The market may extend recent gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 74 points at the opening bell. Shares of India’s third largest software services exporter by revenues, Wipro, will be in focus as the Azim Premji…
Key benchmark indices surged in early trade on firm Asian equities. The barometer index, BSE Sensex, was up 173.56 points or 0.99% to 17,761.23. The market breadth was strong. Index heavyweight Reliance Industries (RIL) edged higher in early trade. Asian stocks rose on optimism that the euro-area finance chiefs will…
Biocon announced that drugmaker Pfizer has scrapped a deal to sell insulin products made by the company. Biocon did not say why the deal, agreed in October 2010, had ended, saying only in a statement that it was in its best interests to move forward independently. All rights licensed to…
The market is poised for an upbeat start on firm Asian equities. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 61 points at the opening bell. Asian stocks rose on optimism that the euro-area finance chiefs will complete the second Greek bailout. Key…
India’s index industrial production for the month of January 2012 stood at 187.9, higher 6.8% as compared to the level in the month of January 2011 and versus 1.8% in December. The cumulative growth for the period April-January 2011-12 stands at 4.0% over the corresponding period of the previous year.…
The index for the industrial production records 6.8% growth rate in January 2012 compared with 7.5% growth recorded in January 2011. In April-January 2012 growth rate stood at 4% compared with 8.3% growth registered in the same period a year ago. The Indices of Industrial Production for the Mining, Manufacturing…
The key benchmark indices pared further gains in mid-morning trade to slide to fresh intraday low. Asian markets were trading lower on Monday, 12 March 2012. The BSE Sensex was up 46.70 points or 0.27%, off 222.16 points from the day’s high and up 5.62 points from the day’s low.…
The key benchmark indices pared gains in morning trade after an upbeat start. Most Asian markets were trading lower on Monday, 12 March 2012. The BSE Sensex was up 85.20 points or 0.49%, off 183.66 points from the day’s high and up 18.98 points from the day’s low. The market…
Trading for the week began on an upbeat note as boosted by a 75 basis point cut in cash reserve ratio (CRR) by the Reserve Bank of India (RBI) after markets hours on Friday, 9 March 2012 to ease liquidity situation. Most Asian markets were trading lower on Monday, 12…
Bank shares may edge higher after the Reserve Bank of India (RBI) after market hours on Friday, 9 March 2012, cut the cash reserve ratio (CRR), which is the amount of cash the banks have to maintain with the central bank as a percentage of their net demand and time…
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