Indians News On The Financial Market

February 27, 2012 Leave a comment

Can you think about investment without staying updated with financial market news? If you are an investor in the Indian money market, it is a must to stay updated with the A-Z of Indian news encompassing financial market news, stock news, Indian news  private equity news, and related paraphernalia. Millions of news freaks bank upon in.reuters.com; this portal publishes relevant news faster than other portals.

According to the latest stock news (7th Feb), the market was in the downtrend. While sensex closed at 17,621.45, down 85.86 points, nifty ended at 5,335.15, down 26.50 points. What about private equity securities that are not traded publicly on a stock exchange though these securities are of operating companies? There are many investors in this segment too. Staying updated with private equity news thus mater. You can well rely on in.reuters.com for the same.

According to the latest financial market news, especially under the Indian top news videos  section, budget is to be tabled on March 16, more than two weeks later than usual, on account of assembly polls in five states. Rupee beating emerging market currencies, India’s GDP seeing dipping to a 3-year low, sensex closing 85 points lower are top financial market news at the moment.

India News, Live News Videos And Cricket Scores

February 22, 2012 Leave a comment

Govt. notifying a rule making it compulsory for inept central services bureaucrats to be sacked after 15 years of service, India’s GDP growth seen dipping to a 3-year low of 6.9%, Bombay high court declaring adult children needing parents’ approval to stay with them, economy hit by high inflation – these are the top India news at the moment (8th Feb). Visit an India news portal, a platform that also publishes international news including news of all segments faster than other portals. Whether it is viewing live news videos or live cricket scores, you can find them all at such a portal.

When we speak about live news videos, you can expect to view them on television. But yes, you can view all top events, i.e. live news videos, at in.reuters.com. Compare India news stories, international news, segments, and live news videos of other portals with in.reuters.com and you will find that there can be no better news platform than the latter.

View live cricket scores of upcoming matches like India vs Sri Lanka (2nd Match – Australia Tri-Series) on Feb 08 2012 at W.A.C.A. Ground Perth, New Zealand vs Zimbabwe (3rd ODI at McLean Park, Napier, New Zealand) on Feb 09 at in.reuters.com.

Market News with Commodity Market Prices and Exchange Rate

January 11, 2012 Leave a comment

Whenever there is any hot Market News about announcement or implementation of plans in any segment, buying in that segment gains momentum leading to rise of the indices. And this affects the commodity market prices as well. With market news, especially ET NOW on January 7, citing by a junior minister for fertilizer, of the government unveiling of a plan to help urea manufacturers and boost investment in the urea industry, has served as a boon for the related industry. Fertilizer stocks saw a boost with Rashtriya Chemicals & Fertilisers rising 16 percent, Chambal Fertilisers 6.4 percent, Tata Chemicals 3 percent, and the list goes on. Market sentiments do change with such market news.

Commodity Market Prices change according to the buying and selling sentiments of the people in the stock market. As per news on commodity market prices, crude oil slumps on selling sentiments, silver futures are expected to trade in a range, gold abated on increment in dollar index, MCX lead looking fragile to touch 103. Visit in.reuters.com for the up-to-the-minute commodity market prices.

At the same platform, you can find the latest exchange rate using the currency converter tool. Finding the exchange rate takes only a matter of seconds.

Changing NSE Nifty and BSE Sensex Indices

January 10, 2012 Leave a comment

It was positive momentum for the afternoon trade of January 6 in the NSE and BSE stock market, but morning trade saw both the NSE nifty and BSE sensex indices exhibiting downtrend. While nifty reached a low of 4,686.85, it soon rose 4.15 points or 0.09% to end at 4,754, BSE sensex ended flat with a rise of 10.65 points or 0.07% at 15,867.73. Selling pressure was witnessed in metal, realty and capital goods stocks in the morning trade.

Investors were taken by surprise in the afternoon trade with European markets going green. With market rumors about an expected joint conference from both Reliance and ADAG being spread, or in short rumored stock recommendations, ADAG stocks saw fast buying, triggering the NSE Nifty and BSE sensex indices going up in the afternoon trade. The automobile segment, especially two and three wheelers, ended on a negative note. It was oil marketing companies listed on BSE sensex and NSE nifty that closed up with decent gains owing to declining international crude prices.

