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Gold recovered some lost ground on Wednesday as the dollar retreated after its biggest daily rise in two years, but prices remained under pressure from expectations that a U.S. rate increase may come soon. Gold fell 1.7 percent on Tuesday, its biggest one-day drop this month, after firmer data supported the view that the Federal Reserve may raise interest rates this year. That would lift the opportunity ...
The rupee continued to decline for the third consecutive day against the US currency by slipping 3 paise to close above the 64-mark after nearly two weeks on dollar demand from importers coupled with higher greenback overseas. The rupee resumed lower at 64.06 per dollar as against the last closing level of 63.98 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to 64.16 per ...
Gold recovered some lost ground on Wednesday as the dollar retreated after its biggest daily rise in two years, but prices remained under pressure from expectations that a U.S. rate increase may come soon. Gold fell 1.7 percent on Tuesday, its biggest one-day drop this month, after firmer data supported the view that the Federal Reserve may raise interest rates this year. That would lift the opportunity ...
Falling for the second day in a row, gold prices today dropped by Rs 100 to over two-week low of Rs 27,350 per ten grams at the bullion market here.Silver also eased by Rs 50 to Rs 38,800 per kg due to lack of buying support from industrial units.Traders said weakening global trend where gold slipped to near two-week low as the dollar strengthened amid speculation that the Federal Reserve will raise ...
* Euro rises against dollar as Greece default fears fade * Michael Kors slumps on weak sales; weighs on rivals * Tiffany gains as results beat estimates * Indexes up: Dow 0.5 pct, S&P 0.6 pct, Nasdaq 0.8 pct (Adds details, changes comment, updates prices) By Tanya Agrawal May 27 (Reuters) - U.S. stocks were up in late morning trading on Wednesday, rebounding strongly from their steepest fall ...
By David Gaffen NEW YORK (Reuters) - The euro stabilized in volatile trading and stocks rose on Wednesday after reports that Greece and its creditors, including the European Union and IMF, had reached an agreement that will provide debt relief to the struggling nation. The agreement between Greece and the Brussels Group, comprised of major creditors that include the EU and International Monetary ...
Melbourne: Ever wondered how Facebook influences our financial decisions. Well, an Australian research claims that Facebook users who invest or gamble just after going through their news feed are more irresponsible with their money. The study said Facebook users see their online social circles as a "cushion" against financial loss. Eugene Chan, a Sydney marketing expert at the University of Technology, ...
Mumbai: With Yash Birla's name being made public by the Swiss government in relation to an information request from the Indian tax authorities, his business group on Tuesday said he has "no individual bank account in his name or under his control".The group also said this position has already been communicated to the tax authorities."Mr Yash Birla has no individual bank account in his name or under ...

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 ...
* Euro rises against dollar as Greece default fears fade * Michael Kors slumps on weak sales; weighs on rivals * Tiffany gains as results beat estimates * Indexes up: Dow 0.5 pct, S&P 0.6 pct, Nasdaq 0.8 pct (Adds details, changes comment, updates prices) By Tanya Agrawal May 27 (Reuters) - U.S. stocks were up in late morning trading on Wednesday, rebounding strongly from their steepest fall ...
By David Gaffen NEW YORK (Reuters) - The euro stabilized in volatile trading and stocks rose on Wednesday after reports that Greece and its creditors, including the European Union and IMF, had reached an agreement that will provide debt relief to the struggling nation. The agreement between Greece and the Brussels Group, comprised of major creditors that include the EU and International Monetary ...
By Douglas Busvine NEW DELHI, May 27 (Reuters) - Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project. Prime Minister Narendra Modi, who has just marked his first year in office, cut through an impasse over a troubled ...
May 27 (Reuters) - The Reserve Bank of India: RBI says reserve money grew 11.4 pct year on year in week to May 22 vs 11 pct year ago RBI says currency in circulation grew 10.8 pct y-o-y in week to May 22 vs 10.8 pct year ago RBI says currency in circulation down 48 bln rupees to 15.2 trln rupees in week to May 22 Source Text: http://bit.ly/1LISwIk (Reporting By Aditya Kondalamahanty in ...
By Aditi Shah NEW DELHI (Reuters) - Weak demand for sleek Jaguars in China battered the profits of its parent Tata Motors, pushing its shares down 5 percent on Wednesday and showing the car maker lacked agility in a market where the appetite for brash luxury has ebbed. Tata's net profit for the fourth quarter, published late on Tuesday, fell a worse-than-expected 56 percent, and India's largest ...
* JLR sales in China fall 20 pct in March qtr * JLR CEO says will not cut vehicle prices in China yet * Analysts cut FY16 China sales outlook on slow local plant ramp-up (Recasts with comments from executive and details of car pricing) By Aditi Shah NEW DELHI, May 27 (Reuters) - Weak demand for sleek Jaguars in China battered the profits of its Indian parent Tata Motors , pushing its shares ...
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