Thursday, February 3, 2011

Sensex down 58 points on profit-taking

Sensex down 58 points on profit-taking


Sensex down 58 points on profit-taking

Posted: 03 Feb 2011 08:21 PM PST

Snapping a two-day rising trend, the Bombay Stock Exchange benchmark Sensex fell by over 58 points in early trade on Friday on profit-taking.


Sensex gains 359 pts, realty leads rally

Posted: 03 Feb 2011 05:16 PM PST

Bargain-hunting and short-covering lifted the sensex 359 points to 18,449 on Thursday, with real estate, capital goods and metals leading the rally.


US FDA asks cos to cap paracetamol dose

Posted: 03 Feb 2011 04:41 PM PST

Patients who have liver and heart ailments should pop the commonly-used pill paracetamol with caution.


Gulf carriers take on desi budget airlines

Posted: 03 Feb 2011 04:35 PM PST

As more Indian budget carriers get ready to fly overseas from this year, especially to Gulf, international full service airlines are gearing up to meet their challenge.


Infra fin cos to raise 5k cr via bonds

Posted: 03 Feb 2011 04:29 PM PST

With the fiscal year drawing to a close, financial institutions are rushing in with bonds that will help you get tax breaks on an additional Rs 20,000.

Atlas meet crucial for RIL

Posted: 03 Feb 2011 04:26 PM PST

The Atlas Energy shareholder meeting on February 16 will be crucial for Reliance Industries to explore a counter-bid option for the Pittsburgh-based natural gas producer.

Indian cos eye $4bn generic opportunity

Posted: 03 Feb 2011 04:18 PM PST

Domestic generic companies have more reasons to smile this year. Around $3-4 billion worth opportunity will be up for grabs in the wake of blockbuster drugs going off patent (losing patent protection) in the US over 2011-2012.

JP Morgan execs warned of fraud: Madoff trustee

Posted: 03 Feb 2011 04:03 PM PST

E-mails and other internal documents show that executives at JPMorgan Chase were complicit in Bernard Madoff's massive fraud, lawyers seeking to recover funds for his victims said Thursday.


Two forged letters keep ONGC headless

Posted: 03 Feb 2011 11:34 AM PST

A stunning story is unfolding on how two forged letters have virtually nixed the appointment of the chairman of ONGC, a state-owned oil and gas company that ranks 413 in the Fortune 500 list of global companies, and gives out contracts worth Rs 10,000 crore annually.


Food inflation spurts again, crosses 17%

Posted: 03 Feb 2011 11:30 AM PST

Food inflation surprisingly shot up in late January due to high prices of onions and vegetables, piling fresh pressure on the UPA government which is already battling a string of corruption allegations.


Rupee ends flat at 45.61/62 against dollar

Posted: 03 Feb 2011 06:32 AM PST

Amid a surge in stock markets, the Indian rupee today ended flat against the US currency as crude prices soared to $103 a barrel in Asian trade.


Sensex closes 358 points up

Posted: 03 Feb 2011 03:14 AM PST

Shrugging off spike in food inflation and high interest rate worries, the BSE benchmark sensex today surged by over 358 points to close at 18,449.31 on aggressive value buying in the recently beaten stocks and indications of a steady global economic recovery.


Sensex up nearly 313 points

Posted: 03 Feb 2011 12:17 AM PST

The Bombay Stock Exchange benchmark Sensex was up by nearly 313 points at 1315 hrs today, led by metal and banking stocks.


Food inflation at 17.05% on costlier veggies

Posted: 02 Feb 2011 10:55 PM PST

Food inflation soared to 17.05 per cent for the week ended January 22, rising for the second straight week, on the back of costlier vegetables, fruits and milk.


Sensex up 140pts on bargain hunting

Posted: 02 Feb 2011 10:23 PM PST

The BSE benchmark Sensex advanced by 140 points in early trade on bargain hunting in select counters on expectation of good economic growth.


Rupee opens 2 paise lower against dollar

Posted: 02 Feb 2011 09:13 PM PST

The rupee opened 2 paise lower at Rs 45.64 per US dollar in early trade on the Interbank Foreign Exchange today amid demand for the American currency from importers and appreciation of the greenback.


Sensex gains 57 points

Posted: 02 Feb 2011 09:11 PM PST

The Sensex gained over 57 points in opening trade on the Bombay Stock Exchange (BSE) today on selective buying by cautious investors in the absence of any cues from other Asian markets.


Indian cos tighten grip on outsourcing: Nasscom

Posted: 02 Feb 2011 03:38 PM PST

India continues to lead the global outsourcing market with the overall share increasing from 51%in 2009 to 55% in 2010.

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