BUSINESS
Sensex up 106 pts on rise in foreign trade, auto sales
MUMBAI: The BSE benchmark index Sensex rose for the second straight session today, gaining 105.53 points at 18,608.81 on sustained buying in blue chips amid rise in foreign trade and domestic auto sales.
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Infra industries growth slows to 5.2 pc in April
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| NEW DELHI: Growth of infrastructure industries, which have a significant bearing on overall factory output, slowed to 5.2 per cent in April, with high inflation likely to have impacted the core sectors.
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Sensex shrugs off weak GDP data, jumps 271 points on global cues
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| MUMBAI: The BSE Sensex shot up 271 points to 18,503 on Tuesday, as investors shrugged off slow economic growth in the fourth quarter ended March and bought across the board on firm global cues, with all sectoral indices making gains. Realty, FMCG and banking stocks were in strong demand and all the 13 sectoral indices made sharp to moderate gains.
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Sensex opens 104 points higher
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| MUMBAI: The Bombay Stock Exchange benchmark Sensex recovered by over 104 points in opening trade today on emergence of selective buying by funds and retail investors amid a firming trend on other Asian bourses.
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Rupee gains 8 paise against dollar
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| MUMBAI: The rupee on Monday appreciated by eight paise to close at 45.08/09 against the US currency following a sustained sale of dollars amid renewed capital inflows despite weakness in equities.
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M&M to launch 8 new vehicles in FY2012
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| MUMBAI: Mahindra & Mahindra , India's largest utility vehicles maker, plans to launch eight new vehicles in the current financial year that started on April 1, its automotive president Pawan Goenka said on Monday.
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RCom Q4 net profit plunges 86% at Rs 168.6 crore
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| MUMBAI: Anil Ambani Group firm Reliance Communications' consolidated net profit plunged by over 86 per at Rs 168.6 crore for the January-March quarter this year, mainly due to fall in average revenue per user, compared to Rs 1,219.5 crore in the same period last year.
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Sensex rises 69 points in early trade
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| MUMBAI: A benchmark index for Indian equities markets today rose in early trade, beginning the week on a positive note. The 30-scrip sensitive Sensex of the Bombay Stock Exchange (BSE) which opened at 18,319.74 points, was ruling at 18,335.77 points, up 69.67 points or 0.38 percent from its previous close at 18,266.1 points.
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Court directs PNB to return Rs.1,000 crore securities to DLF
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| NEW DELHI: The Delhi High Court has directed the Punjab National Bank ( PNB) to return securities worth Rs.1,000 crore to DLF Limited and slapped a cost of Rs.20,000 on the bank for illegally withholding it.
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Lohia Auto to bid for acquiring Scooters India
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| NEW DELHI: Electric two-wheeler maker Lohia Auto today said it will be in the race to acquire beleaguered public sector firm, Scooters India in which the government has decided to offload its entire 95.38 per cent stake.
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Big CEO churn in the offing for India Inc: Experts
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| NEW DELHI: The current year has witnessed a lot of shuffling at leadership level positions of companies and going forward sectors such as technology, financial services, power and energy are likely to see some movements in the top brass, say experts.
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Air India to launch more flights to non-metro cities
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| NEW DELHI: With many non-metro cities demanding air connectivity, Air India is gearing itself to cash in on the opportunity by adding more aircraft to its fleet and introducing flights to these new destinations.
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India's cheapest car Nano enters Sri Lankan market
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| NEW DELHI: Tata Motors on Saturday said it has begun exporting Nano with the official launch of the small car in Sri Lanka, with a price tag starting at LKR 9.25 lakh (about Rs 3.80 lakh). "Sri Lanka has become the first international market for the Tata Nano, with the people's car being commercially launched in the country today,"
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Sensex surges 221 pts on global cues
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| MUMBAI: At the close, Sensex shot up 221 points to 18,266, making gains for the second day in a row after recent declines as investors bought heavyweights like Reliance Industries (RIL) stock, Infosys and ICICI at lower levels amid firm global cues. There was good buying on the first day of the June's derivative contracts in realty, banking, metals and refinery.
