Market

New York | May 24, 2013 19:22 (IST)

Wall Street fell for a third day on Friday, putting indexes on track for their first negative week since the middle of April, on lingering concern the Federal Reserve may scale back its stimulus measures to support the economy.

Mumbai | May 24, 2013 18:41 (IST)

The founder of real estate company Puravankara Projects Ltd got bids worth Rs 170 crore by selling shares to meet the Securities and Exchange Board of India (Sebi) requirement of having at least 25 per cent public shareholding.

May 24, 2013 16:59 (IST)

India Cements shares have plunged nearly 20 per cent over the last six sessions amid the Indian Premier League (IPL) betting controversy. India Cements, the largest producer of cement in South India, had acquired the Chennai Super Kings franchise of the IPL for $91 million in 2008.

Mumbai, India | May 24, 2013 15:48 (IST)

The BSE Sensex snapped its four-day losing streak to edge higher on Friday, rebounding as Tata Steel surged after its March-quarter operating profit beat analyst estimates and as recently beaten-down blue-chips such as Larsen & Toubro recovered.

May 24, 2013 12:40 (IST)

The BSE Sensex gained 0.19 per cent and the broader Nifty was up 0.27 per cent, in a volatile session after four days of declines.

Tokyo, Japan | May 24, 2013 11:55 (IST)

The Nikkei share average rose on Friday in turbulent trade, stablising somewhat after a 7.3 per cent dive in the previous session, but the extreme volatility and worries the bull-run may be running out of steam sidelined most buyers.

May 24, 2013 11:09 (IST)

New York-listed Taro said quarterly net profit rose to $49.2 million from $47.3 million a year earlier.

May 24, 2013 10:54 (IST)

If you are comfortable with speculation, be a trader, and if you are conservative, choose to be an investor.

May 24, 2013 10:31 (IST)

The BSE Sensex turned lower on Friday after opening with over 150 point-gain, suggesting the lack of conviction in the markets. The broader Nifty convincingly broke the 6,000 mark tracking a sharp plunge in Japan's Nikkei 225 benchmark.

Mumbai | May 24, 2013 10:30 (IST)

Dealers attributed the rupee's fall to dollar gains against other currencies overseas, but a higher opening of the domestic equity market, capped the rupee's losses to some extent.

Sydney, Australia | May 24, 2013 10:18 (IST)

Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout.

New York | May 24, 2013 10:12 (IST)

Wall Street slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.

May 24, 2013 09:58 (IST)

Tata Steel shares rose more than 5 per cent on Friday after its January-March quarterly operating profit beat analyst estimates.

May 24, 2013 09:46 (IST)

Wockhardt shares plunged another 19 per cent on Friday, following the 20 per cent drop yesterday, after the generic drugmaker was hit by the imposition of an import alert (or ban) on its plant by the U.S. Food and Drug Administration.

May 24, 2013 09:23 (IST)

The BSE Sensex opened 150 points higher on Friday, while the 50-share Nifty benchmark edged above the 6,000 mark as markets rebounded after sharp selloff yesterday. Global markets also steadied with Japan's Nikkei 225 rising over 2.5 per cent, recovering from the over 7 per cent slide on Thursday.

Sydney, Australia | May 24, 2013 08:12 (IST)

Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard.

New York | May 23, 2013 21:02 (IST)

Wall Street fell in early trade on Thursday, extending a sell-off that began the day before, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program.

May 23, 2013 14:10 (IST)

The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year.

May 23, 2013 13:50 (IST)

The BSE Sensex plunged 375 points in afternoon trading on Thursday after State Bank of India reported disappointing results for the March quarter.

May 23, 2013 13:06 (IST)

The BSE Sensex traded off the day's low after Finance Minister P Chidambaram said the Fed statement on the possible scaling back of the bond buying programme has been "misunderstood".