Infosys Q2 net flat at Rs. 2407 crore; shares rally on strong sales

Infosys Q2 net flat at Rs. 2407 crore; shares rally on strong sales

Infosys lagged profit estimates for the July to September quarter, but sales topped estimates. Infosys shares rallied as much as 7.5 per cent in opening trade after the company upped the lower end of its annual sales guidance, indicating rising confidence at India’s second largest outsourcer. Infosys said net profit for the second quarter rose […]

Gold futures hit record high of Rs. 34,500 per 10 gram

Gold futures hit record high of Rs. 34,500 per 10 gram

Continuing its rising streak, gold prices climbed to Rs. 34,500 per 10 gram level for the first time ever in futures trade today as the rupee tumbled to hit an all-time low of Rs. 68.75 amid a firming trend overseas.At the Multi Commodity Exchange, gold for delivery in October went up by Rs. 780 to […]

Rupee strengthens by 11 paise against Dollar

Rupee strengthens by 11 paise against Dollar

The Rupee surrendered some of its early gains but is trading up by 11 paise to 64.44. This follows selling of the US currency by banks and exporters amid recovery in the equity markets. The rupee resumed 25 paise higher at 64.30 rupees per dollar against the yesterday’s closing level of 64.55 rupees. Forex dealers […]

Rupee recovers after hitting record low at 65.56 per dollar

Rupee recovers after hitting record low at 65.56 per dollar

The rupee fell past 65 to the dollar to a record low on Thursday, after Federal Reserve minutes hinted that the U.S. was on course to begin tapering stimulus as early as next month and as foreign investors become sellers of Indian stocks.In an ominous sign for Asia’s worst-performing currency this year, overseas investors who […]

Sensex up 134 points in afternoon trade

Sensex up 134 points in afternoon trade

The Sensex which jumped 321 points in early trade lost its gains marginally and it was trading up by 134 points at 18,380 a short while ago. The index had lost over 1,121 points in the previous three sessions. Wide-based National Stock Exchange index Nifty recovered 50 points to 5,452. Meanwhile, in other Asian markets, […]

Rupee tumbles 98 paise to record low of 64.11 against Dollar

Rupee tumbles 98 paise to record low of 64.11 against Dollar

The rupee today breached the 64-mark against the dollar by falling 98 paise to trade at record low of 64.11 on persistent dollar demand and a weak opening in the domestic equity market. At the Interbank Foreign Exchange or Forex market, the local currency opened sharply lower at 63.75 a dollar from itsprevious close of […]

Rupee drops to record low of Rs 62.45 per dollar

Rupee drops to record low of Rs 62.45 per dollar

The rupee dropped to a record low of 62 rupees 45 paise per dollar in late morning trade today on persistent demand for the US currency from banks and importers. A firm US currency in the overseas market also affected the rupee against the dollar. Earlier, the rupee resumed lower at 62 rupees 30 paise […]

Sensex down by 215 points in noon trade

Sensex down by 215 points in noon trade

Sensex at the Bombay Stock Exchange tumbled by 215 points to 18382 in late morning trade today on persistent selling pressure in banking, capital goods, auto, PSU and realty sectors. Earlier, the BSE benchmark plunged by nearly 222 points, to around 18,376 in opening trade

Gold whizzes past Rs 31,000 level on heavy buying

Gold whizzes past Rs 31,000 level on heavy buying

Gold continued its ascent and today reclaimed the psychologically important Rs 31,000 per 10 gram mark at the domestic bullion hub on steady wave of speculative and stockists’ buying frenzy amid strong global sentiment.Significant increase in jewellery and investment demand against the backdrop of sliding rupee value also helped prices surge.The precious metal has been […]

Gold price surges to Rs 23,040 per sovereign

Gold price surges to Rs 23,040 per sovereign

Kochi: The gold price on Saturday surged to Rs 23,040, up by Rs 400, for a sovereign. A gram of gold is now at Rs 2,880. The hike in the price of gold in the global economy and the practice of merchants hoarding gold as an investment has caused the rise.