Archive for the ‘Market’ Category

Cash rates near steady on improved liquidity

Cash rates near steady on improved liquidity

15
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MUMBAI: Indian overnight cash rates were almost steady on Thursday as improved liquidity in the banking system ensured demand for funds was easily met. At 1 p.m., the one-day interbank cash rate was at 6.30/6.35, only marginally above 6.20/6.30 at close on Wednesday. The weighted average rate in the call money market was 6.34... 

Sensex falls for third day on high inflation, down 116pts

Sensex falls for third day on high inflation, down 116pts

15
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MUMBAI: The BSE benchmark Sensex fell for the third consecutive day today, down over 116 points on sustained selling by investor on concerns that spike in food inflation would lead to higher interest rates, making borrowing costly for corporate as well as consumers. Opening on a positive note, the Bombay Stock Exchange index,... 

Mutual funds’ AUM drops 5% in October

Mutual funds’ AUM drops 5% in October

15
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The average assets under management of the mutual fund industry declined by a hefty 5% during the October-December quarter , with country’s largest fund house Reliance MF’s assets shrinking by over Rs 5,000 crore. The industry’s AUM fell by Rs 37,904 crore, or 5.31%, in October-December period. The combined average AUM... 

Fertiliser cos could get Rs 2,700 cr in three years to improve efficiency

Fertiliser cos could get Rs 2,700 cr in three years to improve efficiency

15
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NEW DELHI: Fertiliser companies could get Rs 900 crore every year for next three years as a part of a package to improve efficiency in the sector, according to a fertiliser ministry proposal that will be taken up by a group of ministers (GoM) on Wednesday. The proposal is being considered as part of a new regime for urea, which... 

Car sales On High Pace In Dec’10

Car sales On High Pace In Dec’10

15
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The ever increasing Indian car market has not disappointed the car makers at the dusk of the year 2010. The major breakthrough came from the giants like Maruti Suzuki, Tata Motors and M&M among the Indian companies. By now these companies are geared up to combat the facing challenges ahead with the expansion plans and new... 

Hindustan Copper nosedives on FPO discount buzz

Hindustan Copper nosedives on FPO discount buzz

15
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Hindustan Copper nosedived by over 10 per cent on the Bombay Stock Exchange amid media reports that the company’s follow-on public offer may be priced at a discount of over 56 per cent vis-a-vis today’s closing price. Reacting sharply to the news, shares of the state-run firm tumbled by 10.41 per cent to hit an... 

Sensex closes 197 points lower, auto, realty stocks lose (Roundup)

Sensex closes 197 points lower, auto, realty stocks lose (Roundup)

15
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New Delhi- Late selling Wednesday pulled down a barometer index of Indian equities which ended 197 points lower. Auto and realty stocks led the losing stocks on a day when cues from global bourses were sombre. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,509.95 points, closed at... 

GAIL & ONGC agrees to reinforce ties in areas of natural gas & petrochemicals

GAIL & ONGC agrees to reinforce ties in areas of natural gas & petrochemicals

15
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GAIL and ONGC have reached a landmark understanding for mutual business growth covering natural gas as well as petro-chemicals. This over-arching understanding was documented in the form of various agreements and exchange of letters, which were initialed in the office of GAIL in the presence of the CMDs of both organizations.... 

Gold regains 21,000 mark; silver slips from record level

Gold regains 21,000 mark; silver slips from record level

15
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Gold regained its crucial Rs21,000 per ten grams level in the bullion market today, on emergence of buying by retail customers for the current marriage season, while silver fell from the record level. Gold gained by Rs20 to trade at Rs21,000 per ten grams, a level last seen on December 6 while silver tumbled by Rs90 to Rs46,840... 

Sensex closes 77 points lower

Sensex closes 77 points lower

15
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A benchmark index of Indian equities Tuesday closed 77 points lower on a volatile trading day. The 30-share sensitive index ( Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,617.38 points, closed at 20,483.61 points (provisional), down 77.44 points or 0.37 percent from its previous close at 20,561.05 points.... 

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