The government's move to provide partial relief in excise duty on branded garments’ in the budget might help improve profitability, but there will not be any immediate price cuts, retailers and manufacturers said on Monday.
The BSE benchmark Sensex ended in negative terrain for the fourth straight week as investors remained unimpressed by the Union Budget proposals which they thought may add to inflation.
Describing rising price of oil a threat to global growth, IMF chief Christine Lagarde on Sunday called upon emerging economies to "invest in reforms" to attain higher growth.
The BSE benchmark Sensex today fell 193 points to 17,273.37, on sustained selling by funds against the backdrop of uninspiring budgetary proposals last weekend and a weak global markets.
A lack of incentives for attracting private sector capital investment and a fiscal deficit closer to 6% saw the benchmark 30-share Bombay Stock Exchange (BSE) Sensex erase early gains and end down 209 points, or 1.2%, at 17,466 points. Markets
The BSE benchmark Sensex today rose to 3-week high by adding 106 points, up four sessions in a row, led by financials ahead of RBI monetary policy and the Union Budget amid a firm trend in global markets.
The benchmark Sensex of the Bombay Stock Exchange on Thursday snapped a four-day winning streak and fell 244 points, or 1.4%, at 17,676 after the Reserve Bank of India (RBI) refrained from cutting key lending rates and investors turned cautious ahead of the Union Budget on Friday.
Every couple of weeks it's nice to look back and see just how far Apple has come. Shares of the iPad and iPhone maker eclipsed the $600 barrier for the first time on Thursday, only about a month after topping the $500 mark for the first time.
Inflation rose to 6.95% in February because of a sharp increase in food prices, especially vegetables and protein-based items.
The BSE benchmark Sensex today climbed to 2-week high by adding 226 points amid indications of higher advance tax payout by corporates, suggesting improved earnings, and a firm trend in global markets.
Gold prices slipped at the domestic bullion market in Mumbai today after a three-session upsurge on emergence of fresh profit-taking by stockists and investors amid reduced jewellery offtake following weak global cues.
World markets' reaction to recent signs of a slowdown in emerging economies has highlighted the importance of these new engines of global growth to the financial system, say analysts.
The government today said RBI's initiative to arrest the declining value of rupee has yielded results and the value of the Indian currency has appreciated by 4.4% vis-a-vis US dollar during February.
Erasing initial gains, the BSE index Sensex fell for the third day today losing 28 points on concerns over the government's ability to push through reforms and weak global cues.
The rupee declined by 38 paise to hit a seven-week low of
Rs. 50.74 against the American currency in early trade today at the Interbank Foreign Exchange market on foreign fund outflows and strong dollar overseas.