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India Inc. welcomes RBI's move to cut repo rate, urges more India Inc. cheered, Monday, as India's central bank, the Reserve Bank of India (RBI) slashed its key short term lending rate by 100 basis points to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 21 Oct 2008
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Sensex snaps 3-day losing streak, soars 248 points on repo rate cut The BSE Sensex climbed 2.48 percent or 247.74 points on Monday to close above the psychological 10,000-mark at 10,223.09 on news that the central bank has slashed its key short-term lending rate or the repo rate for the first time in more than four years to ease the liquidity crunch. 21 Oct 2008
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Sensex sinks 674 points as investors indulge in selling spree The BSE Sensex sank 5.87 percent or 674.28 points on Wednesday to close at 10,809.12 as investors offloaded shares on growing concerns about the health of the Indian economy and corporate earnings. 15 Oct 2008
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Sensex continues winning streak, closes up 174 points The BSE Sensex climbed 1.54 percent or 174.31 points on Tuesday to close at 11,483.40 boosted by tech and financial stocks, after world governments pledged over $1 trillion to help revive weakened financial markets. 14 Oct 2008
Emergency European summit works on "ambitious" crisis plan European leaders raced against the clock on Sunday to clinch a rescue strategy for banks battered by the worst financial crisis since the 1930s, under intense pressure to throw them a lifeline before world markets reopen. 12 Oct 2008