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Indian Rupee Falls To New Low, Sensex Drops 1 Percent

Tue, 22 May 2012 08:10:52 EDT

Bombay Stock Exchange's benchmark Sensex fell Tuesday by more than 145 points, or 1 percent, as the rupee tumbled to a record low of 55.39 against the dollar.

BSE Sensex Up, Rupee Hits Record Low

Mon, 21 May 2012 09:16:19 EDT

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks.

Indian Rupee Falls To Record Low Of 55 Against Dollar

Mon, 21 May 2012 08:29:21 EDT

The Indian rupee Monday touched a record low of 55 against the dollar because of the strong demand for dollar from importers, weak global cues and delay over policy reforms from the government.

Collusion Discovered Between Central Drugs Standard Control Organization (CDSCO), Pharma Firms

Thu, 10 May 2012 10:39:40 EDT

Officials of India's drug regulator have been colluding with pharmaceutical firms to speed up approval procedures, allowing some drugs that are not permitted in other countries to go on sale, according to an 18-month investigation by lawmakers.

Indian Shares Close Down, Gold Hits Four Month Low, Eurozone Crisis Weighs

Wed, 09 May 2012 09:51:41 EDT

Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows. The BSE bench mark 30 share index lost 66.60 points to reach 16,479.59, dragged down by sharp declines in Reliance industry and banking stocks. Reliance Industries dropped for the sixth day by losing 1.91 per cent to Rs 695.

Indian Shares Rise On Expectations Of Good Q4 Earnings By ICICI, Axis Bank

Fri, 27 Apr 2012 03:20:03 EDT

Indian stock markets gained Friday as shares of ICICI Bank and Axis Bank rallied ahead on expectations of good quarter four earnings.

Temasek buys 1.4 billion pounds of ICBC shares from Goldman

Sun, 15 Apr 2012 23:49:02 EDT

Temasek Holdings added a sizeable China bank stake to its financial institutions portfolio, scooping up a 5.3 percent chunk of ICBC's <1398.HK> Hong Kong-listed shares from seller Goldman Sachs .

BSE Sensex Falls Ahead of Long Weekend

Wed, 04 Apr 2012 03:27:05 EDT

The BSE Sensex fell by 0.45 percent in the opening trade on Wednesday because of the long weekend ahead. Traders are precautious, as the market will be closed on Thursday and Friday for holidays.

BSE Sensex Closes 2-weeks High; Lenders Anticipate Rate Cut

Tue, 03 Apr 2012 09:36:51 EDT

The BSE Sensex was up by 0.68 percent on Tuesday, its highest close in two weeks. Heavy Electricals (BHEL) gained after posting positive provisional earnings and lenders also expect the Reserve Bank of India (RBI) to cut rate this month.

BSE Sensex Closes 1 Percent Down; Banks Lead Fall

Wed, 28 Mar 2012 09:18:14 EDT

The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing.

BSE Sensex Up By 1 Percent; Software Service Exporters Gain

Fri, 23 Mar 2012 09:53:34 EDT

After falling by over 2 percent in the previous session, the BSE Sensex rose by 1 percent on Friday.

BSE Sensex Closes on a Good Note; Up by 1.65 Percent

Wed, 21 Mar 2012 08:39:33 EDT

The BSE Sensex closed up by 1.65 Percent on Wednesday, its second straight rise. Software companies and financial institutions gained on renewed growth hopes.

India Inc Welcomes Union Budget 2012-2013

Fri, 16 Mar 2012 09:54:43 EDT

Leading business bodies and industrialists in the country welcomed the Union Budget 2012-2013 presented by the Union Finance Minister Pranab Mukherjee, Lok Sabha Friday.

Indian Stocks Surge on Global Cues

Fri, 09 Mar 2012 06:31:59 EST

Indian stock markets surged Friday as sentiment was buoyed by the positive news of Greek PSI debt swap.

BSE Sensex Rises in Choppy Trade; Infosys Leads

Tue, 06 Mar 2012 01:51:05 EST

The BSE Sensex rose 1.7 percent on Tuesday as bargain hunting emerged after falling in the past two weeks, but trading was choppy and analysts were wary about sustaining the gains on doubts about the government's ability to push reforms.

BSE Sensex Falls by 1 Percent, Banks Lead Losses

Mon, 05 Mar 2012 04:16:49 EST

The BSE Sensex fell more than 1 percent on Monday on worries a lower-than-expected showing by the Congress party in the Uttar Pradesh elections would make it difficult for the government to revive stalled reforms.

BSE Sensex Up by 1 Percent; ONGC Rallies

Wed, 29 Feb 2012 02:34:16 EST

The BSE Sensex rose more than 1 percent on Wednesday, with state-run Oil and Natural Gas Corp (ONGC) among the big gainers ahead of a government share sale in the company to raise at least $2.5 billion.

