Markets

OPEC Decides Against Oil Output Cut; Sends Prices Tumbling

Saudi Arabia uses its clout to maintain OPEC oil output resulting in prices going down further, targets US shale.

Nov 28, 2014

Petrol Prices Likely to Fall Below ₹60 per Litre in Coming Weeks; May Help Boost GDP

Global brokerage Nomura said every $10 per barrel fall in oil price will lead to GDP's growth by 0.1% and inflation will come down by 0.2%.

Nov 28, 2014

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Sensex, Nifty Soar to All Time High Ahead of Economic Data

The Sensex rose 1.15 percent to a life high of 2,8765.52.

Nov 28, 2014

Black Friday Deals: Best US Cities To Buy Homes During the Holiday Season

Black Friday, the day after Thanksgiving officially marks the beginning of the festive season and the holiday shopping season and if you thought the massive deals were limited to consumer goods then think again, even houses come at a discount.

Nov 27, 2014

BSE closes points 52.72 up on Nov 27

New Delhi, Nov 27 (ANI): Trading at the Bombay Stock Exchange today closed 52.72 points up to stand at 28,438.91. At the National Stock Exchange the Nifty closed 18.45 points up to stand at 8,494.20. STAR and JET AIRWAYS were among the top gainers of Group A with an increase of 6.68% and 5.82% along with BHEL and SREI INFRASTRUCTURE FINANCE LTD. with an increase of 5.38% and 5.37% respectively, while the top losers of Group A include CROMPTON GREAVES LTD. and KAILASH with a decrease of 6.11% and 5.00% along with RASOYA PROTEINS LTD and PIIND with a decrease of 4.74% and 3.78% at the close of the markets. The Auto sector is up 65.15 points at 18,852.29 while the banking sector is up 34.34 points at 20,620.69 and the reality sector is down 5.05 points at 1,655.68. The Indian currency is up 0.04% at Rs 61.87 per dollar.

Nov 27, 2014

Ali al-Naimi, Saudi Arabian oil minister

OPEC Will Not Cut Oil Output – Saudi Arabia Breaks Silence

Just a day before the Organization of the Petroleum Exporting Countries (OPEC) meets to discuss the rampant oversupply of oil in the global market, leader Saudi Arabia's oil minister suggested that the group will probably not cut oil output.

Nov 27, 2014

Buyers in Coimbatore flock to jewellery stores as gold prices slump

Coimbatore, Nov 26 (ANI): Buyers in Coimbatore flocked to purchase gold as the expensive yellow metal faces a price slump. Gold stood at 26,450 rupees for 10 grams on November 25 and further fell to 26, 355 rupees on November 26. Jewellers say that this phenomenon was due to fluctuations in the international market. Buyers said that they could now stock up on jewellery they otherwise find expensive.

Nov 26, 2014

BSE closes points 48.14 up Nov 26

New Delhi, Nov 26 (ANI): Trading at the Bombay Stock Exchange today closed 48.14 points up to stand at 28,386.19. At the National Stock Exchange the Nifty closed 12.65 points up to stand at 8,475.75. GUJRAT GAS and OBEROI REALTY LTD were among the top gainers of Group A with an increase of 16.55% and 7.64% along with TORRENT POWER LTD and DLF with an increase of 7.35% and 7.16% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and KAILASH with a decrease of 4.86% and 4.76% along with FINOLEX CABLES LTD and ZEE LTD with a decrease of 3.95% and 3.93% at the close of the markets. The Auto sector is up 68.70 points at 18,805.38 while the banking sector is down 62.95 points at 20,586.35 and the reality sector is up 64.39 points at 1,660.73. The Indian currency is up 0.04% at Rs 61.84 per dollar.

Nov 26, 2014

OPEC Likely To Agree on Production Cuts, But Will it Really Work?

OPEC is poised to meet on Thursday in Vienna, Austria, to decide on an oil supply ceiling or a production cut.

Nov 26, 2014

BSE closes points 161.49 down on Nov 25

New Delhi, Nov 25 (ANI): Trading at the Bombay Stock Exchange today closed 161.49 points down to stand at 28,338.05. At the National Stock Exchange the Nifty closed 67.05 points down to stand at 8,463.10. AIA ENGINEERING LTD. and RELIGARE were among the top gainers of Group A with an increase of 5.53% and 5.51% along with FINCABLES and SADBHAV with an increase of 5.17% and 5.07% respectively, while the top losers of Group A include INDIA CEMENTS LTD. and NETWORK18 with a decrease of 9.20% and 8.96% along with UNITECH and JPPOWER with a decrease of 8.38% and 8.02% at the close of the markets. The Auto sector is down 201.34 points at 18,736.68 while the banking sector is down 277.90 points at 20,649.30 and the reality sector is down 55.25 points at 1,596.34. The Indian currency is down 0.08% at Rs 61.88 per dollar.

Nov 25, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

BSE closes points 164.91 up on Nov 24

New Delhi, Nov 24 (ANI): Trading at the Bombay Stock Exchange today closed 164.91 points up to stand at 28,499.54. At the National Stock Exchange the Nifty closed 52.80 points up to stand at 8,530.15. JSWENERGY and PERSISTENT were among the top gainers of Group A with an increase of 7.18% and 7.01% along with ALSTOM T&D and BEL with an increase of 5.74% and 5.55% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and KAILASH with a decrease of 4.72% and 4.61% along with FRL. and ESSAROIL with a decrease of 4.57% and 4.19% at the close of the markets. The Auto sector is up 12.74 points at 18,938.02 while the banking sector is up 243.66 points at 20,927.20 and the reality sector is up 26.39 points at 1,651.59. The Indian currency is up 0.26% at Rs 61.92 per dollar.

Nov 24, 2014

'To Cut or not to Cut' - All Eyes on OPEC as Oil Prices Tumble

As oil prices continue to tumble southwards, the world is awaiting a "supply cut" decision from the Organization of Petrol Exporting Countries (OPEC), which is poised to meet on Thursday in Vienna, Austria.

Nov 24, 2014

Black Friday 2014 Shopper's Guide; Find The Working Hours For The Stores Around You

Thanksgiving Turning into Black Friday? Why Stores are Unveiling Deals One Day Before Epic Sale

In a bid to ramp up sales and meet customer demand, several American retailers are expediting their deals meant to roll out on Black Friday, the great shopping event, to Thanksgiving Day.

Nov 24, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014