The base metal sector saw an excellent performance for whole of this week, but today seemed to be a day of consolidation. Copper saw a percentage point of a decline there but most of the fundamentals were very supportive. The dollar index was at seven weeks lows and investors were concerned about possible tightening of credit. It’s... More

Markets continued their downward journey for the second straight session. Frontline indices slipped nearly 3.5% from the day’s highs to close deep in the red. The Nifty closed at 4,399 down 70 points, while the Sensex shut shop at 14,843 down close to 220 The most disconcerting part of the sell-off was that it happened with... More

Railway minister Mamata Banerjee on Friday presented the 15th Railway Budget in Parliament. Presenting a promised ‘pro-people’ budget, the railway minister said that economic viability is not the only index of development, according top priority to social commitment. She went on to add, “People expect to get better... More

Bajaj Auto (BAJAJAUTO.NS: 2101.05 0), the country’s second largest manufacturer of two-wheelers, plans to almost double its sales in the country by the second half of 2009-10 on the back of six new launches this year. From an average of 1,10,000 units sold in the domestic market in the past two months, the company expects... More

The only victory over the UPA government (led by 262 seats) in the 15th Lok Sabha election, which has shrugged of the output results in a drastic way the polls, a great joy for the markets in early trade. The benchmarks above circuit locked. The BSE and NSE have decided that the trade from 11:55 am (ie after two hours to end). In... More

Vice-President and Global CIO-Equity, BlackRock, said the U.S. market is not to test new low, but was quick to add that the S & P 500 back in May at 750-800 levels. He added that the markets are showing resistance to the epidemic of swine influenza. I do not think we will test new lows. We might go back to 750-800 zone on the... More