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Post by News Update on May 20, 2009 8:19:31 GMT 3
Sensex falls 220 points on profit-taking MUMBAI: The Bombay Stock Exchange benchmark Sensex fell by nearly 220 points in early trade today as funds and investors preferred booking profits at attractive higher levels after two sessions of strong rally. The 30-share barometer, which rallied 18% in last two trading sessions on hopes of a pro-market and accelerated reforms by the UPA government, lost 219.76 points at 14,082.27 on fresh spell of profit-taking mostly in banking and technology sector stocks. timesofindia.indiatimes.com/Sensex-falls-220pts-on-profit-taking/articleshow/4554645.cms |
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Post by News Update on May 20, 2009 8:54:19 GMT 3
Rupee up 7 paise against dollar MUMBAI: The Indian rupee turned better after opening weak and was quoted seven paise higher against the US dollar in late morning trade on Wednesday on sustained capital inflows in volatile equity markets. In fairly active trade at the Interbank Foreign Exchange (forex) market, the domestic currency resumed weak at 47.90/91 a dollar from its previous close of 47.78/80 a dollar but later bounced to 47.64 level before being quoted at 47.71/73 a dollar in late morning trade. timesofindia.indiatimes.com/Rupee-up-7-paise-against-dollar/articleshow/4554684.cms |
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Post by News Update on May 20, 2009 9:35:30 GMT 3
Gold demand soars among investors Demand for gold is soaring among investors, but hard-up consumers are shunning gold jewellery, figures from the World Gold Council show. Total demand for gold hit 1,016 tonnes in the first three months of 2009, up 38% from a year ago. Demand for gold as an investment rose 248% to 596 tonnes. news.bbc.co.uk/2/hi/business/8058360.stm |
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Post by News Update on May 20, 2009 10:37:41 GMT 3
LSE swings to loss after goodwill charge LONDON (MarketWatch) -- The London Stock Exchange (UK:LSE 705.50, +2.00, +0.29%) said Wednesday that it swung to a net loss of 338 million pounds ($524 million) in the year ended March 31, from a profit of 168.3 million pounds a year earlier. The loss was mainly due to a 484 million pound goodwill impairment charge arising from the slump in the economy and markets since its takeover of Borsa Italiana. www.marketwatch.com/story/lse-swings-to-loss-after-goodwill-charge |
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