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Shares of U.S. automakers may finally be able to accelerate. Investors are closely awaiting next week's May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector - among the cheapest in the market - putting the sting of product recalls and tepid recent growth in the rear view mirror. Estimated sales of 1.6 million new cars and trucks in May ...
The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month. A ...
Gold edged up on Friday from the previous day's 2-1/2-week low, supported by a softer dollar and uncertainty over Greece's debt talks, but remained under pressure from expectations U.S. interest rates might rise soon. The prospect of higher rates, which would boost the opportunity cost of holding non-yielding gold while lifting the dollar, kept the metal on track for a second weekly drop. Spot ...
Continuing its sliding trend for the fourth day in a row, gold today fell by another Rs 50 to trade at three-week low of Rs 27,275 per ten grams at the bullion market here owing to slackened demand from jewellers and retailers amid a weak global trend. However, silver recovered by Rs 210 to Rs 38,750 per kg on fresh buying support from industrial units. Traders attributed persistent fall in gold ...
NEW DELHI, May 30 (Reuters) - The Indian government has issued an executive order for the third time to make it easier to buy farmland for large projects after failing to win parliamentary for a controversial land bill championed by Prime Minister Narendra Modi. The ordinance was approved at a cabinet meeting on Saturday chaired by Modi. It will replace an existing ordinance that implemented the ...
Shares of U.S. automakers may finally be able to accelerate. Investors are closely awaiting next week's May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector - among the cheapest in the market - putting the sting of product recalls and tepid recent growth in the rear view mirror. Estimated sales of 1.6 million new cars and trucks in May ...
Tata Consultancy Services (TCS) has been rated as the best company in India on various financial and operational parameters by Dun & Bradstreet. The list of top 500 firms places Reliance Industries and ITC at the second and the third spots, respectively. Others in the top 10 list are ONGC at the fourth place, followed by Coal India (5th), Infosys (6th), HDFC Bank (7th), HDFC (8th), Hindustan Unilever ...
By Suvashree Choudhury and Manju Dalal MUMBAI/SINGAPORE, May 29 (Reuters) - India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules. A weakening rupee and foreign investors' cooling appetite for Asia's ...

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 ...
* GDP revised to show economy contracted in Q1 * Consumer sentiment, PMI fall in May * Humana hits record on takeover interest * Altera rises on report of Intel interest * Indexes down: Dow 0.6 pct, S&P 0.6 pct, Nasdaq 0.6 pct (Updates to close) By Caroline Valetkevitch May 29 (Reuters) - U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes ...
NEW YORK, May 29 (Reuters) - U.S. stocks fell on Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February. The Dow Jones industrial average fell 115.24 points, or 0.64 percent, to 18,010.88, the S&P 500 lost 13.4 points, or 0.63 percent, to 2,107.39 and the Nasdaq Composite dropped 27.95 points, or 0.55 percent, to 5,070.03. ...
NEW DELHI, May 30 (Reuters) - The Indian government has issued an executive order for the third time to make it easier to buy farmland for large projects after failing to win parliamentary for a controversial land bill championed by Prime Minister Narendra Modi. The ordinance was approved at a cabinet meeting on Saturday chaired by Modi. It will replace an existing ordinance that implemented the ...
HAINGGYI ISLAND, Myanmar, May 30 (Reuters) - A boat packed with more than 700 "boat people" seized of Myanmar's coast was still being towed at sea on Saturday, as officials gave mixed signals about its final destination. The discovery of the boat on Friday came as Myanmar told a 17-nation meeting in Thailand that it was not to blame for the crisis that has seen more than 4,000 desperate Muslim Rohingya from ...
By Arpan, Varghese, Anupam and Chatterjee REUTERS - Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of U.S. shale production, a Reuters survey forecast on Friday. Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average $61.60 a barrel in 2015, ...
NEW DELHI (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle maker by sales, reported on Friday its steepest fall in quarterly profit in more than six years, hit by poor sales in rural areas where unseasonal rains have hurt farm incomes. Mahindra's standalone profit for the fourth quarter ended March fell 39 percent to 5.51 billion rupees ($86.4 million) from a year earlier. This is ...
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