European shares flat; miners dip, Spanish banks up
European shares were little changed by midday trade on Thursday after 28-month highs a day earlier as miner-led declines and some market consolidation offset a good response to Spain’s bond auction. The market was waiting for a news conference starting at 1330 GMT by ECB President Jean-Claude Trichet, who will talk about...
Silver regains on global cues; gold declines
A divergent trend developed on the bullion market today as silver recovered on rising demand from industrial units and gold declined on reduced offtake at higher rate. While silver rose by Rs200 to to Rs45,000 per kg, gold shed Rs10 to Rs20,640 per 10 grams in mixed pattern of trade. Market analysts said the silver remained...
Gold regains 21,000 mark; silver slips from record level
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 ends above 20500; broader indices outperform
Equity benchmarks closed last session of the year 2010 on a positive note, led by support from financial, Anil Dhirubhai Ambani Group, realty, telecom, auto, select metal and power companies’ shares. Reliance Industries and HUL also led the support. The Sensex gained for third consecutive day today and settled above 20,500...
Sensex down 45 points; Nifty ends below 6000
Markets dropped to close in the red on Monday. The Sensex shed 44.73 points to close at 20,028.93. The Nifty also fell 13.5 points to end the day below the 6,000-mark, at 5,998.10. Metal and realty indices led the drop in the market, falling by 1.24 per cent and 0.84 per cent, respectively. Auto, tech, oil & gas and power...
Wholesale onion prices slide 20% in Lasalgaon, Manmad
Wholesale onion prices slid by another 20 per cent in the major producing regions of Lasalgoan and Manmad in Nashik today in the wake of steps taken by the government to boost domestic supply. At Lasalgaon mandi, wholesale onion prices fell by 20 per cent to Rs 3,200 a quintal for best quality onions from Rs 4,000 per quintal...
Food inflation falls to 12.85%; down for 3rd week in a row
New Delhi: Sliding for the third straight week, food inflation fell to 12.85 percent for the week ended October 23 as prices of vegetables, especially potato and onion, softened due to improved supplies. Food inflation stood at 13.75 percent for the week ended October 16, government data showed. On annual basis, potato prices...
Sensex rises to highest since January 2008
NEW DELHI: Sensex on Thursday rose to its highest level since January 2008, as sentiment was upbeat after a stellar listing for Coal India, the country’s largest-ever share offering, alongside firmer world markets. At 1:43 pm, the 30-share BSE index was up 1.91% at 20,856.06 points, with 28 components advancing. It rose...
Pearson boosted by e-book sales
Publishing group Pearson has reported strong sales and operating profit for the first nine months of the year, due to increased demand for e-books and Financial Times publications. As a result, the company upgraded its full-year profit forecast, with earnings per share estimated to rise by 10% compared with 2009. Sales of e-books...
Sensex slips below 20K, IT stocks decline
The markets closed near the day’s lowest point. The Sensex declined 185 points to 19,983 and the Nifty fell 48 points to 6,027. Selling pressure gained momentum in the last hour of trade. Earlier, the markets opened higher to reach the day’s highest points (Sensex: 20,332; Nifty: 6,119) but soon slumped, only to...
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