News related to Markets

Rupee at 5-month low, down 47 paise against dollar

Wed, 16 May 2012 05:00:04 GMT

The rupee today fell five-month low by losing 47 paise to 54.26 against the US dollar on the Interbank Foreign Exchange market in early trade on increased capital outflows amid strong demand for the American currency.

Sensex tanks 252 points in early trade

Wed, 16 May 2012 04:16:45 GMT

The BSE benchmark Sensex fell sharply by over 252 points in the opening trade today on fresh selling by foreign funds and retail investors, taking cues from weak Asian markets.

Oil PSUs cry for help to absorb Rs. shock

Tue, 15 May 2012 17:28:27 GMT

The continuous fall in the value of the rupee has worried the petroleum ministry that has sought immediate intervention from the Prime Minister’s Office (PMO). Anupama Airy reports. 'Raise those prices, now!'

Falling rupee, rising tensions

Tue, 15 May 2012 16:05:25 GMT

The rupee closed at a record low of 53.97 to the US dollar on Monday, hammered by global economic concerns, rising domestic prices and falling expectations on interest rate cuts. A look at what it is and could do.

Sensex closes 112 pts up; snaps 5-day losing streak

Tue, 15 May 2012 04:42:02 GMT

Snapping a five-day losing streak, the BSE benchmark Sensex today bounced back from its 4-month lows and closed 112.41 points higher led by capital goods, metal and IT stocks after higher trends in European markets.

Private equity investors in a fix as returns sag

Mon, 14 May 2012 16:17:52 GMT

Industry experts say PE funds in India have witnessed a fall in the cash they return to investors, specifically in the past one year.

L&T Q4 net rises 14% on overseas biz

Mon, 14 May 2012 15:25:03 GMT

Beating Street expectations, engineering and construction major Larsen & Toubro on Monday reported a 14% year-on-year (y-o-y) growth in net profit during the January-March quarter at Rs 1,920 crore and a 21% y-o-y growth in net revenue at Rs 18,461 crore on the back of steady growth in overseas businesses amid a strong order book.

Sensex falls on inflation concern; RIL, banks take a hit

Mon, 14 May 2012 04:12:44 GMT

Falling for the fifth day in a row, the BSE benchmark Sensex today dipped by 77 points on profit selling by funds in bluechips following spurt in inflation.

Rupee hits outbound travel

Sun, 13 May 2012 17:55:10 GMT

Debashish Ray, 29, a software professional working in a Mumbai based start-up, who had decided to go backpacking to Spain with three other friends — inspired by a Bollywood flick — has all but shelved his plans for the trip.

After weak IIP, markets look to inflation data

Sun, 13 May 2012 06:08:56 GMT

Investors are looking forward to the government's inflation data for April this Monday to lift sagging market sentiments in the wake of disappointing IIP data for March that has renewed concerns over fundamental weakness in the economy, analysts have said.

Sinking rupee catches govt, RBI offguard...

Sun, 13 May 2012 04:38:37 GMT

In a highly volatile trade, the rupee this week ended lower by 16 paise at 53.63/64 against the US unit, and remained sluggish for the sixth straight week.

Sensex, Nifty show weekly loss over 3% on selling

Sat, 12 May 2012 10:29:19 GMT

With this week's fall, the market completed straight three weeks of losing string. The BSE benchmark Sensex collapsed by 1,080.86 points, or 6.22%, and the Nifty by 361.95, or 6.84%.

Sony shares slide 7% to 32-yr low, results disappoint

Fri, 11 May 2012 06:44:19 GMT

Sony Corp shed more than 7% to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.

March industrial output shrinks, slowdown looms

Fri, 11 May 2012 06:34:50 GMT

India’s factory output contracted by 3.5% (-) in March, the worst in five months, as corporations, squeezed by rising borrowing and input costs and sliding profits, hold back capacity expansions hurting jobs and investors alike. HT reports. Westerlies hit India

Rupee down 12 paise against dollar in morning trade

Fri, 11 May 2012 05:34:36 GMT

The rupee depreciated by 12 paise to Rs 53.54 against the American currency in early trade today on the Interbank Foreign Exchange, weighed down by dollar's gains against euro and Asian currencies overseas.

After rupee, weak IIP plagues mkts; Sensex takes 127 point hit

Fri, 11 May 2012 04:56:28 GMT

A disappointing 3.5% decline in factory output in March saw BSE benchmark Sensex shedding 127 points -- its fall for the fourth consecutive day -- to register the biggest weekly loss of 3.2% in 2012.

Rupee gains 60 paise vs dollar in early trade on RBI measures

Thu, 10 May 2012 05:18:09 GMT

The rupee today recovered by a hefty 60 paise to 53.24 against the US dollar in early trade on the Interbank Foreign Exchange market after the RBI tightened norms for utilisation of the foreign currency fixed deposit funds to check outflow of forex.

Sensex declines nearly 60 pts; auto and metal stocks drag mkts

Thu, 10 May 2012 04:45:44 GMT

Erasing initial gains, the BSE benchmark Sensex today fell for the third straight day as it lost nearly 60 points with auto and metal stocks leading the fall amid a weakening global trend.

Rupee tumbles by 52 paise vs dollar in late morning trade

Wed, 09 May 2012 06:27:39 GMT

The rupee tumbled by 52 paise to 53.64 against the American currency in the late morning trade on persistent dollar demand from banks and importers in view of higher dollar in the overseas market.

Sensex sheds 67 points to close at four-month low

Wed, 09 May 2012 04:21:44 GMT

Falling for the second straight day, the BSE benchmark Sensex today fell by nearly 67 points to close at a fresh four-month low on heavy funds outflow amid weak global trends.

Hindalco net dips 9.6% to Rs. 708 cr

Tue, 08 May 2012 16:58:19 GMT

Aditya Birla Group's flagship company Hindalco Industries' net profit for fourth quarter of financial year 2011-12 fell 9.6% to Rs. 708 crore against the year-ago period on weak prices for its main product aluminum and high raw material cost. HT reports.

Sensex nosedives 367 pts on RBI rate comment, euro zone

Tue, 08 May 2012 05:12:22 GMT

The Sensex of the BSE on Tuesday shed 367 points or 2.18% to touch 16,546.18 points following RBI's weak outlook on further interest rate reduction, combined with worries about the euro zone crisis worsening, and speculation of a diesel price increase.

The markets are down, so Buffett is shopping for stocks

Mon, 07 May 2012 16:49:59 GMT

Berkshire Hathaway Inc is adding to its shareholdings of two US companies amid a market dip, billionaire investor Warren Buffett said on Monday.

FM defers GAAR by a year pulls Sensex from Sarko shock

Mon, 07 May 2012 04:42:57 GMT

The benchmark Sensex on Monday reversed early morning's steep losses to end higher by 82 points, or 0.5%, at 16,912 points on last-hour buying after investors cheered finance minister Pranab Mukherjee's announcement deferring the controversial GAAR (General Anti-Avoidance Rules).

Top 7 Sensex firms lose over Rs 45K cr in m-cap

Sun, 06 May 2012 07:42:15 GMT

The combined market capitalisation (m-cap) of top seven Sensex companies declined Rs 45,013 crore last week, led by state-owned Coal India which saw the biggest drop in value.