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The BSE Sensex posted its worst monthly fall in more than two years, raising concerns a strong rally that saw indexes surge in the fiscal year was waning due to concerns about stock valuations and a more gradual economic growth.For the month, the BSE Sensex fell 4.8 percent, its worst monthly performance since February 2013. The Nifty lost 4.6 percent, its biggest decline since August 2013.The falls ...
Biotechnology firm Biocon Ltd could file a prospectus for a share listing for its research services business arm Syngene International within the next two months, two sources directly involved in the process said.The IPO could fetch up to 10 billion rupees ($159.8 million), said one of the sources. However, the sources did not specify how much was being sold in Syngene. Biocon had said in January it ...
Gold prices are forecast to bottom out in 2015 after a two-year slide as the expected start of the Federal Reserve's rate-raising cycle removes a key event risk from the market, consultancy Metals Focus said in a report on Tuesday. Better prospects for gold sales in Asia, lower selling from Western investors, and a retreat in mine supply from record highs are likely to play into a stable market this ...
Mutual funds allow investors to buy gold as exchange-traded funds (ETF) or fund of funds (FoF) that invest in ETFs. Both are paper gold, but there are a few differences. A gold ETF unit typically represents one gram of pure gold and is bought from the exchange where it is listed. Fund of Funds is an investment strategy of holding a portfolio of other investment funds, rather than investing directly ...
MUMBAI (Reuters) - The Reserve Bank of India (RBI) announced late on Tuesday amendments to regulations on capital adequacy and liquidity for lenders operating in the country, in order to more closely align them with the standards set by Basel III rules. The RBI said all changes would be applicable from Wednesday. For full list of amendements see: http://bit.ly/1NGT2rG (Reporting by Rafael ...
MUMBAI, April 1 (Reuters) - India's central bank announced late on Tuesday amendments to regulations on capital adequacy and liquidity for lenders operating in the country, in order to more closely align them with the standards set by Basel III rules. The Reserve Bank of India said all changes would be applicable from Wednesday. For full list of amendements see: http://bit.ly/1NGT2rG (Reporting ...
Looking to expand its presence in India, Chinese ecommerce giant Alibaba's Chairman Jack Ma met Prime Minister Narendra Modi, as he came on a visit to India for the second time in just about four months.In his meeting with Modi, Ma discussed how Alibaba can help empower small businesses in India, the ecommerce major said without elaborating further."Had a very good meeting with Jack Ma," Modi tweeted."Jack ...
A Singapore teenager has been charged with harassment and insulting a religious group for comments he made on social media about former premier Lee Kuan Yew and Christians soon after Lee's death, authorities said on Tuesday.Amos Yee, who police said was 16, was charged under the recently enacted Protection from Harassment Act over a YouTube video in which he celebrated the death of Lee, the founding ...

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 ...
* Japanese investors take profits on first day of 2015/16 * BOJ's tankan softer than expected * Drugmakers and other recent gainers hit hardest By Hideyuki Sano TOKYO, April 1 (Reuters) - Tokyo shares fell on Wednesday as investors sold recent gainers to lock in profit on the first day of Japanese financial year and after soft reading on the Bank of Japan's tankan business sentiment ...
SHANGHAI, April 1 (Reuters) - Hong Kong's Growth Enterprise Market jumped over 2 percent on Wednesday morning, outperforming the Hang Seng index after China relaxed overseas investment rules for insurers. China said late on Tuesday it would relax overseas investment rules for domestic insurance funds. Insurance funds will be allowed to invest in 45 national or regional markets under the new rules. ...
MUMBAI (Reuters) - The Reserve Bank of India (RBI) announced late on Tuesday amendments to regulations on capital adequacy and liquidity for lenders operating in the country, in order to more closely align them with the standards set by Basel III rules. The RBI said all changes would be applicable from Wednesday. For full list of amendements see: http://bit.ly/1NGT2rG (Reporting by Rafael ...
BEIJING (Reuters) - Surveys of China's manufacturing and services sectors showed persistent weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. The official Purchasing Managers' Index (PMI), released by the National Bureau of Statistics on Wednesday, edged up to 50.1 in March from February's 49.9. ...
Hyundai Motor Co Chairman Chung Mong-koo received a 2 percent pay rise to 5.72 billion won ($5.2 million) in 2014, a year that saw weakness in the rouble and yen contributing to sluggish earnings at the South Korean automaker.The 77-year-old son of the late founder presided over Hyundai's role in a $10 billion property purchase last year, triggering a drop in the automaker's share price which an increased ...
BANGKOK, March 31 (Reuters) - Southeast Asian stock markets mostly rose on Tuesday buoyed by end-quarter portfolio inflows and positive global market sentiment, with the Thai benchmark heading for a second straight gain on the government's plan to lift martial law. The Thai SET index was up 0.5 percent, extending the modest gain on Monday and further rebounding from a near three-month low hit ...
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