Wednesday, 28 May 2014

Latest Stock Market & Economy News India‎

Sensex, on Tuesday, fell 167 points and closed at 24,549 due to profit-booking in power and oil & gas stocks as investors became a little cautious after stupendous run of the Sensex in last few weeks.


Shares of India's Sun Pharmaceutical Industries Ltd fall 0.8 percent after quarterly earnings at unit Taro Pharmaceutical Industries fail to beat some analyst estimates. Taro's revenue in January-March grew by 13 percent to $187 million, while profit jumped by 82 percent to $90 million. Sun Pharma is scheduled to report its Jan-March results on Thursday. 


Asian stocks inched higher on Wednesday and the dollar held near an eight-week peak against a basket of currencies,spurred by upbeat U.S. economic data and yet another record close for the S&P 500.


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