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Sensex ends 147 pts up

2015-07-03 16:18:30

Indian stock indices Sensex and the Nifty ended with solid gains on Friday, with investors indulging in some buying, shrugging off weak global cues.Positive remarks about the economy by the Reserve Bank of India Governor Dr Raghuram Rajan and his statement that the India's exposure to Greece is limited prompted investors to pick up stocks, ignoring weakness in global markets ahead of Greece referendum.The ...
The market looks headed for a positive close today, although buying interest has turned a bit subdued this afternoon. Weak close in most of the markets in the Asian region and a negative start in European markets appear to have dragged down the indices.Healthcare, bank and consumer durables stocks are among the prominent gainers, while FMCG, IT, oil and power stocks are turning in a mixed performance. ...
Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said.Prices were quoted at a discount of $8 to $15 an ounce over London prices, much wider than the $1 discount in mid-June, they said.Persistent weakness in India, the world's top consumer of gold last year and the No. 2 buyer in the first quarter ...
After three-day losing run, gold prices held steady at Rs 26,500 per ten grams at the bullion market today on scattered buying activity by jewellers. Silver, however, recovered by Rs 250 to Rs 36,000 per kg on increased offtake by industrial units and coin makers. Traders said some buying by jewellers at prevailing levels helped gold prices to end steady. In the national capital, gold of 99.9 and 99.5 ...

Sensex ends 147 pts up

2015-07-03 16:18:30

Indian stock indices Sensex and the Nifty ended with solid gains on Friday, with investors indulging in some buying, shrugging off weak global cues.Positive remarks about the economy by the Reserve Bank of India Governor Dr Raghuram Rajan and his statement that the India's exposure to Greece is limited prompted investors to pick up stocks, ignoring weakness in global markets ahead of Greece referendum.The ...
By Siddharth Iyer REUTERS - Emerging Asian currencies will weaken in the months ahead due to expectations the U.S. Federal Reserve will raise interest rates soon, although foreign exchange strategists in a Reuters poll say that losses aren't expected to be significant. That stands in contrast to the bumpy ride ahead for emerging markets outside of Asia, especially Latin America, where analysts ...
The prospect of a Greek crackup isn't so terrifying anymore. In 2012, financial markets were rattled by the possibility that Greeks would elect a left-wing government, default on their debts and drop the euro currency. The fears pushed the Standard & Poor's 500 stock index down nearly 10 percent that spring. Here's how things look now: The left-wing party, Syriza, holds power in Athens. Greece ...
Police were searching for a man in a wheelchair who is suspected of robbing a New York bank and rolling out of the building with $1200 (around Rs 76000) cash to make a clean getaway. The man, who wore a gray hoodie and appeared to be about 30 years old according to surveillance video, is accused of passing a note to a Santander Bank teller in the New York City borough of Queens on Monday afternoon ...

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 ...
By Marius Zaharia LONDON (Reuters) - European bonds and stocks traded cautiously at Friday's market opening before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest could go either way. Yields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors chose to preserve their capital ...
BANGKOK, July 3 (Reuters) - Most Southeast Asian stock markets were range-bound on Friday as investors stayed defensive amid concerns over the Greek bailout talks and weak Chinese shares while Thai banks saw a moderate rebound after the previous day's sell-off. The Thai index eased 0.2 percent at midday. Losses in energy shares such as PTT, which tracked a drop in global oil prices, overshadowed ...
By Siddharth Iyer REUTERS - Emerging Asian currencies will weaken in the months ahead due to expectations the U.S. Federal Reserve will raise interest rates soon, although foreign exchange strategists in a Reuters poll say that losses aren't expected to be significant. That stands in contrast to the bumpy ride ahead for emerging markets outside of Asia, especially Latin America, where analysts ...
By Neha Dasgupta and Manoj Kumar MUMBAI/NEW DELHI, July 3 (Reuters) - The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters. Gold is India's second-highest import in value terms, and a jump in imports ...

Bajaj Auto's June sales up 8%

2015-07-02 13:40:00

Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported an increase of eight percent in its monthly sales for June, which stood at 331,317 units from 305,465 units in the corresponding period of the last year.According to the company, its motorcycle sales during the month under review grew by 10 percent at 287,582 units from an off-take of 262,202 units in June 2014.The company's commercial ...
** Ashok Leyland shares seen rising on strong monthly sales ** June sales up 41 percent at 10,461 vehicles ** June results driven by strong truck sales and exports ...
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