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Capital goods, realty, metal and oil stocks are lower on the Indian bourses where the mood remains quite cautious this morning amid uncertainty about the near term outlook for the market. Bank, automobile, FMCG and healthcare stocks are mixed, while information technology stocks have moved higher. Midcaps are mostly subdued, while some smallcap stocks have posted strong gains. Global cues are weak, ...
The rupee gains to 60.9050/9100 vs Monday's close of 60.8150/8250.Foreign investors sold Indian shares worth $30.53 million on Monday, provisional data from exchange showed.Emerging markets fall even after a private survey on China's factory sector outpaced market's expectations.Worries sparked after survey also showed factory employment slumped to a 5-1/2 year low.Traders say the rupee to hold at ...
Stocks of jewellery companies jumped up to 20 per cent on Monday, owing to expectations the fall in bullion prices would lead to a sharp jump in retail sales during the coming festive season. Shares of Delhi-based P C Jeweller soared 20 per cent to close at Rs 258.25 apiece, while those of Shree Ganesh Jewellery rose 15 per cent to Rs 33.29. The Gitanjali Gems, Asian Star and Rajesh Exports stocks ...
The falling price of gold is expected to improve its demand and, hence, import. The sector estimates a rise in the latter of five to seven per cent in quantity over the coming months but not in value terms, due to the fall in price. Hence, the import bill is unlikely to be much higher. Import had risen in June to 97 tonnes, after the Reserve Bank granted permission to star trading and export houses. ...
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