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A broker smiles as he trades on his computer terminal at a stock brokerage firm in Mumbai

Sensex rebounds on rupee, Asian indexes
The Sensex and the Nifty gain around 1 percent, tracking higher Asian shares and a recovery in the rupee from a record low. The Sensex closed on Wednesday at its lowest since January 12. Foreign investors will be key for the markets' outlook, analyst say. On Wednesday they sold net 5.47 billion rupees, according to provisional exchange data. For the month they are net buyers worth 8.56 billion

RBI seeks forex conversion data

Even a week after the Reserve Bank of India (RBI) asked Exchange Earners Foreign Currency (EEFC) account holders to convert half their dollar funds into rupees, the measure has not yielded the desired

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Sensex, Nifty languish deep down in negative territory

Due to sustained selling almost across the board, the market is deep down in negative territory this afternoon, and with no positive triggers in sight, looks headed for a dismal close today. The

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Sensex down more than 300 points as selling continues

With the bears continuing to call the shots, the market has plunged deeper into the red now and the BSE benchmark Sensex looks all set to slip below the psychological 16,000 mark. At 16,025, the

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Less scope for credit card delinquencies: Kadambi Narahari

SBI Cards, like most other credit card issuers in the country, suffered losses during the financial crisis of 2008-09 due to sharp increase in delinquencies. The company, a joint venture between

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RBI's 'massive' intervention sparks rupee gains

The rupee strengthened on Tuesday from a near record low against the dollar after the RBI stepped in with what various dealers described as "massive" intervention, signalling an intent to defend the

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