Stock recommendations exhibited online changed phases too given the volatility. If as an investor, you happen to follow Stock Recommendations at a reliable news portal, you gain a competitive advantage.

Latest News, Live Stock Market and Financial Portfolio

December 26, 2011 Leave a comment

What are the latest news on India as of December 19? So, you did not get time to watch latest news India on television. Worry not if you have a laptop with internet connection. Even if you are on the move, you can read and watch relevant Latest News India at in.reuters.com.

Kingfisher grounding 15 aircraft being unable to meet maintenance and overhaul expenses, the airline’s prospect of getting $47 million loan from Sahara, India targeting hunger with food subsidy plan, whether the Govt. is going to cede to Anna’s demands on Lokpal Bill, rupee falling below 53 to US dollar, RAW getting power to tap phones and track emails – these are few of the latest news on India. And when we talk of live stock market statistics, sensex tanked 208 points and nifty 69 in pre noon trade. Visit the Live Stock Market section at in-reuters.com for complete Indian market statistics.

Managing your complete financial portfolio happens with the click of a button at in.reuters.com. You can make use of the financial portfolio manager tool here and track your finances. Calculating your net worth, asset allocation is easy with the financial portfolio tool; it lets you know about your chosen strategy.

Market Indices and Exchange Rate

December 21, 2011 Leave a comment

NSE nifty down 1.21 percent at 4,595.50, BSE sensex down 1.19 percent at 15,312.50 – that’s the performances of the Indian stock market indices on early Dec 19 trade. Yes, both BSE sensex and NSE Nifty shares fell. The sapping of market confidence across Asia, in fact, downtrend of world stock market indices, can be attributed to a lack of progress on resolving the European debt crisis not to mention cooling economic growth.

It has been for over a year now that the NSE nifty and BSE sensex indices have been exhibiting a mixed trend with hardly satisfying results and the world stock market indices are no exception. There have been newer reasons every time the market fell, all related to economic and political crisis including scams. Visit in.reuters.com to view latest NSE nifty and BSE Sensex indices including world stock market indices.

So, you are looking for an exchange rate. The aforesaid portal can serve your purpose. It runs an online currency converter tool, using which you can find out the exchange rate of the desired currencies. Options of all existing currencies of the world are displayed in the dropdown of the tool. Use it and get the exchange rate in seconds!

India Top News, Stocks and Mutual Funds

December 1, 2011 Leave a comment

The day for investors starts with a sip of India top news, NSE and BSE performances, charts of top mutual funds, complete business news, commodities, currencies including finance news on India. Latest news details of all these topics can be accessed at in.reuters.com, the only news portal that publishes relevant news faster than other platforms.

NSE Nifty and BSE sensex rising in choppy trade, retail reform freezing dysfunctional parliament, GDP growth at 6.9 percent in Q2, which is the slowest in more than 2 years, India gold futures hitting 2-week high and silver down, Bharti crossing 50 million mobile customers in Africa are India top news as of 30th November.

Finance and business are interdependent terms and both the segments drive an economy. According to the latest finance news on India, India’s economy grew at its weakest pace in more than two years in the quarter that ended in September this year. No wonder, India is Asia’s third-biggest economy. But rising interest rates, inflation, and crisis-hit global capital markets have affected the economy at large. For detailed and more finance news on India including other India Top News, visit in.reuters.com. Here you can also come across news on top mutual funds, stocks, and more.

Live Stock Market and Stock Recommendations

December 1, 2011 Leave a comment

The market has been so volatile for more than a year now that it is just difficult to judge out the most lucrative one amid the most active stocks exhibited in the live stock market page in many an online portal. And just following stock recommendations published anywhere only spoils the investing spirit because returns are hardly received. But one advice, given by stock experts, does makes sense. It is staying updated with the Live Stock Market statistics. And yes, if you are a short term trader, staying updated every now and then is a must. This is because live stock market statistics displayed now may be different after some time; say even in seconds or minutes or hours.

Getting maximum returns all depend on how updated you are, how you select the right stocks from amid the most active stocks, how you take buying and selling decisions, how you make use of investing tools, and related paraphernalia. I do take into account the stock recommendations given by my broker; but I don’t just invest on those stocks blindly. Analysis is my cup of tea. Stock Recommendations offered by in.reuters.com can be relied. But again, it is cautious investment that pays.

