Economy News

A man looks at a screen across the road displaying the election results on the facade of the BSE building in Mumbai

BSE Sensex Starts on Firm Note, Currently Trading at 24,486 Points

The BSE Sensex took off on a firm start at 24,750 points on Tuesday, 27 May at 9.00 am, but took at a dip of 200 points 15 minutes later.

May 27, 2014

Rupee Gains 27 Paise Ahead of Modi's Swearing-in on Monday

The rupee appreciated by 27 paise to 58.50 per dollar Monday compared to its closure on Friday

May 26, 2014

Asian Shares Scale One-year Highs on Hopeful Global Economic Signs

Asian shares edged up to one-year highs on Friday as investors lapped up signs of improving momentum in the world's biggest economies.

May 23, 2014

Asian Shares, Australian Dollar Rise on Firm China PMI

Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second-biggest economy, supporting risk appetite already burnished by a strong session on Wall Street.

May 22, 2014

Asian Market Shares Wall Street Gloom, Dollar Records Sixth Loss

Asian shares caught Wall Street's gloom on Wednesday, while the dollar was on track for a sixth losing session against the yen after the Bank of Japan upgraded its view on capital expenditures.

May 21, 2014

Asian Shares Struggle to Record Gains, Dollar Steadies

Asian shares struggled to muster gains on Tuesday, while the dollar inched higher but remained not far from its lowest level against the yen in more than three months.

May 20, 2014

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

Modi's Victory to Trigger Big Shares Sale, IPO May have to Wait

Narendra Modi's landslide election win is set to trigger billions of dollars in share sales by Indian companies riding market optimism, but big-ticket IPOs may have to wait until the new leader proves he can deliver on promised reforms.

May 20, 2014

Asian Shares Soft, China Slowdown Fears Resurface

Chinese shares led Asia markets down on Monday, as concerns about slower growth in the world's second-biggest economy checked risk appetite and took a large slice off Australian equities.

May 19, 2014

RBI Buying Dollars to Halt Rupee Gains - Traders

The Reserve Bank of India was spotted buying dollars via state-run banks starting around 58.47, which was the rupee's strongest level in 11 months, three traders said.

May 19, 2014

An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Rupee Sees Best Week in Eight Months; Hits 11-month High

The rupee strengthened to its highest level in 11 months on Friday and posted its best weekly gain in eight months as the Bharatiya Janata Party and its allies headed towards an overwhelming majority in the country's elections, sending shares to record highs.

May 17, 2014

S&P says India's Fiscal, Econ Reforms to Determine Credit Rating

The fiscal and economic reforms taken by India's new government in the next two to three months will have "significant implications" on India's sovereign credit rating, Standard & Poor's Ratings Services said on Friday.

May 17, 2014

Sensex Hits Record High above 25,000; BJP to Face Key Investor Tests

The BSE Sensex and Nifty surged to record highs while the rupee strengthened to an 11-month peak against the dollar on Friday as the opposition Bharatiya Janata Party led by Narendra Modi swept to a resounding majority in the world's largest election.

May 17, 2014