The BSE benchmark Sensex snapped its 4-week losing streak by recovering 65 points amid fresh buying in capital goods, banking and refinery counters during the week.
The fall in the rupee did affect the sentiment by the middle of the week when the Indian currency hit an all-time low of 56.38 against the dollar but the market managed to recover subsequently.
Investors cheered the government's announcement to allow state oil companies to raise petrol prices, seeing it as a step taken towards fiscal consolidation.
According to some marketmen, although the rise in petro price will raise inflation, it would also help to bring down fiscal and current account deficit to some extent.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.