News For the Diversified Investor

October 20, 2011 Leave a comment

Are you a diversified investor? So, you have put in money in the BSE market, commodity market, mutual funds, and are involved in forex trading. Staying updated now and then with complete business line news should be part of your strategy. You should know the up-to-the-minute foreign exchange rate to take wise buying and selling decisions. For commodities market information, foreign exchange rate, BSE market, business line news, and more, I rely on in.reuters.com. Think of any market or political or any news published on earth – you can read them in detail at this portal. Ever since I started reading news at this portal, my information base has increased.

The NSE and BSE Market is not performing to the investors’ expectations at present. Ebb and flow is a humdrum affair. In the early morning trade (18th Oct.) itself, the NSE and BSE market saw the indices tumble by 67 and 200 points respectively.

When we speak of Indian commodities market information, we mean performance of all the indices including the bullion market. At in.reuters.com, up-to-the-minute market prices are displayed. And besides displaying charts of the latest Foreign Exchange Rate of all currencies, you can use the currency converter tool for results.

Safe Investment and Keeping Close Watch on Changing Market Price

October 19, 2011 Leave a comment

Safe investment and maximum returns – this is what Stock Market investors look forward to in any country and India is no exception. Whether it is NSE nifty stocks or BSE online stocks, it is market price that determines whether the indices would go up or down. Watching the live stock market every now and then does matter. Otherwise keeping a close watch on the changing market price will seem difficult; you will not be able to take wise buying and selling decisions.

For stock market price and latest live stock market updates, you can well bank upon in.reuters.com. This is a one stop platform where you can view the A-Z of news that matter to you right from stock market including NSE and BSE market conditions, business news, political news, entertainment, sports, and more.

On worries of foreign fund outflows with risk aversion gripping global investors, the BSE and NSE live stock market will exhibit a downtrend (18th Oct.). Market price of both BSE and NSE stocks are swinging in the pendulum. In the early morning trade itself, the sensex dropped 200 points followed by Nifty tumbling 67 points. Watch the performance of NSE and BSE online for up-to-the-minute updates.

Business Line News and Reuters

September 22, 2011 Leave a comment

Here is a one-stop news platform where you can come across detailed news on the NSE and BSE, get commodities market information, foreign exchange rate, read business line news, sports news, and more. It is in.reuters.com. As an investor in the BSE market, forex, and commodities market, etc., you will be always required to stay updated with related news. It is then that you will make profits because you can take wise buying decisions as an informed investor. To know how the various stocks are performing, business line news will let you stay informed. Most of the top companies of myriad segments are listed in the BSE. Hence it is no surprise if the business line news carries enough news on the BSE market. It is you who gain a competitive advantage as you get to know the market better.

When it comes to commodities market information, performance of the commodity indices will let you know about the performance of the various commodities. As a forex trader, knowing about the latest foreign exchange rate is a must. This is because value of a currency changes every now and then. Finding the Foreign Exchange Rate using a user-friendly calculator best serves the purpose.

Becoming a Better Investor in Money Market

September 21, 2011 Leave a comment

Looking for the most powerful and the best portfolio manager for stock and forex support with real-time valuations? So, you are trading in stocks, currencies, commodities and everything that the money market has to offer and you want detailed graphical and statistical performance metrics. The best portfolio manager can do it in no time. Based on NSE and BSE live statistics, money market and Mutual Fund India performance not to mention commodity indices, you will be guided towards becoming a better investor. Go online, visit in.reuters.com. Here you can get the support of the best portfolio manager.

As per the latest BSE live statistics (16th Sept.), the sensex closed over 57 points up at 16933.83 points. Commodity indices are fluctuating too with rising fear of recession in the US and debt crisis in Europe. When you invest in the money market, what is required is cautiousness so that you maintain a winning edge. Mutual fund investment in the Indian money market is fast gaining momentum even in a volatility market.

Want to view Budget 2011 highlights. Again in.reuters.com is your destination. Here you can view Budget 2011 in detail encompassing complete in-depth coverage from basics to business. Go online and stay updated!

