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Wednesday, May 12, 2004

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Naidu's TDP routed; markets shaken
A STRONG anti-incumbency wave swept the Telugu Desam Party (TDP) and the Andhra Pradesh Chief Minister _ the most visible face of the pro-economic reforms among Indian politicians — Mr N. Chandrababu Naidu out of power, after a record ... More

Sensex sinks 229 on political worries
THE results of the Andhra Pradesh Assembly elections ripped through the financial markets on Tuesday, toppling the stock indices to the deepest intra-day fall in four years. Brokers, analysts and other market participants were expecting the ... More

FIIs net sellers at Rs 595 cr on Monday
FIIs were net sellers to the tune of Rs 595 crore on Monday in the equity market, the highest in a single day in 2004, in line with heavy selling by them in various other emerging markets. According to SEBI data, FIIs on Monday bought shares ... More

Rupee sheds 45 paise intra-day on corporate demand for dollar
WITH the TDP-BJP alliance being routed in the Andhra Pradesh, corporates turned wary and rushed into purchasing dollars making the rupee lose as much as 45 paise intra-day against the greenback. The rupee, however, recovered a tad to end the ... More

Gold, silver up on weak rupee
BUCKING the trend in other markets, gold and silver prices regained partially on Tuesday, because of weakening rupee value against dollar. Today's gain is significant as the bullion prices were on a downslide over the past week. Silver ... More

Online train ticket sales on fast track
THE oppressive heat seems to be driving more and more people to their personal computers to book train tickets rather than make a trip to the reservation counter. The number of tickets booked on the Indian Railways Catering and Tourism ... More




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