NATIONAL Sensex plunges by 177 points ends at 12,435.41 The nine-day long record-breaking run by the Sensex during which it had gained a whopping 777 points, was arrested today when it plunged by 176.97 points to
end below the 12,500 level at 12,435.41, on emergence of heavyprofit-selling.
Rupee declines sharply against US$ in early trade The rupee today (May 11, 2006) declined sharply against the US currency on renewed dollar demand from oil corporates following a surge in crude prices in nervous early trade at the Interbank Foreign Exchange (forex) market.
Sensex turns weak by 35 points during early trade The Bombay Stock Exchange (BSE) sensitive index (sensex) today (May 11, 2006) turned weak after a long record-breaking stride and was down by 34.74 points at 12,577.64 on fresh selling.
'RPL investors will be rewarded in full measure' With Reliance Petroleum Ltd's initial public offer (IPO) garnering commitments equal to half the FDI China receives in a year, Reliance Group Chairman Mukesh Ambani today (May 11, 2006) said the investors in its greenfield refinery project will be 'rewarded in full measure'.
INTERNATIONAL Arcelor-Mittal takeover battle returns to stalemate The two top executives at the center of the Arcelor-Mittal takeover battle stuck to their positions yesterday (May 10, 2006), with Guy Dolle of Arcelor reiterating his opposition to a deal and Lakshmi Mittal ruling out abandoning his plan to create a world-leading steel giant.
World oil prices slip on US energy inventories World oil prices fell today (May 11, 2006) after news that US energy inventories rose last week, but the decline in oil prices was limited by concerns over the Iranian nuclear crisis, analysts said.