Most Active Shares, BSE Stock Prices and Sensex Index

August 30, 2011 Leave a comment

Someone has rightly said that if you invest in the most active shares in a low performing market, you do gain beyond your expectations in the long term, i.e. once the market goes up. Performance of the nifty and sensex index over the years has proven that fast growth does not happen. Hence your investment in the most active shares should be for the long term. What about intraday trading? For that, you will have to be an expert investor. A detailed watch on the changing NSE and BSE stock prices not to mention closely watching the changing trends of nifty and Sensex Index is a must if you want to experience a win-win situation.

BSE Stock Prices get displayed in a chart against the names of companies listed in the BSE. You can read about the companies and know about their performances for the last several months online. Choose only those companies that have maintained growth even in times of low market performance. Likewise, chart exhibiting the most active shares also get displayed. Do not just blindly choose the shares because these are tagged as most active; conduct a research so that you take wise buying and selling decisions.

Top Business News in India and Stock Market

August 30, 2011 Leave a comment

So, what are the top business news in India at the moment? Well, almost all business news are related to the stock market. Up-to-date performance of companies listed in the NSE and BSE can be accessed in the live stock market section in a news portal.

Sensex tanking over 300 points, Nifty stocks performing low with index going below 4,900, ONGC overtaking RIL to become India’s second-most valued firm, oil slipping below $81 on renewed demand fears, gold futures hitting record high of Rs 27,500, Murthy’s journey with Infosys coming to an end, and more are the top Business News India.

If you are a stock market investor, the low performing sensex and nifty stocks and statistics exhibited in the live stock market will only create a panicky situation. This is because the sensex and nifty are further going down. Even Stock Recommendations published at many an online platform won’t serve your investing purpose. A close watch of the market is a must so that you still maintain a balance of profits and losses. Go for stock recommendations published at a reputed news portal. When there are so many news platforms, you will certainly get confused. You can well bank upon in.reuters.com.

Currency Exchange Rates, Market Statistic, Active Stocks

July 28, 2011 Leave a comment

Want to view up-to-date Currency Exchange Rates because you are all geared to go for an international trip? Visit a news portal such as in.reuters.com. Here, you can get the A-Z of relevant latest news on every segment, both national and international. Market investors can bank upon this platform for the most active stocks, latest market statistics, and related news with just a click of the mouse.

If you are involved in forex trading, it is a must to stay updated with the up-to-the-minute currency exchange rates. Monitoring the markets real-time and thereby enjoying higher returns taking the right trading decisions can happen only if you take out time from your busy schedule for the same.

At many an online platform, you must have often come across charts carrying a list of the most active stocks. Well, do not just invest blindly only because these are the most active stocks. Consider the complete Market Statistics, conduct a research on trends, history, use analysis tools, and accordingly take buying and selling decisions.  When we speak about market statistics, it may mean sensex and nifty performances, top gainers, top losers, small cap, mid cap, sectors in the uptrend and downtrend and related paraphernalia.

Stock Prices Influenced By Market Trends

April 26, 2010 1 comment

The Stock Market scenario in India over the years has shown both positive and negative trends; the negative factor is less prominent. Examples of negative trends were those related to the 2008-09 recession period. Stock prices in India are again influenced by these very trends. It is the stock exchanges in India, especially the BSE and NSE that have changed the entire capital market milieu in India. Special mention needs to be made of the BSE, the oldest stock exchange in the country, in fact, the whole of Asia. During its 134 plus years of existence, it played a contributory role in raising funds from the public for expansion of companies as well as for government tasks. To trade in BSE stocks, you will have to take note of BSE stock prices.

With online trading picking momentum by the day, you can view Stock Quotes India online besides collecting information on the A-Z of the stock market. Visit a financial news portal and you will get answers to all your stock related queries. Such news portals display charts on stock prices related to the BSE and NSE. No matter where you are, you can view the same and buy the selected ones in a matter of seconds. All you need to have is an online trading account; your broker will handle all the transactions. Trading online from the comfort of your space as per your convenience is facilitated only by online trading. If you register yourself in one of these portals, you can avail a lot of benefits. A subscription will let you receive relevant information right at your mail box. Besides, you can also get share market tips, view up-to-the-minute stock quotes, get stock recommendations, helping you choose potential stocks.

