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Beijing: China's stock market tumbled this week despite a massive government intervention aimed at halting a slide in prices that began last month. At its peak in early June, the Shanghai Composite Index had risen about 150 percent from late 2014. After dropping 30 percent over several weeks, government support measures calmed the market. But on Monday the sell-off resumed, with the Shanghai ...
European stocks snapped a five-day losing streak on Tuesday, with merger activity and earnings news lifting major markets by more than 1 percent, as investors shrugged off another fall in Chinese stocks and Brent oil's slide to a six-month low.The rebound in Europe looked set to extend to the United States. Futures markets pointed to a rise of more than 0.5 percent on Wall Street.Britain published ...
Even as the gold prices continued to fall on Tuesday, the prices of diamonds are on a firm ground, said leading jewellers. "There is no fall in diamond prices. Rather we have witnessed the changing consumer preference to invest in diamonds. The young generations of clients are purchasing diamonds both as an investment and to wear it as a style statement for diverse social occasions," Suraj Shantakumar, ...
Money managers, who have been cooling on gold for some time, last week held more short positions than long ones in the precious metal for the first time in nearly a decade, Bank of America reported Monday, suggesting an expectation prices will continue to fall."Gold no longer precious - money managers net short for the first time" since the bank started tracking this kind of information in 2006, researchers ...
By Amanda Cooper LONDON (Reuters) - Oil prices fell to their lowest point in nearly six months on Tuesday as a meltdown in Chinese equities deepened doubts about the outlook for crude demand in the world's top commodities consumer. China's already volatile benchmark stock index, with a combined market capitalisation of $4.6 trillion, has lost 10 percent in the last two days of trade. Most household ...
MILAN (Reuters) - Talks on the sale of indebted Italian car designer Pininfarina to Indian vehicle maker Mahindra & Mahindra will resume after the summer after the parties failed to strike a deal in July, two sources close to the matter said on Tuesday. The key investor in Pininfarina and the group's creditor banks are still seeking to agree a sale but Mahindra is "very cautious and plans to invest ...
Qatar Airways, which owns a 10 percent stake in British Airways owner IAG, is not in talks to buy a stake in Indian carrier SpiceJet nor is it interested in doing so, it said on Tuesday. "Qatar Airways is not in talks to pursue a commercial stake in SpiceJet. There is no interest from the airline to engage in a partnership," it said in a statement on its website. The statement follows rumours in ...
A Florida family who has hunted treasure for years found more than $1 million worth of gold artefacts this summer from the wreckage of a 1715 Spanish fleet that sank in the Atlantic, according to a salvage company’s estimate.The find included 51 gold coins of various denominations and 40 feet (12 metres) of ornate gold chain, said Brent Brisben, whose company, 1715 Fleet – Queens Jewels LLC, owns ...

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 ...
* FTSEurofirst had fallen for last five sessions * RSA surges on possible bid from Zurich Insurance * Michelin falls as weak tyre pricing takes its toll * Europe bourses in 2015: http://link.reuters.com/pap87v * Asset performance in 2015: http://link.reuters.com/gap87v By Atul Prakash LONDON, July 28 (Reuters) - European shares rebounded on Tuesday, lifted by strong company results and ...
By Tanya Agrawal REUTERS - The S&P 500 and the Dow Jones industrial average rose on Tuesday, breaking a five-day losing streak, as investors refocused on corporate earnings ahead of a two-day U.S. Federal Reserve meeting which could give clues regarding the timing of a rate hike. The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's 14.6 percent slump after China's ...
By Krishna N. Das and Manoj Kumar NEW DELHI, July 28 (Reuters) - India's fourth-largest state lender by assets could take control of some of the country's most heavily indebted steel companies and sell them on as part of a restructuring backed by New Delhi, bank officials said. Punjab National Bank (PNB), a quarter of whose nearly $4 billion portfolio of steel loans is stressed, is considering ...
DAILY INDICATORS MONDAY PREVIOUS Floating Interbank Rate (Rs/$) 101.80/101.85 101.80/101.83 Rupee/US$ (kerb market) 102.80/103.10 102.90/103.20 Karachi 100-share index 35,175.49 35,815.20 Gold (Karachi) Rs/10 gm n/a 37,628 CENTRAL BANK AUCTIONS Treasury bill auction results: ...
MILAN (Reuters) - Talks on the sale of indebted Italian car designer Pininfarina to Indian vehicle maker Mahindra & Mahindra will resume after the summer after the parties failed to strike a deal in July, two sources close to the matter said on Tuesday. The key investor in Pininfarina and the group's creditor banks are still seeking to agree a sale but Mahindra is "very cautious and plans to invest ...
MUMBAI (Reuters) - The Competition Commission of India (CCI) fined the local unit of Hyundai Motor Co 4.2 billion rupees ($65.8 million) on Tuesday after an investigation found it had engaged in anti-competitive practices. The competition watchdog also found carmakers Mahindra Reva Electric Car Company, part of Mahindra & Mahindra , and Premier Ltd in violation of competitive practices but did not ...
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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