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BSE Sensex Up, Rupee Hits Record Low

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. May 21, 2012
rupee

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said. May 21, 2012
Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down... May 17, 2012
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India Gold Jewelers Back in Business, Ends 20-Day Nationwide Strike

Gold demand in India remained low after the country's gold bullion traders and jewelers ended their 20-day nationwide strike on Friday, but the gold entrepreneurs remained confident consumer interest on the precious safe haven yellow metal will pick up as the annual wedding season in the country begins. Apr 10, 2012
bse-sensex

BSE Sensex Falls Ahead of Long Weekend

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. Apr 4, 2012
bse-sensex

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

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. Apr 3, 2012
bse-sensex

BSE Sensex Expected to Rise by 26 Percent This Year

The BSE Sensex is likely to rise this year in spite of concerns over the government's finances and political stability. A poll conducted by Reuters indicated that BSE Sensex might gain 26 percent this year, hoping on interest rate cuts to bolster growth. Mar 30, 2012
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