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With buying in blue chip stocks, particularly in metal sector, gaining momentum, the benchmark indices Sensex and the Nifty have hit new highs in late afternoon trade and look all set to extend their gains to an eigth successive session.Bank, capital goods, realty, information technology and healthcare stocks are also edging higher in late aftenoon trade. Automobile, power and healthcare stocks are ...
Ipca Laboratories Ltd has voluntarily halted shipments to the United States from one of its drug ingredient manufacturing plants after the U.S. Food and Drug Administration found violations of standard production practices at the site. The FDA issued the company a so-called "Form 483", in which the agency outlined half a dozen violations including data integrity issues at the company's Ratlam plant ...
Gold broke below the key psychological level of $1,300 an ounce on Thursday as safe-haven demand for the metal eased due to rising Asian equities and strong Chinese manufacturing data. Physical demand in the region, however, increased slightly on the lower prices, with premiums in the biggest bullion consumer China edging up on buying interest. Spot gold fell 0.6 percent to $1,296.50 an ounce by ...
Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East, but under pressure from buoyancy in stock markets after positive U.S. data and corporate earnings. Sluggish physical demand in Asia in the seasonally quiet summer period is also weakening support for any price rally. Other than seasonality, the possibility of a further drop ...
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