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ICICI Bank shares are down sharply this afternoon, with the counter seeing some heavy selling post announcement of quarterly results. The broad market remains weak as well, with weakness in global markets weighing on sentiment.ICICI Bank has reported a net profit of Rs 701.89 crore for the quarter ended March 2016, down 76% from the net profit of Rs 2922 crore in the year-ago quarter. Total income ...
After moving in a tight band around previous closing levels for nearly a couple of hours, the benchmark indices Sensex and the Nifty50 have dropped down a bit sharply this afternoon following a fresh round of selling at several front line counters.The weak close in Asian markets and notably lower European markets amid worries about the outlook for the global economy appear to have triggered the sell-off.The ...
Gold jumped to a seven-week high and silver soared to a 15-month high on Friday, as the dollar remained downbeat after the Bank of Japan surprised markets by standing pat on policy.The dollar and euro posted their biggest daily losses against the yen in more than five years on Thursday after the BOJ policy decision. The yen set an 18-month high against the dollar on Friday, and the greenback fell 0.4 ...
Gold held near its highest in a week on Friday and was poised for its biggest weekly rise in eight, as the dollar tumbled after the Bank of Japan and the U.S. Federal Reserve stood pat on policy. FUNDAMENTALS * Spot gold was little changed at $1,265.61 an ounce by 0025 GMT, after climbing to its highest in a week at $1,269.70 on Thursday. * For the week, the metal is up 2.7 percent in what ...
After moving in a tight band around previous closing levels for nearly a couple of hours, the benchmark indices Sensex and the Nifty50 have dropped down a bit sharply this afternoon following a fresh round of selling at several front line counters.The weak close in Asian markets and notably lower European markets amid worries about the outlook for the global economy appear to have triggered the sell-off.The ...
The Indian stock market is trading slightly higher past mid morning, having bounced back smartly after a weak start. Activity is mostly stock specific with quarterly earnings reports setting the trend.After yesterday's sharp fall following global central banks not coming out with additional stimulus, the mood is quite cautious on the Indian bourses, mirroring the trend across the globe.The Sensex is ...
Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock.Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus.Icahn had been a huge cheerleader of Apple, ...
A unit of autos-to-technology group Mahindra intends to set up a network of automobile shredding plants, an executive told Reuters on Thursday after announcing plans to build India's first such facility with a state firm.India is considering introducing a policy to scrap old vehicles, like the cash-for-clunkers programme the United States tried during the global economic recession to boost auto sales.India ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
A unit of autos-to-technology group Mahindra intends to set up a network of automobile shredding plants, an executive told Reuters on Thursday after announcing plans to build India's first such facility with a state firm.India is considering introducing a policy to scrap old vehicles, like the cash-for-clunkers programme the United States tried during the global economic recession to boost auto sales.India ...
April 29 - Hong Kong shares dropped over 1 percent on Friday as sentiment was soured by a tumble in Japanese stocks, after the Bank of Japan disappointed markets by electing not to expand monetary stimulus on Thursday. The Hang Seng index fell 1.5 percent, to 21,067.05, while the China Enterprises Index lost 1.3 percent, to 8,939.47 points. Hang Seng was down 1.9 percent for the week, but rose ...
Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the United States, although a looming rise in Middle East output capped gains.Brent crude futures were trading at $48.30 a barrel at 0644 GMT, up 31 cents from their last close. U.S. crude was up 24 cents at $46.27 a barrel, with both contracts hitting fresh 2016 highs."The market is coming into better balance ...
* Uber sues Ola for making fake bookings on its platform * Uber alleged Ola's involvement after four-month-long probe * Ola "believes case in retaliation for lawsuit against Uber" * Ola found no correlations in data submitted by Uber-source (Adds link to Reuters TV piece) By Aditi Shah and Aditya Kalra NEW DELHI, April 29 (Reuters) - A flurry of complaints from Uber drivers about an unusually ...
A unit of autos-to-technology group Mahindra intends to set up a network of automobile shredding plants, an executive told Reuters on Thursday after announcing plans to build India's first such facility with a state firm.India is considering introducing a policy to scrap old vehicles, like the cash-for-clunkers programme the United States tried during the global economic recession to boost auto sales.India ...
By Andreas Cremer and Edward Taylor WOLFSBURG, Germany (Reuters) - Volkswagen, battling to rebuild its reputation following a scandal over rigged emissions tests, said on Thursday it could see light at the end of the tunnel following a deal with U.S. authorities last week. Europe's biggest carmaker said that deal, coupled with cost cutting and a new business plan due later this year, would lay ...
  Cities   Price (10g)
  Chennai   Rs. 27580.00 (0.18%)
  Mumbai   Rs. 28700.00 (0%)
  Delhi   Rs. 27700.00 (0.73%)
  Kolkata   Rs. 28270.00 (0%)
  Kerala   Rs. 27050.00 (0.74%)
  Bangalore   Rs. 27350.00 (1.11%)
  Hyderabad   Rs. 27660.00 (1.21%)

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