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NEW YORK: Goldman Sachs commodity strategist Jeff Currie sees a potential for oil price to drop below $20 a barrel if storage capacity is breached. "The $20 is based upon what we call cash cost, meaning that once you breach storage capacity, prices have to spike below cash cost because you've got to shut production in almost immediately," he told a TV channel."I wouldn't be surprised (if) this market ...
IT services provider Cognizant Technology Solutions Corp forecast its slowest revenue growth in 14 years for the current quarter, as clients worldwide rein in IT spending. Shares of the company, which also reported its first revenue miss in six quarters, fell 8.1 percent to $53.80 in premarket trading on Monday. New Jersey-based Cognizant said it expects adjusted profit of between 78-80 cents per ...

Is it right time to enter Gold?

2016-02-09 13:40:18

Having run a whopping around 14% in just over a month's time, analysts expect the rally in Gold to take a brief pause as prices approach the intermediate resistance of $ 1230. Taking a strong note of Gold's monthly price charts, bullion market analysts strongly feel the yellow metal had been able to reverse its intermediate bearish outlook and expect the market to stay sideways with an upward bias ...
Gold steadied on Tuesday, after touching its highest level in more than seven months the previous day as rising concerns about the global economic outlook hammered shares and sent investors rushing into safer assets.While those concerns persisted, European shares stabilised and gold saw some profit taking after failing to push through key resistance at $1,200 an ounce.Spot gold was trading at $1,187.6 ...
By Caroline Valetkevitch (Reuters) - U.S. stocks rose in a late-day rally on Tuesday afternoon, helped by gains in biotechs including Gilead and in materials shares. Shares of Gilead rose 2.7 percent at $87.60, while Allergan added 2.2 percent at $272.10. The Nasdaq Biotech Index was up 1.7 percent after trading lower earlier in the day. Eight of the 10 S&P sectors were in positive territory, ...
By Dion Rabouin NEW YORK (Reuters) - The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc. Risk appetite has waned as a selloff in major stock markets worldwide, along with a renewed tumble in crude ...
IT services provider Cognizant Technology Solutions Corp forecast its slowest revenue growth in 14 years for the current quarter, as clients worldwide rein in IT spending. Shares of the company, which also reported its first revenue miss in six quarters, fell 8.1 percent to $53.80 in premarket trading on Monday. New Jersey-based Cognizant said it expects adjusted profit of between 78-80 cents per ...
MUMBAI: Over 190 companies, including multinational corporations, 5,000 delegates from 60 countries, and leading industrialists including Ratan Tata and Mukesh Ambani will be participating in the maiden 'Make in India' week to be held in Mumbai from February 13. Aimed at attracting investments, the week will be inaugurated by Prime Minister Narendra Modi, and will also see a focus on government-to-government ...

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 ...
By Caroline Valetkevitch (Reuters) - U.S. stocks rose in a late-day rally on Tuesday afternoon, helped by gains in biotechs including Gilead and in materials shares. Shares of Gilead rose 2.7 percent at $87.60, while Allergan added 2.2 percent at $272.10. The Nasdaq Biotech Index was up 1.7 percent after trading lower earlier in the day. Eight of the 10 S&P sectors were in positive territory, ...
* Tumbling oil weighs on energy stocks * Materials best performing sector late * Indexes up: Dow 0.4 pct, S&P 0.6 pct, Nasdaq up 0.5 pct (Updates to late afternoon) By Caroline Valetkevitch Feb 9 (Reuters) - U.S. stocks rose in a late-day rally on Tuesday afternoon, helped by gains in biotechs including Gilead and in materials shares. Shares of Gilead rose 2.7 percent at $87.60, while ...
NEW YORK: Goldman Sachs commodity strategist Jeff Currie sees a potential for oil price to drop below $20 a barrel if storage capacity is breached. "The $20 is based upon what we call cash cost, meaning that once you breach storage capacity, prices have to spike below cash cost because you've got to shut production in almost immediately," he told a TV channel."I wouldn't be surprised (if) this market ...
MUMBAI: Over 190 companies, including multinational corporations, 5,000 delegates from 60 countries, and leading industrialists including Ratan Tata and Mukesh Ambani will be participating in the maiden 'Make in India' week to be held in Mumbai from February 13. Aimed at attracting investments, the week will be inaugurated by Prime Minister Narendra Modi, and will also see a focus on government-to-government ...
(Corrects headline to specify extent of damage) Feb 9 (Reuters) - Feb 9 (Reuters) - SRF Ltd : * disruption of operations due to flooding and rain at Manali industrial area, Manali, Tamil Nadu plant * Expected quantum of damage worth about INR 800 million * Estimated financial loss till January end is INR 180 to INR 200 million * Source text: (http://bit.ly/1PyNONR) * Further company coverage ...
Suzuki Motor Corp said operating profit rose slightly in the third quarter on healthy demand in India, but trimmed its full-year net profit outlook due to a tax-related issue.Japan's fourth-largest automaker posted a 1 percent increase in operating profit to 45.1 billion yen ($384.5 million) in the October-December period, just short of an average forecast of 49.7 billion yen from 11 analysts polled ...
  Cities   Price (10g)
  Chennai   Rs. 25020.00 (0.81%)
  Mumbai   Rs. 25890.00 (0.98%)
  Delhi   Rs. 25200.00 (-0.2%)
  Kolkata   Rs. 25480.00 (1.03%)
  Kerala   Rs. 24800.00 (0.61%)
  Bangalore   Rs. 25000.00 (0.81%)
  Hyderabad   Rs. 25080.00 (1.09%)

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