Indians to spend more this Diwali, shows a surveyOctober 8th, 2009 NEW DELHI - Despite the economic slowdown, Indian consumers are upbeat about spending this festive season, according to a survey. "The average Diwali spend among Indians this year would be $213 with household items, health and beauty, entertainment and vouchers or gift cards topping the Diwali gift list," said the survey by online payment company PayPal.
Trading dull at Indian stock marketsSeptember 24th, 2009 MUMBAI - Indian equities markets were trading on a fairly tepid note a little after noon Thursday, although a key index recovered after falling steeply in the morning session and was ruling 0.74 percent lower than its previous close. At 12.49 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower at 16,905.5 points, was ruling at 16,595.38 points, 124.12 points or 0.74 percent lower than Wednesday's close of 16,719.5 points.
Schwarzenegger to call special session on taxes; grants tax commission another extensionJuly 30th, 2009 Schwarzenegger to call special session on taxesSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger says he'll call a special session of the state Legislature to address California's volatile tax system.
Markets trading weak in morning sessionJuly 21st, 2009 MUMBAI - A key index of the Indian markets opened weak Tuesday, moving down 103 points from its last closing figure about 45 minutes into trading after opening in the green. The 30-scrip index of the Bombay Stock Exchange (BSE), the Sensex, which opened higher at 15,218.83 points, was at 15,087.5 -- 103.51 points or 0.68 percent lower than Monday's closing figure.
Volatile trading continues at markets (Second Lead)July 10th, 2009 MUMBAI - Indian equities markets were trading volatile Friday afternoon, with a key index ruling seven points lower than its last close about two hours before closing bell. Around 1.30 p.m., the benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 13,803.12 points was trading at 13,757.27 points, 7.66 points or 0.06 percent below Thursday's closing figure.
BSE crosses 140 points on opening tradeJune 22nd, 2009 MUMBAI J - The Bombay Stock Exchange (BSE) benchmark sensex crossed over 140 points in opening trade, thanks to the capital inflows by foreign funds, and signals of stability from the other Asian markets. Continuing its rising pace for the second consecutive session, the 30-share index, which was pitched at 256.36 points in the last session, collected another 140.40 points, to register 14,662.29 in opening trade.
Indian markets toast UPA win as sharp surge halts tradingMay 18th, 2009 MUMBAI - The Indian stock markets Monday gave a resounding welcome to the electoral victory of the Congress-led coalition and trading was suspended for the day at the bourses after key indices touched the upper circuit filter twice in about two hours. This was for the first time trading was suspended for the day at both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) because their key indices hit the upper circuit - an in-built mechanism to curb excessive volatility.
Indian markets expected to rejoice surprise electoral outcomeMay 16th, 2009 NEW DELHI - Hoping for continuity in governance, stock markets in India are expected to rejoice Monday as the United Progressive Alliance (UPA) looked all set to return to power, after election results Saturday handed huge unexpected gains for the Congress-led coalition. 'The results will certainly have a positive impact on the markets as they were hoping for stability in the next government,' said Arvind Mahajan, executive director with leading global consultancy KPMG.
Markets hold on to gains, Sensex up 5 percentApril 2nd, 2009 MUMBAI - Indian equities markets, which soared in the morning session, held on to their gains Thursday afternoon. About 90 minutes before the closing bell, a key index was ruling 5.09 percent higher.
Markets slip deep into the redMarch 30th, 2009 MUMBAI - Indian equities markets slipped deep into the red in the early morning session Monday, with a key index trading about 250 points or 2.56 percent lower than its last closing figure. The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened at 9,902.35 points, lower than its 10,048.49 point close Friday.
Markets hold firm in morning tradeJanuary 27th, 2009 MUMBAI - Indian equities markets, which opened higher Wednesday, managed to hold on to their gain through most of the morning, though trading volumes remained low. A little before noon, a key index was about 0.87 percent higher than its last closing figure.
Markets hold on to gainsJanuary 26th, 2009 MUMBAI - Indian equities markets were trading firmly Tuesday, with a key index trading 3.42 percent higher than its previous close nearly an hour before the closing bell. The sensitive index of the Bombay Stock Exchange (Sensex) was at 8,971 points, 3.42 percent or 296.554 points higher than Monday's close.
Markets hold on to gains in afternoon tradeJanuary 13th, 2009 MUMBAI - The Indian equities markets held on to gains of morning trade about two hours before close Wednesday, with a key index trading about 2.31 percent above its previous close Tuesday. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 2.31 percent or 209.7 points over its previous close and was trading at 9,281.33 points.
Markets fail to hold on to meagre gainsJanuary 12th, 2009 MUMBAI - The Indian equities markets could not hold on to the marginal gains of the day, about an hour before close Tuesday, with a key index trading about 0.61 percent below its previous close. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 0.61 percent or 55.25 points over its previous close and was trading at 9,054.8 points, about an hour before close.
Markets manage to hold on to day's gains at close (Third Lead)January 1st, 2009 MUMBAI - Indian equities markets failed to hold on to an afternoon rally but managed to close marginally higher Friday than its previous close with a key index ending trade up 0.55 percent. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed 0.55 percent or 54.67 points higher from Thursday's close, and ended at 9,958.22 points after having crossed the psychological 10,000-mark during the day.