APN News

  • Friday, April, 2024| Today's Market | Current Time: 10:27:53

    • Stock & Share

    Sensex down 118 points; banking stocks hit

    Continuing its losing streak, the BSE benchmark Sensex on Tuesday further lost over 118 points in early trade as banking stocks slumped after international rating agencies downgraded the debt rating of the nation’s top three public sector lenders. The 30-share index, which lost 745.68 points in the previous two sessions, fell further by 118.18 points, […]

    Currency

    Rupee falls 23 paise vs dollar in early trade

    Falling for the third day in a row, the rupee on Tuesday depreciated further by 23 paise to 62.83 against the dollar in early trade at the Interbank Foreign Exchange market on approaching month-end demand for the US currency from importers. Besides, a weak opening in the local equity market put pressure on the domestic […]

    Banking

    RBI sets up panel to frame vision for financial inclusion

    The Reserve Bank on Monday announced a 13-member committee, including former Citibank CEO Vikram Pandit and Axis Bank chief Shikha Sharma, to frame a “clear and detailed” vision for financial inclusion/deepening across the country. The ‘Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households’ has been tasked to develop a comprehensive monitoring framework […]

    Banking

    Bank of Maharashtra opens 3 new Rural Branches in Hapur

    Bank of Maharashtra a premier Nationalized Bank has opened 3 new rural Branches at 1. Fagouta 2. Nizampur 3. Galand, at Hapur Districts (Panchsheel Nagar)  in Uttar Pradesh on 22nd September 2013 inaugurated by Honble M. P.  Shri. Rajnath Singh, in the presence of Shri Narendra Singh, Chairman & Managing Director, Bank of Maharashtra (BoM) […]

    Business

    ‘High trade deficit with China not sustainable in long run’

    India on Monday said the widening trade deficit with China is not “sustainable” in the long run and asked the neighbouring country to give more market access for its products even as Beijing assured all steps in this direction. In 2012-13, India’s exports to China was only USD 13.53-billion while imports stood at USD 52.24-billion. […]

    Currency

    Sensex below 20K, down 363 pts as rate hike fears hits banks

    Falling for the second day, the BSE benchmark Sensex on Monday ended about 363-points lower at 19,900.96 as investors continued to unwind positions in banking, realty and capital goods stocks on heightened fears that the RBI will hike repo rates further to curb inflation. After losing 383 points in the previous session as Reserve Bank […]

    Currency

    Mayaram: Intrinsic value of rupee could be at 58-60 a dollar

    Finance Ministry today said the rupee should ideally be at 58-60 to a dollar based on the intrinsic value of the domestic currency. “There is something called intrinsic value of rupee. The intrinsic value of rupee comes from its purchasing power. The intrinsic value of rupee in Real Effective Exchange Rate (REER) term could be […]

    Stock & Share

    Sensex down 206 points in early trade on selling pressure

    The BSE benchmark index Sensex fell over 206 points in early trade on Monday, extending losses for the second straight session, on sustained selling by funds and retail investors after an unexpected hike in repo rate by the Reserve Bank last week. The 30-share index fell by 206.61 points, or 1.01 per cent, to 20,057.10, […]

    Currency

    Rupee down 20 paise against dollar in early trade

    The rupee fell by 20 paise to 62.43 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on demand from importers for the US currency amid a lower opening in the domestic market. Forex dealers said besides fresh demand for the American currency from importers, a hike of 25 basis […]

    Markets

    Fundamental & Technical Outlook on Commodities

    By Mr. Vivek Gupta Precious metal Gold prices on spot and futures market could rule marginally lower as data from the US showed that home sales increased in August, point to signs of some recovery in the economy.  The Finance Ministry’s officials  meet ended the impasse on gold imports that have been affected since the […]

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