed the markets in the morning trade. In a...

Rupee recovers by 26 paise to 66.39 against dollar

The rupee recovered by 26 paise to 66.39 against the dollar at the Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters. Dealers said, weakening of dollar overseas and gains in stock markets also helped rupee strengthen against the dollar.The rup...

Sensex opens strong, soars 383 points

After its record fall yesterday, the Sensex opened strong this morning and soared 383 points within minutes but a sharp bout of volatility soon engulfed the markets in the morning trade. In a see-saw trade, the index slipped into the negative territory but recovered and was up 120 points at 25,862 p...

US Crude oil falls below $40 a barrel for first time since 2009

Crude oil prices in US sank below 40 dollars a barrel for first time since 2009 on worries about China's weakening economy. US benchmark West Texas Intermediate for October delivery dropped by 2.21 dollars to 38.24 dollars a barrel on the New York Mercantile Exchange.Brent North Sea crude f...

US Crude oil sank below $40 a barrel for first time since 2009

Crude oil prices in US sank below 40 dollars a barrel for first time since 2009 on worries about China's weakening economy. US benchmark West Texas Intermediate for October delivery dropped by 2.21 dollars to 38.24 dollars a barrel on the New York Mercantile Exchange.Brent North Sea crude f...

Govt fixes target of loan disbursement of over Rs 1.22 lakh cr under PMMY

Government has fixed a target of loan disbursement of over 1.22 lakh crore rupees under the Pradhan Mantri MUDRA Yojana, PMMY to small business units during the current fiscal.A Finance Ministry statement said that the banking sector has been allocated an overall disbursement target of 1 lakh 22 tho...

US economy resilient to withstand economic crisis in China: WH

United States has said that the American economy is resilient and durable enough to withstand the challenge posed by the ongoing economic crisis in China. At his daily news conference, White House Press Secretary Josh Earnest asked Beijing to move towards a transparent economy and a market-based cur...

US Crude oil prices sank below $40 a barrel for first time since 2009

Crude oil prices in US sank below 40 dollars a barrel for first time since 2009 on worries about China's weakening economy. US benchmark West Texas Intermediate for October delivery dropped by 2.21 dollars to 38.24 dollars a barrel on the New York Mercantile Exchange.Brent North Sea crude f...

US and European stock markets suffer sharp decline