Do use your analytical capabilities as you watch market trends. Your cautious approach and attention to detail can help you take the right decision, i.e. buying the right stocks which will prove profitable for you both in the short and long run. The market is steered by the forces of demand and supply; when the market witnesses more buyers than sellers, the market will show an upward trend and vice versa.

Categories: Stock market news

The Rupee Strengthened to Its Highest Level in More

March 29, 2010 Leave a comment

The rupee strengthened to its highest level in more than 18 months on Monday morning boosted by the dollar’s weakness against major currencies and mild gains in the local Stock Market.

* At 9:07 a.m, the partially convertible rupee was at 45.10/11 per dollar, its strongest since Sept. 10, 2008 and above its close of 45.23/24 on Friday.

* The index of the dollar against six major currencies was down 0.2 percent.

* The euro jumped in early Asian trade on Monday on a bout of short covering by investors, extending broad gains made late last week after euro zone leaders approved a safety net for debt-laden Greece.

* The BSE Sensex rose 0.4 percent early with auto makers leading the gains on hopes for strong sales in March.

Categories: India business News

Mukherjee Says to Allow PVT Firms Issue Infra Bonds

March 23, 2010 Leave a comment

The government will allow private-sector firms to issue infrastructure bonds to raise funds for projects, Finance Minister Pranab Mukherjee said on Tuesday. Read More @ Indian News

Categories: india news

BSE Sensex Tops 17,500, It’s First Time Since Jan 20

March 17, 2010 1 comment

The BSE Sensex rose 0.7 percent early on Wednesday, climbing above 17,500 points for the first time since Jan. 20, mirroring the rally in world equities.

Reliance Industries and ICICI Bank led the gainers.

At 9:02 a.m. (0332 GMT), the 30-share BSE index was up 0.66 percent at 17,497.33 points, with 29 components advancing.

The 50-share NSE index was up 0.6 percent at 5,231.20.  Read More @ India News

Categories: Stock market news

Rupee Holds in Tight Range, Shares Watched

February 23, 2010 Leave a comment

The rupee traded in a narrow range on Tuesday as marginal weakness in the Share Market India and mixed cues from other Asian peers failed to provide any clear direction to the local unit.

* At 9:20 a.m. the partially convertible rupee was at 46.18/19 per dollar, little changed from 46.21/22 at close on Monday.

* Asian currencies were trading mixed compared to the dollar.

* Indian Stock Market were trading down 0.1 percent in early trade on Tuesday, with Reliance Industries and HDFC Bank leading the decline, as investors were wary ahead of the national budget on Friday.

* The U.S. dollar consolidated on Tuesday with traders on the sidelines on speculation the Federal Reserve would hose down talk of early monetary tightening, leading some investors to steer clear of the greenback.

Categories: Stock market news

Asia Shares Up, HK Shrugs off China Moves

February 17, 2010 Leave a comment

Asian shares leapt on Wednesday after a jump on Wall Street, with financial and resource Stock Market leading and shares in Hong Kong shrugging off China’s latest move to temper robust lending.

The Hang Seng rose 1.7 percent after a long Lunar New Year holiday break, with Chinese banking stocks like Bank of China gaining over 2 percent despite Friday’s surprise hike in bank reserve requirements by Beijing as it tries to moderate credit growth and inflationary pressures.

Shanghai markets remain shut for the entire week.

Shares in Tokyo climbed 2.1 percent, buoyed by resource stocks such as Mitsubishi Corp, while the MSCI index of Asian shares outside Japan rose 1.5 percent, touching its highest level in three weeks.

Resource shares gained after copper led a rally across the broader base metals complex on Tuesday as the dollar stumbled and as equities markets recovered from a sell-off in recent weeks that was triggered by growing debt problems in Greece and fears that the global economic recovery was losing momentum.

U.S. stocks posted gains of as much as 1.8 percent overnight as traders returned from a three-day break, helped by strong New York State factory data and gains in European equities, which were buoyed by upbeat results from UK bank Barclays.

