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Due to relentless selling at several counters from across various sectors, the market remains deep down in negative territory this afternoon. Despite getting off to a firm start on positive global cues, the market changed track soon with investors choosing to take profits.The commencement of the stake stale offer in Coal India appears to be contributing substantilly to the sell-off in the market. The ...
The BSE Sensex and Nifty fell more than 1 percent on Friday after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.The Nifty was set to snap ten consecutive sessions of gains, although it has gained 6.8 percent so far this month, its best monthly ...
Gold edged up on Friday after falling more than 2 percent to a two-week low overnight on concerns over a looming increase in U.S. interest rates, with bullion still on track for its biggest weekly drop in two months.Other precious metals steadied after Thursday's broad-based slide that saw silver lose as much as 7 percent.But gold is still on track to post its biggest monthly gain in almost a year ...
India overtook China as the world's biggest gold consumer in 2014 as global physical demand fell, an industry report showed on Thursday, forecasting that prices that have declined for the last two years would bottom out this year. Chinese gold demand slid by more than a third last year to a four-year low of 866 tonnes, while the country's scrap gold supply rose 21 percent to an unprecedented 182 ...
MUMBAI (Reuters) - The BSE Sensex and Nifty fell more than 1.5 percent on Friday after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale. The Nifty was set to snap ten consecutive sessions of gains, although it has gained 6.8 percent so far this ...
MUMBAI (Reuters) - ICICI Bank Ltd, India's biggest private-sector lender, booked a 14 percent rise in quarterly profit on Friday, roughly matching analyst estimates and setting a record, as growth in income from interest and fees outpaced growth in bad loans. The bank, which is also listed in New York , said net profit reached an all-time high of 28.89 billion rupees ($466.42 million) in the fiscal ...
Low cost carrier SpiceJet, which is going through an ownership change, plans to raise Rs 1,500 crore by way of issuing securities and allotting non-convertible preference shares to Marans, its promoters, who will be exiting the company.The Board of SpiceJet, in its meeting on Thursday, has approved the entire 58.46 per cent stake sale of its promoter group, Marans, to Ajay Singh.The embattled airline, ...
Alibaba Group Holding Limited's shares have fallen by more than 10 percent on Thursday wiping more than 25 billion dollar of market value after the third quarter revenue fell short of expectations. According to China Daily, the revenue of the company rose by 40 percent making it 4.22 billion on the December quarter. Tian Hou, a Beijing-based analyst said that stock price drop is not about Earnings ...

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 ...
Jan 30 (Reuters) - Hong Kong shares fell for a second day on Friday, racheting up it biggest weekly loss in seven weeks as sharp falls in mainland stocks and a weaker yuan hurt sentiment. "The depreciation in the yuan will continue to pile pressure on Hong Kong's market as investors are worried about less capital flows to the local market," said Shi Wenbien, analyst at Yuanta Securities in Shanghai, ...
LONDON, Jan 30 (Reuters) - The pan-European FTSEurofirst 300 index advanced on Friday and headed for its best monthly performance in 5-1/2 years, with Germany's DAX share index outperforming after encouraging retail sales data. The DAX rose 0.6 percent after German retail sales increased for a fifth consecutive year in 2014, rising by 1.4 percent in real terms, reflecting the buoyant mood among consumers ...
Jan 30 (Reuters) - Hong Kong shares fell for a second day on Friday, racheting up it biggest weekly loss in seven weeks as sharp falls in mainland stocks and a weaker yuan hurt sentiment. "The depreciation in the yuan will continue to pile pressure on Hong Kong's market as investors are worried about less capital flows to the local market," said Shi Wenbien, analyst at Yuanta Securities in Shanghai, ...
The BSE Sensex and Nifty fell more than 1 percent on Friday after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.The Nifty was set to snap ten consecutive sessions of gains, although it has gained 6.8 percent so far this month, its best monthly ...
Japan's Honda Motor Co on Friday cut its annual operating profit forecast by 6.5 percent as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags made by supplier Takata Corp.Reporting its third-quarter earnings fell by nearly a quarter as it soaked up recall costs, Japan's third-largest automaker said it now expects an operating profit of 720 billion yen ...
A passenger allegedly raped by an Uber driver in India's capital sued the online car service in US federal court on Thursday, claiming the company failed to maintain basic safety procedures. The financial executive, who was not named in the lawsuit, called Uber the "modern day equivalent of electronic hitchhiking" in the suit. "Buyer beware - we all know how those horror movies end," the suit stated. ...
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