The benchmark S&P BSE sensex trimmed initial losses and was down 29 points in late morning trade on selling in banking, IT and realty sector stocks on the back of weak Asian cues even as investors bought capital goods and consumer durable shares. The sensex opened at 20,913.79, compared with Friday’s close of 20,851.33, on […]
The Reserve Bank is likely to soon issue guidelines to allow banks to act as insurance brokers with a view to boost business and arrest decline in insurance penetration. Agencies quoting a senior central bank official said, the RBI is likely to finalise the norms by next week. The notification will be issued thereafter. Under […]
Union Commerce Minister Anand Sharma today said his ministry is in the process of preparing a Cabinet note on Foreign Direct Investment norms for railways and Construction. He said the Government is mulling to revisit the gold import norms keeping in view of the demand and supply. Last year, the government has relaxed foreign […]
Admitting government’s failure to contain inflation, Prime Minister Manmohan Singh on Friday said high prices have helped farmers and asserted the country was heading for better times. “…we have also not been as successful in controlling persistent inflation as we would have wished. This is primarily because food inflation has increased. However, we should remember […]
The Sensex at the Bombay Stock Exchange was trading 149 points up at 21,289 a short while ago. The 30-share index recovered by 48 points in early trade today to 21,189, on fresh buying by funds and retail investors, amid a firming Asian trend. The Nifty at the National Stock Exchange was also trading 43 […]
The Sensex at the Bombay Stock Exchange rallied 257 points, or 1.3 percent, to close at 20,792, today, on hopes that second quarter GDP growth will beat expectations. The Nifty at the National Stock Exchange rose 84 points, or 1.4 percent, to 6,176. Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended […]
The Sensex at the Bombay Stock Exchange lost 180 points, or 0.9 percent, to close at 20,425, today, on profit booking ahead of the derivatives expiry. The Nifty at the National Stock Exchange fell 56 points, or 0.9 percent, to 6,059. Stock markets in Japan, China and nSingapore ended lower between 0.1 percent and 0.7 […]
Snapping three days of losses, the Sensex at the Bombay Stock Exchange surged 388 points to close at 20,605 on Monday. The Sensex rose on fresh buying by foreign funds, amid lower crude oil prices after a historic deal between world powers and Iran on its nuclear programme. The Nifty at the National Stock Exchange […]
The rupee firmed up by 37 paise to 62 rupees, 50 paise against the dollar in late morning deals today on selling of dollars by banks and exporters on hopes of foreign capital inflows in view of a sharp recovery in the equity market. The rupee resumed higher at 62 rupees, 67 paise per dollar […]
A panel of ministers on disinvestment is to meet on Friday to decide on the price band for the disinvestment of Power Grid, which is expected to raise around 7,400 crore rupees at current stock price. The Power Grid issue is likely to remain open from December 3 to 5. The government will sell 18.51 […]