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Save for a few minutes early on in the session, the Indian stock market traded in the red on Monday as dropping earnings of India Inc and fears about the likely impact of a below normal monsoon on the economy continued to weigh on sentiment.Global cues were positive to start with, but turned somewhat weak later on with Asian markets finishing on a mixed note and European markets opening lower on concerns ...
European shares reversed earlier losses and posted gains during midday trading on Monday, with persistent concerns about Greece's debt situation offset by optimism that a reshuffled Greek negotiating team would help matters.Greece looks set to run out of cash in the coming weeks, with fruitless debt relief talks between euro zone finance ministers on Friday serving to highlight the gulf between Athens ...
Gold prices fell by Rs 110 to Rs 27,050 per 10 grams at the bullion market here today on easing demand from jewellers and retailers even as the metal strengthened overseas. However, silver prices recovered by Rs 150 to Rs 36,500 per kg on scattered buying from industrial units. Traders said slackened demand from jewellers and retailers at prevailing higher levels mainly weighed on gold prices but a ...
Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list.Buffeted by a 68 percent plunge in the price of silver since 2011, miners who traditionally made most of their money from silver are increasingly diversifying into gold, buying mines that have been put up for sale and looking to acquire more.In addition to spurring deals in the precious ...
Cash Spot Cash Tom Tom Next --------------------------------------------------------------- Bid/Ask Bid/Ask Bid/Ask (in IST) 1000 02.00/03.00 01.00/01.50 01.00/01.50 05.74% 05.74% 05.74% (Apr 24) 1000 04.60/06.10 03.50/04.50 ...
Save for a few minutes early on in the session, the Indian stock market traded in the red on Monday as dropping earnings of India Inc and fears about the likely impact of a below normal monsoon on the economy continued to weigh on sentiment.Global cues were positive to start with, but turned somewhat weak later on with Asian markets finishing on a mixed note and European markets opening lower on concerns ...
Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.When news leaked out last week that Piech had been lobbying family members behind the scenes to install Matthias Mueller, the chief executive of Porsche, ...
New York: Dan Fredinburg, a Google executive who described himself as an adventurer, was among the hundreds who died in a massive earthquake that struck Nepal on Saturday. Google confirmed his death. Lawrence You, the company's director of privacy, posted online that Fredinburg was in Nepal with three other Google employees climbing Mount Everest. The other three, he added, are safe. Google would ...

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 ...
* Futures up: Dow 46 pts, S&P 4.5 pts, Nasdaq 12.25 pts By Tanya Agrawal April 27 (Reuters) - U.S. stock index futures were up slightly on Monday after the Nasdaq Composite and S&P 500 chalked up record high closes on Friday and ahead of Apple's results after the close. * Investors this week will also be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, ...
ICICI Bank Ltd , India's biggest private sector lender by assets, said it expects the new financial year to be better in terms of bad loans, after reporting an increase in sour assets in its fiscal fourth quarter. ICICI , which is also traded in New York, on Monday reported net profit rose 10 percent to a record 29.22 billion rupees ($458.9 million) for the three months ended March, ahead of analysts' ...
* 10 pct rise in Q4 profit tops forecast but bad loans rise * CEO sees additions to NPL, restructured assets slowing * Sees corporate credit demand improving, retail faster (Adds CEO comments) By Devidutta Tripathy MUMBAI, April 27 (Reuters) - ICICI Bank Ltd, India's biggest private sector lender by assets, said it expects the new financial year to be better in terms of bad loans, after reporting ...
By Thomas Atkins and Jonathan Gould FRANKFURT (Reuters) - Deutsche Bank's biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late. Germany's flagship lender has trailed rivals under the tenure of Jain and Fitschen who despite the reverberations from the financial crisis stuck to an expensive ...
Maruti Suzuki Ltd reported a 61 percent increase in net profit for the fiscal fourth quarter ended March as improving consumer sentiment pushed up passenger vehicle sales for India's top selling car maker.Net profit for the quarter ended March 31 was 12.84 billion rupees ($201.8 million), versus 8 billion rupees a year earlier, Maruti said in a statement on Monday.Analysts on average expected Maruti ...
NEW DELHI, April 27 (Reuters) - Maruti Suzuki Ltd reported a 61 percent increase in net profit for the fiscal fourth quarter ended March as improving consumer sentiment pushed up passenger vehicle sales for India's top selling car maker. Net profit for the quarter ended March 31 was 12.84 billion rupees ($201.8 million), versus 8 billion rupees a year earlier, Maruti said in a statement on Monday. ...
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