The BSE benchmark Sensex recovered by over 86 points in early trade on Wednesday on emergence of buying by funds and retailers amid a firming Asian trend. Snapping its four-session losing streak, the 30-share barometer gained 86.74 points, or 0.44 per cent, to 19,746.56. The index had lost almost 345 points in the previous four sessions.

The rupee on Wednesday strengthened by 16 paise, near four-month high, to 52.97 against the US dollar in early trade on the Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks amid increased capital inflows. Forex dealers said increased selling of the American currency by exporters and a higher ope

The Indian rupee recovered after initial losses against the American currency in the late morning trade and was steady at 53.28 per dollar on mild selling of dollars from banks and exporters on the back of persistent capital inflows from foreign funds. The rupee resumed lower at 53.40 per dollar as against the last closing level of 53.28 per dol

Activity in service sector expanded at the fastest pace in a year last month, driven by rising foreign orders, but businesses were a little less optimistic about the future, a survey showed on Tuesday. The HSBC Market services Purchasing Managers' Index, which gauges business activity from a survey of over 400 companies ranging from banks to hos

Debt-ridden and with no customers, Kingfisher Airlines Ltd posted a 7.55 billion rupees ($142 million) loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans. Kingfisher, which has been stripped of its flying licence, owes an estimated $2.5 billion to banks, st

The BSE benchmark Sensex on Tuesday declined by over 88 points in early trade, extending losses for the fourth straight session as funds and retail investors engaged booking profit amid a weak trend in global markets. The 30-share barometer fell by 88.49 points, or 0.44 percent, to 19,662.70. The index had lost nearly 254 points in the past

The rupee declined by 5 paise to Rs.53.33 per dollar in early trade on the Interbank Foreign Exchange market on Tuesday, weighed down by dollar's gains against other currency rivals. Forex dealers said besides dollar gains against other Asian currencies, a weak opening in the stock market amid foreign fund outflows put pressure on the rupee.

The BSE benchmark Sensex on Monday closed 30 points lower due to profit-booking mainly in banking and oil stocks amid weak quartelry earnings by some banks. The Sensex closed with a loss of 30 points, or 0.15 percent, to 19,751.19 points on weak earnings by Bank of Baroda and IDFC. The gauge had lost nearly 224 points in last two trading ses

Gold prices dipped for the third day, losing Rs.50 to settle at Rs.30,750 per ten grams in the national capital on Monday on sustained selling by stockists, driven by sluggish demand at prevailing higher levels. Gold had lost Rs.245 in last two sessions and silver by Rs.280. Silver followed suit and lost Rs.395 to Rs.58,305 per kg, due to le

Concerned over mismatch in the export values declared by exporters and those registered by banks providing them forex services, the Reserve Bank is planning to set up an automated and unified data processing and monitoring system for all exports from the country. The new system would also be used for reporting of serious cases of default by

Oil prices eased on profit-taking in Asian trade on Monday after enjoying healthy gains at the end of last week following encouraging US jobs data, analysts said. New York's main contract, light sweet crude for delivery in March, dropped 25 cents to USD 97.52 a barrel and Brent North Sea crude for March also shed 25 cents to $116.51.