“There’s a bit more of a shift to riskier assets, especially those linked to commodities, and this may continue for a day or two,” said Tomomi Yamashita, a fund manager at Shinkin Asset Management in Tokyo. Read More at Live Stock Quotes

Categories: Stock market news

BSE Sensex Falls at Open

January 29, 2010 Leave a comment

The BSE Sensex dropped more than 1 percent in opening deals on Friday, hurt by a slide in global stocks and led down by losses in Infosys Technologies and Reliance Industries.

At 9:01 a.m. (0331 GMT), the 30-share BSE Index was down 0.91 percent at 16,158.05 points, with only two components advancing.

Tata Steel, the world’s eighth largest steel maker by output, was down 1.8 percent at 575.20 rupees. It had rallied 4.8 percent on Thursday after forecast-beating third-quarter results.

The 50-share NSE index was down 1 percent at 4,817.45.

Categories: India Market News

BSE Sensex to Open Up on Asia, Inflation Data Key

January 14, 2010 Leave a comment

The BSE Sensex is likely to open higher on Thursday, helped by a rebound in global markets, with investors waiting for inflation data in the middle of the day for clues as to when and how monetary policy will be tightened.

Wholesale prices are forecast to have rise 7.31 percent in December from a year earlier, the median forecast in a Reuters poll of 22 economists showed, up from a rise of 4.78 percent in November.

A higher-than-expected inflation figure could put pressure on banks, such as State Bank of India and ICICI Bank, on concerns it could see the Reserve Bank act aggressively to tighten policy at its Jan. 29 review.

“We should start higher, looking at the rise elsewhere in Asia. But, it depends on inflation data later. It seems to be going out of control,” said Arun Kejriwal, director of research firm KRIS.

Asian shares were up. The MSCI’s measure of Asian markets other than Japan had risen 1.1 percent at 0238 GMT, and Japan’s Nikkei had gained 1 percent.

Nifty India stock futures in Singapore were up 0.3 percent, pointing to a higher start in the domestic market. Read More at Stock Market News

Categories: Stock market news

India’s ICICI Sees 2010 Infrastructure Growth Report

December 31, 2009 Leave a comment

Infrastructure, telecoms and health are expected to be among growth sectors for the Indian economy next year, ICICI Bank Ltd (ICBK.BO: Quote, Profile, Research) Chief Executive Chanda Kochhar said in an interview published on Tuesday.

India’s three-year investment of about $250 billion for industrial and infrastructure development will be a “growth multiplier”, she told business daily Il Sole 24 Ore.

“In terms of organic growth, cement, steel and everything involved in infrastructure looks good, from power plants to highways,” Kocchar said.

“In terms of inorganic growth, the spectrum is very broad. The first things that come to mind are health and telecommunications.”

She said rural India was the next factor for growth by private banks such as ICICI, India’s No.2 lender.

Categories: Currency News

US STOCKS-Wall St Seen Down as Inflation Fears Creep

December 16, 2009 3 comments

Wall Street was headed for a lower open on Tuesday as producer prices rose more than expected, igniting fears of inflationary pressures, and a gauge of manufacturing activity in New York state unexpectedly plunged in December.

Investors worried that rising prices would prompt the Federal Reserve to revise its low-interest-rate policy, which has been partly responsible of increased risk-taking.

“Both PPI and the Empire State manufacturing survey have an intertwining theme and that is increasing prices. That is the one thing the market is most fearful of,” said Burt White, managing director and chief investment officer at LPL Financial in Boston.

“The market’s worried about what’s going to make the Fed put the brakes on. Everyone’s on inflation watch.”

S&P 500 futures SPc2 fell 4.4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc2 dropped 36 points, and Nasdaq 100 futures NDc2 lost 7.25 points.

The Labor Department said the producer price index rose 1.8 in November, much more than the forecast 0.8 percent rise.

The New York Fed’s Empire State general business conditions index fell to 2.55 in December from 23.51 in November.

The U.S. dollar strengthened against the euro and the dollar index .DXY rose 0.6 percent to its highest level since early October.

The Fed will kick off a two-day policy-setting meeting later Tuesday, with a statement on the economy expected around 2:15 p.m. EST (1915 GMT) on Wednesday. (Additional reporting by Leah Schnurr; editing by Jeffrey Benkoe)

Categories: India business News

BSE Sensex seen up; Tata Motors, ACC watched

December 2, 2009 1 comment

The BSE Sensex is expected to start higher on Wednesday, with cement makers in focus after most of them reported a rise in November shipments.

