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The Sensex continued to hover near important support levels as attempts of a pullback faced off selling pressure. Global markets are factoring in Greece’s potential exit from the eurozone and the bearish sentiment may persist, according to analysts. Fitch further downgraded Greece to the junk territory. Meanwhile, the rupee continued to slip lower against the US dollar. The Indian currency fell [...]
May 18 2012 | Posted in
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The Sensex fell below the psychological 16,000 level for the first time since January 9, 2012, as weak global cues and a depreciating rupee hurt sentiment. The rupee touched a new all-time low of 54.32, down 46 paise, against its previous close as investors rushed to take refuge in the US dollar, considered to be [...]
May 16 2012 | Posted in
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Facebook has raised the price band for its ini tial public offering to $34-$38 a share from the previous range of $28 to $35.Facebook, already planning the largest-ever Internet-company IPO, would raise as much as $12.8 billion and seek a valuation of as high as $104.2 billion, based on the upper end of the new range. Chief executive [...]
May 16 2012 | Posted in
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The BSE benchmark index Sensex dropped by nearly 59 points in early trade on Tuesday as investors booked profits after Monday’s gains. The 30-share barometer, which had gained 81.63 points in the the yesterday’s highly volatile session, shifted down by 58.74, or 0.34 %, to 16,853.97 points in early trade. Similarly, the wide-based National Stock [...]
May 8 2012 | Posted in
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Financial markets will likely be more worried about the outcome of the Greek election and the future of its international bailout than Francois Hollande’s winning the French presidency, analysts said. “The week ahead looks to be high risk, but paradoxically it is maybe Greece that weighs heavier in the balance than the French election,” said [...]
May 7 2012 | Posted in
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MUMBAI: The BSE(Bombay Stock Exchange) benchmark Sensex dropped by 84 points in early trade today on continual selling by funds and retailers, triggered by disappointing corporate earnings amid a weak trend on Asian bourses. The 30-share barometer, which has lost almost 168 points in the last two trading days, shifted down further by 84.35 points, [...]
May 4 2012 | Posted in
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MUMBAI: The BSE(Bombay Stock Exchange) benchmark Sensex today dropped by 151 points on heavy selling by foreign funds on weak earnings and a sliding rupee amid negative global cues. The 30-share Sensex, which had lost 17 points in the previous session, dropped by a further by 150.72 points, or 0.87 % to close at 17,151.19. On [...]
May 3 2012 | Posted in
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Mumbai: The BSE(Bombay Stock Exchange) benchmark Sensex down by 103 points in early trade today on ongoing selling by foreign funds and retail traders in the absence of any positive trigger. The 30-share barometer, which had lost 16.90 points in yesterday’s trade, fell further by 103.02 points, or 0.60%, to 17,198.89 in early trade today. [...]
May 3 2012 | Posted in
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The rupee declined by 26 paise in early trade today to hit fresh four-month low of Rs 53.22 against the American currency on the Interbank Foreign Exchange due to firm dollar demand amid increased capital outflows. Strong dollar gains against euro and other currencies overseas and a lower opening in thedomestic equity market also put pressure on the rupee, a [...]
May 3 2012 | Posted in
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MUMBAI: Extending gains for it all fourth straight session, the BSE(Bombay Stock Exchange) benchmark Sensex on Wednesday increased by 105 points in early trade on continual buying by funds and retail traders, amid encouraging 4th quarter corporate earnings and a tightening trend in other Asian markets. The BSE(Bombay Stock Exchange) benchmark Sensex which had gained over [...]
May 2 2012 | Posted in
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