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Sensex jumps 197 pts on high cos earnings, firm global cues
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| MUMBAI: The Bombay Stock Exchange benchmark sensex on Thursday recovered from a nine-week low and surged 197 points on emergence of buying, spurred by higher profit earnings posted by blue chips amid a firming global trend. The 30-share index shot up by 197.40 points to 18,044.64, on the back of a rally in blue chip stocks Reliance
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Sensex ends above 18000
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| MUMBAI: Benchmarks ended on a firm foot as investors bought index heavy-weight stocks on the May series settlement day. Oil&gas and rate sensitives like realty and auto led the upmove while technology and FMCG space ended marginally lower. Bombay Stock Exchange's Sensex ended at 18051.12, up 203.88 points or 1.14 per cent. The 30-share index hit a high of 18072.61 and low of 17862.88 in trade so far.
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Sensex gains in opening trade
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| MUMBAI: The Bombay Stock Exchange benchmark Sensex rose by over 137 points in opening trade on Thursday on fresh buying by funds and retail investors in select stocks amid a firming trend on other Asian bourses.
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China's rich help private jet market take flight
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| HONG KONG: China's private jet market is cleared for take-off. The country's soaring economy is creating a class of wealthy entrepreneurs who have plenty of money to spend on one of the ultimate symbols of success: the executive jet.
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Axis Communications targets 50 pc growth in India
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| MUMBAI: Axis Communications, maker of network digital video surveillance cameras, today said it aims to achieve 50 per cent growth year-on-year in the country.
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Addressing supply side issues must for taming inflation:RBI
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| MUMBAI: Seeking cooperation of states in containing price rise, the RBI has said efforts are needed to improve farm productivity, develop rural infrastructure and revamp PDS to address supply side issues and contain inflation.
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Nifty ends at 5350; DLF, BPCL, L&T, IDFC, SBI down
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| MUMBAI: Indian markets ended in the negative territory as traders squared off positions ahead of May series expiry. Weak cues from global markets also hurt sentiments.
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Sensex in red; realty, tech, capital goods down
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| MUMBAI: Benchmarks slipped lower in the negative territory as traders resorted to profit booking ahead of May series expiry. Most of the sectoral indices were in the red with realty, technology and capital goods space the worst hit.
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Sensex ends nearly flat, regains 18K level
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| MUMBAI: In a narrow but volatile movements, the benchmark sensex closed nearly flat with upward bias, regaining 18K-level on short coverings in recently battered some of the capital goods and banking counters just two days ahead of the expiry of May contracts, despite positive Asian and European cues.
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Sensex dips below 18k mark; down 333 points on global cues
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| MUMBAI: The BSE sensex on Monday sank below the 18k-mark to 17,993, lowest level in 2-months, losing 333 points as funds sold heavyweights on persisting concerns over inflation and high interest rates amid weak global cues on deepening euro-zone debt troubles.
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'Inflation concern to stay; RBI may up rates by 75 bps'
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| NEW DELHI: Global banking giant Goldman Sachs has said it expects inflation to remain high this summer and the Reserve Bank is likely to further hike interest rates by 75 basis points or more this calender year. "The April print and the February revision confirms our view that inflation will remain uncomfortably high for the RBI through the summer.
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Sensex down by 205 pts despite fag-end recovery
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| MUMBAI: Despite hectic short-coverings on the last day of the week ahead of the expiry of May contract coupled with strong results from Larsen and Toubro, the benchmark Sensex fell by 205 points to finish at 18,326.09. Sustained selling by foreign funds and fears of high interest rates which may affect corporate profitability mainly affected the market sentiments.
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Gold rises further to Rs 22,670; silver slips Rs 900
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| NEW DELHI: Gold extended gains by adding Rs 300 to Rs 22,670 per 10 grams today on sustained buying by retailers to meet the ongoing marriage season demand amid a firming global trend.
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Sensex closes 185 pts up, L&T leads the gains
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| MUMBAI: The BSE benchmark Sensex on Friday surged nearly 185 points at 18,326.09, with blue-chip L&T leading the rally on the back of handsome earnings, amid easing inflation, and falling commodity prices and rise in global markets.
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Demand for petrol cars may be hit on high fuel price
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| NEW DELHI: Petrol car sales could be headed for a slowdown as the rising price of the fuel will push more and more buyers towards diesel or other options like CNG.
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Sensex snaps three-day losing streak, closes 55 points higher
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| MUMBAI: Led by Larsen & Toubro, Reliance Industries and Infosys, the BSE benchmark Sensex snapped a three-day losing streak to close over 55 points higher on Thursday amid a decline in food inflation. The 30-share Bombay Stock Exchange barometer, which lost 445 points in the previous three trading sessions, rose by 55.20 points to 18,141.40. |
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