Firmer world markets, robust auto sales and strong September quarter GDP data would all underpin investor confidence, traders said.

Aditya Birla Group, which is combining its cement operations under group firm UltraTech Cement, said on Tuesday cement shipments rose 15.3 percent in November from a year earlier.

But rival ACC said its shipments in the month declined to 1.66 million tonnes from 1.73 million tonnes a year ago.

Top vehicles maker Tata Motors, which hit an 18-month high on Tuesday, will be on the radar after it said its sales in November rose 65 percent.

Mahindra Satyam will be watched after the outsourcer said it was aware of Indian investigators’ fresh charges against its former chairman and nine others, accusing them of forging board resolutions to get loans, but its potential impact was yet to be assessed.

The MSCI’s measure of Asian markets other than Japan was up 1.2 percent by 0322 GMT, while Japan’s Nikkei edged 0.2 percent lower.

The Nifty India stock futures in Singapore were up 0.3 percent, indicating the domestic market may open higher.

Categories: Stock market news

U.S. Bancorp Gets $18 Bln Seized Bank Assets

October 31, 2009 Leave a comment

U.S. Bancorp on Friday acquired nine banks held by FBOP Corp, picking up $18.4 billion in assets after regulators seized a major Los Angeles lender and eight other banks in the latest failures to emerge from the financial crisis.

Among the banks Minneapolis-based U.S. Bancorp acquired was Los Angeles-based California National Bank, taken over by regulators on Friday in what the Los Angeles Times called the fourth-largest U.S. bank failure this year.

Bank failures in 2009 hit 106 last week, their highest annual level since 1992, with more expected to come. The largest institution to fail in the current financial crisis was Washington Mutual, which boasted $307 billion in assets when it was shuttered in September 2008.

Visibly worried employees lined up to file into Cal National’s head offices in the heart of a deserted downtown Los Angeles on a chilly Friday evening, where they had their employers’ fate explained to them, regulators said.

“We’re getting ready to turn everything over to U.S. Bank,” said Roberta Valdez, a spokeswoman for the Federal Deposit Insurance Corp, which helped supervise the transfer of FBOP’s assets. “They will continue to operate as normal in the interim,” she added, referring to lenders acquired from FBOP.

U.S. Bancorp — which has been buying up distressed assets this year — is picking up eight other lenders once owned by FBOP, a private Illinois group with over $18 billion in assets that owns banks in Texas, Illinois, Arizona and California.

Cal National is FBOP’s largest bank by branches. Others that will now go under the U.S. Bancorp umbrella included BankUSA, Citizens National Bank, Madisonville State Bank, North Houston Bank, Pacific National Bank, Park National Bank, San Diego National Bank, and the Community Bank of Lemont.

“This transaction is consistent with the growth strategy that we have outlined many times in the past, which includes enhancing our existing franchise through low-risk, in-market acquisitions,” said Rick Hartnack, vice chairman of consumer banking for U.S. Bancorp.

Categories: money news

Rupee strenghtens on dollar weakness, stocks eyed

October 20, 2009 Leave a comment

The rupee rose towards the 46 per dollar mark early on Tuesday buoyed by the dollar’s fall versus major units, while traders awaited the domestic sharemarket open for cues on foreign fund flows.

* At 9:04 a.m. the partially convertible rupee was at 46.03/04 per dollar, stronger than its Friday’s close of 46.29/30. The market was closed on Monday for a holiday. Last Thursday, the rupee rose to 45.80, its best since Sept. 24, 2008.

* The dollar fell to its lowest level in 14 months against a basket of currencies on Tuesday on persisting views that the United States will stick to a low interest rate policy.

* The dollar index, a gauge of the U.S. units performance versus six majors, was down 0.4 percent.

* The Morgan Stanley index of asian Stock Market ex-Japan was up 1 percent and the Nifty India stock futures traded in Singapore were up 0.3 percent, both pointing to a firm start to the local market.

