The rupee weakened to an all-time low past 50.65 against the dollar early on Friday, weighed down by heavy dollar demand from importers to meet month-end commitments. At 9:04 a.m., the partially convertible rupee was at 50.67/68, off a low of 50.68 and weaker than its Thursday’s close of 50.45/47.
News Source – http://in.reuters.com/article/businessNews/idINIndia-38240620090227
Slumdog Millionaire
Rags-to-riches romance “Slumdog Millionaire” swept the Oscars on Sunday, winning eight awards including the prize for best picture in a Hollywood triumph for a movie that almost failed to get released. Among the “Slumdog” honors, Briton Danny Boyle was named best director for the often dark but ultimately hopeful tale about a poor Indian boy who competes for love and money on a TV game show..Read full story
India Business news
In today’s world of events, ignorance has no place. Each and every moment is being covered and reported to the masses. That’s the reason, why India news is always important in our lives. The day we don’t read newspaper or watch news channel, it seems that something is missing. Such is the value of news that has created a fence of knowledge around us. Whether its political news, bollywood news or business news, all have separate and special place in our life. Now-a-days, the talk of the town surrounds business market. With an increase in inflation and rising prices of commodities, India business news has shown the status graph.
Since the value of US dollar increased, everything seems to get costly. The business market is also suffering as they have to pay heavy price to import material from foreign countries. All this has also lead to recession and cost cutting in numerous companies. Business news India shows the exact picture of the affect that the slowdown in business has been causing. Apart from this, it also tells about the latest developments and launches in the corporate world. Another thing to read out in business news is the price hikes or crash in stocks market. All such Business news help the business people to manage their production and sales according to the changes in the market.
Stock Market
Sensex India is the figures of BSE 30 listed companies on the basis of free flow capitalization method. The free flow capitalization method is the calculation of figures derived from readily available stocks and shares for trading in the open market. This sensex index reflects the market condition and changes in the price of various commodities. Not only this, it also tells us about the assets of a particular company and its status in the market. The main aim of calculating sensex is to assess the value of a company and its ability to do trade.
There are 30 companies involved in the calculation of BSE sensex. These include some of the big business shots in the market, such as Bharti Airtel, DLF Universal Limited, HDFC Bank, Hindalco Industries, Hindustan Liver Limited, ICICI Bank, Infosys, Larsen & Tubro, Mahindra Limited, Maruti Udyog, NTPC, ONGC, Ranbaxy Industries, Reliance Industries, Tata Group of companies and Wipro. These days, a conversation about hikes and lows in stock market is the prime topic. You get to know the trading ability and goodwill of a company in current news. All these news helps the industry people to make prediction about hikes and deduction in the prices of raw materials or other commodities manufactured by the companies.
BSE Sensex Index
On Tuesday, February 10, 2009 Indian Share Market extent up to 0.7 percent in row of third session. It is the highest level close in the last five weeks of the Indian markets. Investers of share market India were waiting for rescue plan of US economy, from which it is expected to set development for the world markets. Investors also motivated because of the coming up interim budget. According to the market experts, the coming up budget announcement budget is an important variable which is keeping the markets hopeful about measures to boost the economy. On this, BSE-Index rose to 0.66 percent or 63.58 points and close at 9,647.47 with its other 27 gaining components. The Sensex Index fell down till 0.8 percent at one point of the day before the rebound.
Indian Share Markets
It is a matter of worry to see the BSE index suddenly going downtrend with the Satyam mayhem and Nortel bankruptcy. The BSE Sensex at least exhibited an accelerating figure continuously with very little fall prior to that. My brother is an IT engineer and he has already been offered notice by his employers that they cannot take his services further. Similar is the case with a number of his colleagues. Most employees like my brother are all expecting the BSE sensex to display rising figures each day so that the complete economy is stable.
The declining inflation has affected BSE companies directly, affecting us indirectly. I have heard, inflation has declined by more than half in a period of six months and that it would further go down. The BSE index has been showing mixed results. It will take years to regain its lost figures!
BSE Sensex index fell down 1.2 percent on Thursday 5th Feb 2009, after the two-day upward graph. Reliance Industries and Housing Development Financing Corporation are main BSE companies which are main sources of this downward trend. Shipping companies jump the trend, still when there are weak global feelings and persistent economic worries exist in Indian share markets.
Indian Stock Market
India’s largest vehicle maker, Tata Motor’s shares fell down by 5.3 percent during the day and closed at 2.8 percent at Rs. 131.50, it was the market news during the day that Tata motor’s had holdup the vendor’s payments. Inflation was less than expectations, due to this it failed to strengthen the many banks sentiments because more rate cuts were seen and due this it cut down the profit margins. The BSE -30 Sensex was closed at Rs. 9,090.97, down by 1.21 percent or 110.97 points, it rubs the profit of three-quarters over last two days.
On 3 Feb 2009, BSE Sensex has gained 0.91 percent or 133.50 points at 9,149.30. It was opened with the boom but fell down by 0.3 percent before reach to 2.6 percent. ITC and Reliance Industries are main leader of the rising Sensex this time. World markets are helping to calm down the stock markets investor nerves.
BSE Sensex India
Australia and Japan has taken the positive moves to help their sick economies to set the good platform for bounce back in the world markets like Asia, Europe but the investors are extra conscious about the overview of the Indian stock market. Industry major player like Reliance Industries have the strong weight in the main BSE-30 index and it was up by 2 percent to Rs. 1,302.55, it was boomed because investors expected that gas sales may help the company in the current time.
Reuters: Money News