Rupee rises tracking gains

The rupee rose in money market on Tuesday, a day after posting its biggest one-day drop in five-and-a-half months, as stocks pulled back from a slide.
At 10:57 a.m. (0527 GMT), the partially convertible rupee was at 48.80/81 per dollar, 0.3 percent higher than the previous close of 48.955/965.

Dealers said gains made by euro and pound sterling against the dollar underpinned sentiment.

"The rupee has risen because the euro and pound are up from where we left them yesterday," a dealer with a private sector bank said.

Read more: http://in.reuters.com/article/businessNews/idINIndia-41811120090818

Govt stake sales to please market; no deficit cure

Power firm NHPC Ltd will kick off a $1.25 billion IPO next week in the first share sale by a state company since the Congress party's unexpectedly strong re-election in May spurred investor hopes for pro-market reforms.

Despite opposition from labour groups and leftist parties, the government is forecast by some watchers to offload roughly $5 billion a year in state shares, which could hearten a bond market worried about fiscal responsibility but do little to address a yawning deficit and $90 billion borrowing plan.

Uncertainty over how stake sale proceeds can be used also clouds the outlook for any benefit to government finances.

Source url: http://in.reuters.com/article/businessNews/idINIndia-41415320090730

Indian rupee up for 3rd day

The Indian rupee inched higher on Monday, extending its gains into a third session as a stronger start in Asian shares prompted some dollar selling as traders positioned for foreign buying of local stocks.

At 10:30 a.m. (0500 GMT), the partially convertible rupee INR=IN was at 48.16/17 per dollar, 0.1 percent stronger than Friday's close of 48.22/23. The rupee gained 1.1 percent last week.

"Rupee opened stronger tracking regional cues, but stocks would be the key. We are likely to hold in a 48.10-48.25 range initially, which if broken could take the rupee to 48 and then 47.80," a senior dealer with a private bank said.

"Oil refiners are likely to come in at lower levels to meet month-end demand which will cap the gains," he added.

Source url :http://in.reuters.com/article/inRupeRpt/idINBOM31388420090727

Share market news brings something new for every interest

Share market India has always been a place where you see a regular up and down between the prices of various companies registered under Bombay Stock Exchange. The recent share market news is talking about a rift between Reliance Industries Limited and Reliance Natural Resources Limited (RNRL). It stated that the shares of RNRL surged up by 23 percent on the Bombay stock Exchange. This upliftment came as welcome news to the people associated with RNRL. The decision came after the high court’s rule that RIL will provide gas to RNRL at USD 2.32 per mmBTU. In the business world, each and every type of possible information is essential to keep oneself reorganized on the latest market trends. Moreover, the need to know everything about the Indian financial system and financial market is an advantage for all of us.

Another thing to note down in stock market India is that Pantaloon has recorded a surge of 4 percent amid the fund raising plans. All these news have been interest to people, who want to either invest in them or have existing shares in the division. The stock market India news is not just about the availability of stock in the company; but, you can also get to know about the mergers or acquisitions of the companies and their joint stocks have been catching hold of such news on a regular basis as I am a regular investor in stock market. These developments in financial market help me to plan my future investments.

India Money Market on its way in Business

In the business world, there is lots of money lending and borrowing deals are cracked. Well, the official terms given to this process is called money market, where certain cash dealings are happened between big business houses. Every person interested in financial issues is required to recognize with the parameters around which the finance news or this market in India revolves.

After all, it is the financial matters that affect the Indian economy and the business world proceedings too. As all know, the business market is really a tricky process and slight wavering tends to affect the entire proceedings. The India money market rivets a wide variety of equipments. Here, maturities differ from one day to a year, fixed by banks and numerous corporate.

Shares in India seen dropping

Indian shares are expected to pull back on Friday as investors begin unwinding their positions in the run up to national election results due on May 16.

"Things on the election front are even murkier than before. There is no clarity whatsoever and it seems like this will be a much closer race than people thought," Arun Kejriwal,
strategist at research firm KRIS, said.

Analysts have said the market could be vulnerable to turbulence after rebounding more than half from its 2009 low in early March, if the month-long elections produce a fractured mandate.
A drop in other Asian markets as investors turned cautious ahead of U.S. employment data could also weigh on sentiment, traders said.
Source url : http://in.reuters.com/article/indiaMktRpt/idINBOM45142220090508

Business news tells about latest happening in trade and commerce

In the business world, there is lots of money lending and borrowing deals are cracked. Well, the official terms given to this process is called money market, where certain cash dealings are happened between big business houses. Every person interested in financial issues is required to recognize with the parameters around which the finance news or this market in India revolves. After all, it is the financial matters that affect the Indian economy and the business world proceedings too. As all know, the business market is really a tricky process and slight wavering tends to affect the entire proceedings.

The India money market rivets a wide variety of equipments. Here, maturities differ from one day to a year, fixed by banks and numerous corporate. The money market is also unswervingly linked by the Foreign Exchange Market with the method of covered interest arbitrage, in which the forward premium acts as a bridge between domestic and foreign interest rates. In order to give you complete information, there are various news channels that have opened their India business news channels. It has been done to keep in pace with the increasing demand of business news in detail.

Some of the things that you can get to know from the finance news are share price of various companies, borrowing or lending in the business world, mergers of tow companies or some business controversies. If you are interested in any of these news; then, you can access the easiest available source for that. Radio, television news channels, newspapers and websites are few sources that can provide you complete details on your choice of business news.

Investing in the Money Market

Guys...i am a victim of recession...like many of you. I have been a regular investor of the Stock Market India and I have, no doubt gained a lot, earning in lakhs. But the last few weeks' money market in bad shape, especially of BSE Sensex going down, I have equally lost an equal amount.

The condition of Stock Market India has been going down...thanks all to God...during last few days, india sensex is gaining ground again. Our government is doing a great job unlike other low money market situations witnessed in USA and other developed countries. With the stock price, especially of BSE Sensex, going down the graph, most investors like me are worried whether to invest or not in the money market. Maybe it will take time. Hey guys, will you please share your experiences so that we together find better solutions and get advices as to how to invest in Indian Stock Market and see our money grow.

Hope, you respond...your valuable suggestions will really motivate my spirits in this period of recession. I might find better ways through your expert advice to invest and bring my financial position to the normal!