Sensex surged 498 points or 3.3% at 15,518, NSE Nifty surged by 147 points to shut shop at 4,605. Indian markets ended with healthy gains on Thursday as bulls were on a rampage. Market players appreciated the upbeat Industrial Production data and draft of new Direct Tax Code, especially …

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MSCI adds Unitech, Mahindra Satyam to global standard indices Power Ministry Says -Price decided by EGoM (empowered group of ministers) has no relation to RIL-NTPC case -Unaware of legal advise to NTPC on gas dispute with RIL -Increasing planned UMPPs in first phase to 13 from 9 NHPC…

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Fed signals end of government debt-buying program; keeps key bank lending rate at record low WASHINGTON (AP) — The Federal Reserve delivered a vote of confidence in the U.S. economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to…

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Alert: June IIP data today RIL-NTPC gas dispute: from agencies -RIL files caveat in SC ahead of NTPC appeal -NTPC expected to move SC against Bombay HC ruling in July -Bombay HC allowed RIL to amend plea in gas dispute with NTPC Exclusive: IndusInd Bank -QIP issue closes; raises $10…

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New Delhi: More than a quarter of India’s districts are facing the threat of drought and the sowing of crops nationally is 20 per cent lower than in the previous year, Finance Minister Pranab Mukherjee said on Tuesday. While many of these districts are not major crop producers, the…

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Stocks slide as investors look to Fed for read on economy; wholesale inventories fall NEW YORK (AP) — Traders are turning cautious about the prospects for the economy. Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the…

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Take a fancy to realty, banking & finance, engineering and oil & gas.Initial signs of recovery in world economies, a stable government in New Delhi and the positive impact of its stimulus packages substantially improved the sentiments of foreign institutional investors (FIIs) in…

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Sensex gained 65 points or 0.4% at 15,074 while, Nifty ended higher by 34 points to shut shop at 4,471. Indian markets were back in action on Tuesday snapping a three day losing streak. The NSE Nifty index managed to take support at the 4,398 levels which is close to the 50 Day Moving Av…

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In late February, Robert Prechter of Elliott Wave International said “cover your shorts,” and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. With that prediction having come to pass, Prechter is now saying investors should “step aside&…

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Stock futures little changed as Federal Reserve begins meeting; productivity surges NEW YORK (AP) — Stock futures are little changed Tuesday as the Federal Reserve begins a two-day meeting that could provide new signs into how the economy is faring. A new report showing industria…

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