BSE Sensex Rises again after Falling 5.3 Percent

Tue, 28 Feb 2012 01:56:35 EST

The BSE Sensex rose more than 1 percent on Tuesday as investors scooped up bargains, after the market fell 5.3 percent over four sessions.

BSE Sensex Falls by 1 Percent on Fear of Inflation

Mon, 27 Feb 2012 02:16:23 EST

The BSE Sensex fell more than 1 percent on Monday, extending last week's 2 percent decline, as high global oil prices revived concerns about inflation in the country that imports about 80 percent of its oil consumption.

BSE Sensex Down by 0.9 Percent; First Weekly Fall in 8 Weeks

Fri, 24 Feb 2012 03:44:22 EST

The BSE Sensex was down 0.9 percent on Friday, heading for its first weekly fall in eight weeks, as investors took profits on concerns about rising global oil prices and the country's widening fiscal deficit.

BSE Sensex Falls for Second Day

Thu, 23 Feb 2012 11:17:36 EST

The BSE Sensex fell for a second consecutive day on Thursday as investors took profits on expiry of monthly derivatives amid concerns about high oil prices.

BSE Sensex Closes 1.54 Percent Lower; Banks Hit Hard

Wed, 22 Feb 2012 06:15:36 EST

The BSE Sensex closed 1.54 percent lower, after a firm start on Wednesday, with banks and index heavyweight Reliance Industries (RELI.NS) leading the losses.

BSE Launches Greenex, India's First Energy Efficient Index

Wed, 22 Feb 2012 04:09:04 EST

The Bombay Stock Exchange launched India's first carbon efficient index on Wednesday, aiming to provide a benchmark for socially aware investors. The 20-share BSE-GREENEX includes some of India's leading companies such as Tata Motors, ICICI Bank etc.

Top After Market NYSE Gainers (ODP, HLF, MOS, QIHU, COG, KRA, LZB, BZH, SFL, IBN)

Wed, 22 Feb 2012 03:40:12 EST

The top aftermarket NYSE gainers Tuesday were: Office Depot, Herbalife, Mosaic, Qihoo 360 Technology, Cabot Oil & Gas Corp, Kraton Performance Polymers, La-Z-Boy, Beazer Homes USA, Beazer Homes USA, Ship Finance International and ICICI Bank Ltd.

HSBC in 4B Pound SME Trade Financing Boost

Mon, 20 Feb 2012 21:14:04 EST

HSBC, bucking the trend among some European banks, is increasing its exposure to trade finance by making 4 billion pounds of credit available to small and medium-sized enterprises that trade, or are planning to trade, internationally.

BSE Sensex Eases after 3-day Rally; Sun Pharma down

Thu, 16 Feb 2012 03:11:07 EST

The BSE Sensex eased on Thursday after a 3-day rally as investor mood was dampened by another delay in sealing a bailout for debt-stricken Greece, which could slow down portfolio inflows.

BSE Sensex Up by 1.5 Percent, Breaches 18,000

Wed, 15 Feb 2012 02:49:54 EST

The BSE Sensex rose 1.5 percent on Wednesday, led by gains in Tata Motors after it reported a better-than-expected quarterly profit, with signs of easing inflation sending stocks of automakers and banks higher.

BSE Sensex Closes 0.4 Persent Up, 6-month High

Tue, 14 Feb 2012 06:40:54 EST

The BSE Sensex rose 0.4 percent on Tuesday to its highest close in more than six months, helped by a late bout of short-covering, although investors remained cautious after a recent rally in the market.

Indian inflation eases to 26-month low in Jan

Tue, 14 Feb 2012 04:00:11 EST

India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, increasing the pressure on the central bank to cut rates to battle the country's economic slowdown.

SBI Q3 Beats Forecast, but Bad Loans Rise

Mon, 13 Feb 2012 08:44:28 EST

The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.

BSE Sensex Closes 24.15 Points Up on Hopes of Greek Austerity Deal

Mon, 13 Feb 2012 06:27:35 EST

The BSE Sensex edged 0.14 percent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. Hopes of Greek austerity deal boosted the market.

BSE Sensex Closes Down by 0.5 Percent on Slow Industrial Output

Fri, 10 Feb 2012 06:37:28 EST

The BSE Sensex closed down 0.46 percent on Friday, reversing early gains, after data showed the country's industrial output in December slowed sharply and Morgan Stanley cut its allocation for emerging market stocks.

BSE Sensex Closes the Day on a High Note; Software Stocks Up

Wed, 08 Feb 2012 08:24:06 EST

The BSE Sensex ended 0.5 percent higher on Wednesday, helped by a rally in software stocks including Tata Consultancy Services (TCS.NS) and Infosys Technologies (INFY.NS) and gains in index heavyweight Reliance Industries.

Indian Stocks Extend Gains Despite Greek Uncertainty

Wed, 08 Feb 2012 05:28:59 EST

Indian stock markets opened on a positive note and continued to trade in the green on Wednesday supported by a bit of positive Asian cues, in spite of the uncertainty surrounding the Greek debt deal.

