Archive for the ‘Market’ Category

The rupee edged lower on Thursday as oil refiners bought dollars, while seesawing shares provided little clues on foreign fund flows. Full story

India's microfinance industry, which surged to prominence when George Soros-backed SKS Microfinance raised $358 million in an IPO, faces a regulatory clampdown that could erode profits and hurt growth. Full story

The rupee was marginally weaker on Thursday morning as local shares quickly gave up most early gains while some month-end dollar demand from importers also weighed. Full story

Software services provider Hexaware Technologies Ltd said on Thursday it posted a consolidated net profit of 420.36 million rupees in July-Sept on net sales of 2.82 billion rupees. Full story

The BSE Sensex rose 0.6 percent in early trade on Thursday, with Reliance Industries leading the rise, taking cues from strong Asian markets. Full story

The rupee should nudge higher early on Thursday following a pause in the dollar's rally versus majors overseas, but import payments by oil refiners could weigh. Full story

The BSE Sensex is expected to seesaw on Thursday as investors adjust their positions on the last day for monthly derivatives contracts. Full story

India's October gold imports are forecast to rise by 14.6 percent from a year ago, despite record high prices, as Hindu festivals and the metal's investment performance attract buyers. Full story

Most leading economists expect the Federal Reserve to buy between $80 billion and $100 billion worth of assets per month under a new program to bolster the struggling economy, a Reuters poll found on Wednesday. Full story

Asian stock markets rose on Thursday, having suffered their biggest one-day fall in four months, as a rebound in the dollar paused after the greenback recovered all of its losses against major currencies this year. Full story