Markets

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

BSE closes points 115.61 down on Dec 2

New Delhi, Dec 2 (ANI): Trading at the Bombay Stock Exchange today closed 115.61 points down to stand at 28,444.01. At the National Stock Exchange the Nifty closed 31.20 points down to stand at 8,524.70. BEL and WOCKPHARMA were among the top gainers of Group A with an increase of 10.36% and 9.88% along with SPARC and RAYMOND with an increase of 9.61% and 8.98% respectively, while the top losers of Group A include KAILASH and INFRATEL with a decrease of 4.97% and 4.87% along with SREI INFRASTRUCTURE FINANCE LTD and BALRAMPUR CHINI MILLS LTD with a decrease of 4.46% and 4.22% at the close of the markets. The Auto sector is down 198.55 points at 19,082.11 while the banking sector is up 26.23 points at 21,248.52 and the reality sector is up 1.45 points at 1,674.03. The Indian currency is up 0.23% at Rs 61.88 per dollar.

Dec 2, 2014

India Hikes Excise Duties on Petrol By ₹2.25, Diesel By ₹1

The excise duties on petrol and diesel have been hiked to boost government revenues from slipping global crude oil prices.

Dec 2, 2014

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60%

Dec 2, 2014

Cyber Monday May Have Lost Its Sheen With Pre and Post Black Friday Deals

Black Friday and Cyber Monday are losing their sheen with several deals being announced before and continuing even after the shopping sale events.

Nov 29, 2014

BSE closes points 255.08 up on Nov 28

New Delhi, Nov 28 (ANI): Trading at the Bombay Stock Exchange today closed 255.08 points up to stand at 28,693.99. At the National Stock Exchange the Nifty closed 94.05 points up to stand at 8,494.20. JETAIRWAYS and HINDUSTAN PETROLEUM CORPORATION LTD were among the top gainers of Group A with an increase of 19.99% and 8.93% along with PNB and CANARA BANK with an increase of 7.92% and 7.67% respectively, while the top losers of Group A include FRL and CONTAINER CORPORATION OF INDIA LTD with a decrease of 7.19% and 7.15% along with ABAN OFFSHORE LTD and KAILASH with a decrease of 4.96% and 4.91% at the close of the markets. The Auto sector is up 367.76 points at 19,220.05 while the banking sector is up 591.38 points at 21,212.07 and the reality sector is up 27.38 points at 1,683.06. The Indian currency is down 0.23% at Rs 62.02 per dollar.

Nov 28, 2014

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