BSE Sensex Up by 0.7 Percent; Bharti Airtel Slumps

Wed, 08 Feb 2012 01:54:55 EST

The BSE Sensex climbed 0.7 percent on Wednesday, led by energy conglomerate Reliance Industries and software services exporters Infosys and Tata Consultancy Services.

BSE Sensex Rises for Fifth Straight Session

Mon, 06 Feb 2012 09:39:13 EST

The BSE Sensex rose for the fifth straight session on Monday, ending 0.58 percent higher, after last week's robust U.S. jobs data helped improve risk appetite, but the rally in the local market is expected to take a breather soon.

Rupee Hits 3-month High

Thu, 02 Feb 2012 14:01:28 EST

The rupee hit a three-month high on Thursday, encouraged by gains in domestic equities, and after manufacturing data in China and Germany boosted investor appetite in high-yielding emerging market assets.

BSE Sensex Posts Highest Close in 12 Weeks; Metals, Autos Gain

Wed, 01 Feb 2012 07:45:13 EST

The BSE Sensex rebounded in late trade on Wednesday to post its highest close in 12 weeks, as metal producers and auto makers jumped, although investors were doubtful the rally could be sustained after a rise of nearly 12 percent so far this year.

BSE Sensex Up Percent; Posts Best January Rise in 18 Years

Tue, 31 Jan 2012 15:57:11 EST

The BSE Sensex posted its best January rise since 1994, after gaining about 2 percent on Tuesday, as foreign fund inflows showed signs of a revival and investors bet on a monetary easing.

BSE Sensex Up by 1 Percent; SBI, Tata Global Jump

Tue, 31 Jan 2012 01:49:48 EST

The BSE Sensex rose more than 1 percent on Tuesday morning, led by gains in index heavyweights Reliance Industries (RELI.NS) and ICICI Bank (ICBK.NS), and were poised for their best month in at least ten.

Sensex Falls After Six-Session Rally

Mon, 30 Jan 2012 05:31:35 EST

The BSE Sensex snapped a six-session rally early on Monday as some investors booked profits after the main index rose more than 11 percent this month.

BSE Sensex Poses Highest Close; Up by 1.5 Percent

Tue, 24 Jan 2012 06:50:52 EST

The BSE Sensex rose 1.46 percent on Tuesday to its highest close in 10 weeks, after the Reserve Bank of India signalled a policy shift towards reviving growth, boosting appetite for stocks in Asia's third largest economy.

BSE Sensex Inches Higher; RIL, Metals Fall

Mon, 23 Jan 2012 08:52:44 EST

The BSE Sensex rose for a third straight session, inching up 0.08 percent on Monday, helped by financials while a decline in Reliance Industries (RELI.NS), which reported its first quarterly profit fall in two years, capped the index gains.

BSE Sensex Witnesses Highest Close in 6 Weeks

Fri, 20 Jan 2012 08:58:21 EST

The BSE Sensex rose 0.57 percent on Friday to its highest close in six weeks, as appetite was bolstered by strong results from software services exporter Wipro (WIPR.NS) and the country's No. 3 private lender Axis Bank (AXBK.NS).

BSE Sensex Continues to Rise; Wipro, ICICI Bank Rally

Fri, 20 Jan 2012 01:13:54 EST

The BSE Sensex climbed on Friday, led by ICICI Bank and software services exporter Wipro, on expectations for improving outlook for the domestic and world economy and rising foreign portfolio investments.

India inflation slowest in 2 years as food pressure eases

Mon, 16 Jan 2012 05:21:05 EST

India's headline inflation slowed in December to a two-year low as food price pressure eased dramatically, but the central bank is expected to leave interest rates on hold next week as manufactured products inflation edged up from November.

BSE Sensex Posts Highest Weekly Close in 5 Weeks; Gains 117 Points

Fri, 13 Jan 2012 07:00:55 EST

The BSE Sensex rose to its highest weekly close in five weeks on hopes renewed policy reforms by the government and easing inflation.

BSE Sensex Up on Hope of Foreign Fund Inflows

Fri, 13 Jan 2012 03:58:28 EST

The BSE Sensex rose on Friday on hopes of improving global risk appetite will boost foreign fund inflows, while an expected easing in inflation pressures could allow the RBI to unwind its tight monetary policy.

BSE Sensex Closes Little Changed in Cautious and Choppy Trading

Wed, 11 Jan 2012 08:07:42 EST

The BSE Sensex closed little changed in cautious and choppy trading ahead of industrial output data due on Thursday and quarterly results that are expected to show a slowdown in earnings growth.

Sensex Rises in Choppy Trade; Retailers Gain

Wed, 11 Jan 2012 03:01:24 EST

The BSE Sensex rose on Wednesday but trading was choppy with investors cautious ahead of quarterly results that are expected to mostly show slower earnings growth.