Categories: Stock market news

Gateway to the Truth of Stock Market

September 24, 2009 Leave a comment

The ever fluctuating Indian Stock Market offers many an aspirant investors to put their money on stake and gain huge amount of money however, the case can be reversed too. Reaping profits in the stock market is not a cakewalk especially in today’s recession struck scenario. One needs to be cautious and well aware of the direction of the economic tide. Risk taking is often appreciated if it turns out with great profits however; one needs to have a safe base too while taking risks. Studying the stock market revelations from time to time can help one gain the crucial information needed to guide one through the investments or free stock quotes online too can be other safe way out.

A number of sources can keep you updated with the stock profile and the stock updates of the BSE Companies and provide you with apt stock recommendations. To keep oneself updated with the latest stock quotes and share prices, one needs to know the essentials of the Indian stock markets briefly. Stock recommendations can also come in directly through stock brokers or agents too but in the end it’s your money and your decision that counts the most.

Categories: Stock market news

ADB Lifts India’s FY10 Forecast of Growth to 6pct

September 22, 2009 2 comments

The Business News of todays is that the Asian Development Bank on Tuesday raised India’s growth forecast for 2009/10 on higher public spending, stronger factory output and improved business confidence, but warned rising fiscal deficit is unsustainable.

In the Asian Development Outlook 2009 update, the bank lifted the growth forecast for the year to end-March 2010 to 6 percent from earlier 5 percent.

In 2010/11, it expects the economy to grow by 7 percent from the previously estimated 6.5 percent on hopes of better rainfall and a rebound in exports.

In the 2008/09 fiscal year, India’s economy grew 6.7 percent, its weakest in six years and well below rates of 9 percent or more in the previous three years. Read More…

Categories: India Market News

Economy is About to Stabilise in 6 Months

September 14, 2009 1 comment

According to Business News India’s economy will stabilise in the next six months and loan growth is showing signs of improvement, the plan panel deputy chairman Montek Singh Ahluwalia said on Monday.

Asia’s third-largest economy grew 6.7 percent in 2008/09, slower than 9 percent or more expansion clocked in the previous three years, and policy makers expect growth to slow towards 6 percent in 2009/10.

Categories: India Economy News

Indian Shares Provisionally Rise 0.4 pct

September 9, 2009 Leave a comment

Indian Stock Market shares provisionally rose 0.37 percent on Wednesday, led by Reliance Industries (RELI.BO: Quote, Profile, Research) and private lender HDFC Bank (HDBK.BO: Quote, Profile, Research) and taking a winning streak to four days in a row.

The 30-share BSE index .BSESN provisionally ended 59.32 points higher at 16,182.99, with only 11 stocks gaining. Read more..

Categories: India Market News

Gains to 1 pct in Indian Shares

September 4, 2009 Leave a comment

Indian shares in Share Market India extended gains to 1 percent on Friday afternoon as investors sought bargains after the market dropped 3.3 percent over the past four sessions.

At 2:03 p.m. (0833 GMT), the 30-share BSE index .BSESN was up 1.1 percent at 15,573.96 points, with 26 stocks gaining.

The 50-share NSE index .NSEI was up 1.2 percent at 4,649.75.Read More..

Categories: India Market News

Indian Shares eEtend Losses to 2 pct

August 31, 2009 Leave a comment

According to Business News Indian shares extended losses to 2 percent on Monday afternoon, as investors cashed in profits after the market jumped 7.5 percent over the past 1-½ weeks and as weak overseas peers weighed on sentiment.

At 2:03 p.m. (0833 GMT), the 30-share BSE index .BSESN was down 2 percent at 15,611.85 points, with 24 stocks declining.

The 50-share NSE index .NSEI was down 1.9 percent at 4,642.05. Read More..

Categories: Stock market news

Govt Unveils Steps to Reverse Export Decline

August 27, 2009 Leave a comment

According to today’s Business News India plans to cut transaction costs for exporters and ensure the availability of dollar finance as it looks to reverse a decline in exports and double outbound sales of goods and services over the next five years.

Commerce and Industry Minister Anand Sharma, who reiterated India’s commitment to a successful end to the Doha round of World Trade Organisation talks, said on Thursday he expects exports to reach $200 billion in the fiscal year ending March 2011.

India’s exports were $168.7 billion in 2008/09, but have been have been falling in annual terms since October as the global credit squeeze followed by recession in developed nations sapped demand. Read More..

Categories: India business News