Web Sify
Follow us on

Article gallery

Analysts said prolonged low interest rates in the West and weak crude oil prices, rather than concerns over the Chinese economy, were the main cause of stock market fluctuations across the globe this week. Despite a rebound on Friday, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index lost 1.4 percent, 0.8 percent and 0.6 percent respectively this week, when the Chinese ...
Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday. The euro area inflation outlook is already weighed down by sharply lower oil prices and slowing global growth, and the market volatility is compounding the problem, ...
Gold eased on Friday after soaring 4 percent the previous day, but was still set for its best week in four years, lifted by stock market turmoil that has sent investors rushing for safe haven assets. Spot gold was down 1 percent at $1,234.30 an ounce by 1423 GMT, but has still risen more than 5 percent this week, the biggest weekly gain since October 2011. "Gold could test $1,260 or even $1,300 ...
Canada is one of the world's biggest gold producers, mining a little over 150 tonnes of gold annually. But it has not been keen to hold on to its gold reserves. The Canadian Broadcasting Corporation (CBC) reports how the gold reserves of Canada have shrunk from over 1000 tonnes of gold in 1965 to under a tonne now! This at a time when its next-door neighbour, the US of A, has raised its reserves ...
Prices of gold witnessed a 21-month high by plunging Rs. 600 to Rs. 29,050 per ten grams at the bullion market today on weak cues from overseas markets amid fall in demand from jewellers at existing levels.The yellow metal snapped its biggest eleven-day rising streak this year.On the other hand, silver too shed Rs. 50 at Rs. 37,800 per kg on reduced off-take by industrial units and coin makers.According ...
India's biggest subscription-driven video entertainment app nexGTv and country's largest and leading merchant discovery and privileges platform Crown-it have joined hands in an exclusive partnership to make this Valentine's Day truly exhilarating.Crown-it is all set host a Love-a-thon contests on its app during the run up to V-Day, where the customers can win a chance to go out on a glamorous dinner ...
By Barani Krishnan NEW YORK (Reuters) - U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil. In spite of the about-turn after one of the most volatile weeks for oil, prices were poised to end the week up to 7 percent lower. The United ...
New Delhi: Tata Group's retail firm, Trent Ltd, on Thursday said online retail giant Amazon has picked up a 26 per cent stake in its publishing arm Westland for Rs 9.5 crore."The investor would subscribe to Westland's share capital such that it holds 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore," Trent Ltd said in a filing ...

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 ...
* Financials' gains led by rally in bank stocks * JPMorgan jumps after CEO Dimon raises stake * Crude surges, boosting energy, materials stocks * Indexes up: Dow 1.5 pct, S&P 1.5 pct, Nasdaq 1.24 pct (Adds details, updates share prices) By Aastha Agnihotri Feb 12 (Reuters) - Wall Street rallied on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days ...
(Updates with closing prices) * FTSEurofirst 300 index closes up 3 pct * Deutsche Bank shares surge 11.8 pct on bond buyback * Commerzbank shares jump 18 pct after results * But FTSEurofirst still posts 4 pct weekly loss By Sudip Kar-Gupta LONDON, Feb 12 (Reuters) - European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping stock markets stage a partial recovery ...
MUMBAI (Reuters) - Bank of Baroda, India's second-largest lender by assets, reported a quarterly loss of 33.42 billion rupees ($491 million), as bad loans at the state-run bank increased sharply. The loss for the fiscal third quarter ending December 31 compared with a profit of 3.3 billion rupees a year earlier, the Mumbai-based lender said in a regulatory filing. Analysts on average had expected ...
BEIJING (Reuters) - Speculators should not be allowed to dominate market sentiment regarding China's foreign exchange reserves and it was quite normal for reserves to fall as well as rise, central bank governor Zhou Xiaochuan was quoted as saying on Saturday. China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase ...
NEW DELHI (Reuters) - Sales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the fiscal year starting April 1, the country's automotive body said on Friday, higher than the 8 percent growth estimated for the current year. An expected revival in rural spending, which was hit by poor farm output due to drought, will push passenger vehicle sales higher, ...
Automaker Mahindra and Mahindra Ltd reported a 14 percent fall in quarterly net profit on Friday, missing analyst estimates, but said it expected a revival in the economy over coming quarters. Mahindra, India's top utility vehicle maker, said net profit for the three months ended Dec. 31 was 8.08 billion rupees ($118.2 million), down from 9.42 billion rupees a year earlier when it benefited from ...
  Cities   Price (10g)
  Chennai   Rs. 25020.00 (0.81%)
  Mumbai   Rs. 25890.00 (0.98%)
  Delhi   Rs. 25200.00 (-0.2%)
  Kolkata   Rs. 25480.00 (1.03%)
  Kerala   Rs. 24800.00 (0.61%)
  Bangalore   Rs. 25000.00 (0.81%)
  Hyderabad   Rs. 25080.00 (1.09%)

talking point on sify finance