After a fall for three successive weeks, the stock markets are likely to witness a relief rally in the coming week on the back of normalcy in Egypt and a correcting trend in global crude oil prices. The Bombay Stock Exchange bellwether has plummeted by 6.72% or 1,278.92 points in the las…

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The markets continued their southbound journey in this session, nullifying the short-lived attempt at a pullback midway through the session. The Sensex kissed positive territory for a brief instance in the afternoon, only to come off and end lower by 129 points at 17463 and the Nifty shut…

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Strap: 75% IPOs are trading below their issue price The newly listed companies are having the worst time of the current market carnage, with the Bombay Stock Exchange (BSE) IPO index touching a record low today.The index was down 2% at 1,688 (12.30 pm) as most of the new issues declined…

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Taking its price war with main rival National Stock Exchange (NSE) up a notch, the Bombay Stock Exchange (BSE) has announced the waiver of all transaction charges for brokers from semi-urban areas with effect from next month. The move is a part of the BSE’s efforts to attract more …

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The combined market capitalisation (m-cap) of five of the country’s top-10 firms declined by Rs 40,695.4 crore last week, with state-run power producer NTPC emerging as the biggest loser. The market valuation of NTPC fell by Rs 12,409.41 crore to Rs 1,45,738.51 crore as shares of t…

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Akula urges RBI intervention, says difficult to continue if restrictive law remains. SKS Microfinance may consider pulling out of Andhra Pradesh if the state government does not revoke its recent restrictive legislation on microfinance institutions (MFIs) by April 1. “Until RBI (Reser…

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Names of 15 Indians who have stashed away wealth in offshore banks have been made public by Tehelka magazine in its latest issue. Tehelka claimed it has in possession two more names, but were holding them back for verification. One name is alleged to be that of a prominent politician and…

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Bernanke: Stronger hiring is needed for US economic recovery to be `truly established.’ Jeannine Aversa, AP Economics Writer, On Thursday February 3, 2011, 1:02 pm EST WASHINGTON (AP) — The United States can’t fully recover from the worst recession in decades until hi…

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Former Telecom Minister A Raja today arrested by the Central Bureau of Investigation in New Delhi. The tainted minister will be charged under the Prevention of Curruption Act. Raja was forced to resign on November 14 last year in the wake of the CAG report which held that the spectrum al…

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Manufacturing activity rises at fastest pace since May 2004; construction spending plunges Christopher S. Rugaber, AP Economics Writer, On Tuesday February 1, 2011, 12:02 pm EST WASHINGTON (AP) — Factory activity expanded in January at the fastest pace in nearly seven years, as m…

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