The bulls came out with all guns blazing. After being at the receiving end of the stick in the recent past, the bluechips propelled the Sensex within kissing distance of the 16500 mark. The Sensex finally ended at 16,496, stronger by 332 points, and the Nifty closed at 4930, up 100 points…

Read More..

The benchmark indices have been trading in a listless manner in the past one hour. The Sensex is at 16,399, up 43 points, and the Nifty is at 4,903, up four points. Among the sectoral indices, metal, realty and consumer durables are in the limelight, while banking and power indices are th…

Read More..

Ashok Leyland, the commercial vehicle maker, has reported a 450 per cent increase in net profit for the quarter ended December 31, at Rs 104.6 crore as against Rs 18.9 crore for the corresponding period in the last financial year. Sales revenue was up 81 per cent to Rs 1,815.5 crore from…

Read More..

Economy grows for 2nd straight quarter at better-than-expected 5.7 pct rate, best since 2003 Christopher S. Rugaber, AP Economics Writer, On Friday January 29, 2010, 1:29 pm WASHINGTON (AP) — The economy’s faster-than-expected growth at the end of last year, fueled by comp…

Read More..

Washington: US President Barack Obama today said it was time to end tax breaks to American firms that farm out jobs overseas and help those who create employment within the country, but acknowledged that this alone would not compensate for the seven million jobs lost over last two years. …

Read More..

By Mark Felsenthal and Pedro da Costa WASHINGTON (Reuters) – The Federal Reserve voiced a cautious note of optimism on the U.S. economy on Wednesday as it stuck to its pledge to keep interest rates near zero for a while to ensure a sustainable recovery. The policy statement reflec…

Read More..

Indian stocks slid for the sixth consecutive trading day on Wednesday tracking weak Asian and European cues amid global nervousness over US President Barack Obama’s bank reform plans and monetary policy tightening in China. The strengthening US dollar, perceived a safe haven for risk-av…

Read More..

The Union Budget is a few weeks away and entities across sectors are busy drafting their wishlists. Officials of the Bombay Stock Exchange (BSE), Asia’s oldest, are busy, too, but to get the exchange’s almost dormant equity derivatives segment in order by the Budget eve. BSE official…

Read More..

FIIs unwind positions; first rise since extended trading hours. The turnover in equity derivatives on the National Stock Exchange (NSE) on Thursday recorded a jump of close to 80 per cent, the first surge this year after extension of trading hours. Around 4.39 million future and option (…

Read More..

Sensex extended losses, on the back of selling in capital goods, especially after third quarter results of L&T and BHEL. …

Read More..