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May 26, 2013
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Finance
BSE Sensex snaps 5-week winning streak; drops 582 points
The broader NSE index rose 0.28 percent, or 16.50 points, to end at 5,983.55, but ended 203.75 points or 3.29 percent lower for the week.
Latest News
Sensex recovers to end 31 pts higher; banking and pharma gain
After a better start, the 30-share Sensex fell to the day's low of 19,652.69 as investors adopted a cautious before Wholesale Price Index (WPI) based inflation data release.
MCX, NCDEX restart futures trading in guar seed, gum
FMC has now allowed trading in guar seed and gum June 2013, July 2013 and October 2013 contracts to facilitate price discovery and price risk management, the exchanges said.
FM meets bankers, industrialists in B'lore, H'bad
Finance Minister P Chidambaram on Tuesday met senior bankers and top industrialists here to thrash out the issues that have stalled a large number of projects across the country on various counts.
Fin Min sees room for easing of rate by RBI to push growth
Encouraged by the declining trend in inflation, the Finance Ministry on Tuesday made a case for further rate cut by the Reserve Bank to boost sagging growth.
Don't staple, issue only clean notes: RBI to banks
The Reserve Bank has directed banks to do away with stapling of note packets and issue only clean currency notes to the public.
Rupee futures lead huge surge in currency volume at DGCX in April
The Dubai Gold and Commodities Exchange (DGCX) has said it witnessed a whopping 153 percent rise in currency volumes in April, led by one of its flagship contracts -- Indian rupee futures.
Ranbaxy recovers lost ground; shares end nearly 4% higher
Shares of Ranbaxy Laboratories recovered from early losses and settled nearly 4 percent higher on hopes that settlement of its long lawsuit in the US would be positive for drug maker the in the long term.
Rupee down 8 paise at 54.81 vs dollar in early trade
Forex dealers said dollar strengthening against other currencies in the global market also put pressure on the rupee.
BSE Sensex recovers 110 points; Nifty reclaims 6K-level
The BSE benchmark Sensex on Tuesday rose by over 110 points in mid-session trade on selective buying by funds, amid an improving trend on other Asian bourses.
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