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Indian stocks opened on a rousing note on Saturday, extending previous session's gains, amid hopes the Union Budget will be highly growth oriented and market friendly. Bank, capital goods, realty and power stocks are in demand with investors betting on expectations there will be some positive news for these sectors. Oil, metal and consumer durables stocks are up as well.The BSE benchmark Sensex is ...
Tirupati: The Venkateswara temple, India's richest shrine located on the hills of Tirumala in Andhra Pradesh's Tirupati, has roped in software giant Tata Consultancy Service (TCS) as the technology partner to provide all online services. Tirumala Tirupati Devasthanam (TTD), which manages the affairs of the temple, Friday said TCS would take care of services including of e-darshan and all advance ...
Gold prices declined further by Rs 50 to Rs 27,000 per ten gram at the bullion market today owing to easing demand from jewellers and retailers amid a weak global trend.Silver also traded lower by Rs 100 to Rs 37,200 per kg on lack of buying support from industrial units and coin makers.Traders said besides falling demand from ornament makers, a weak global trend mainly kept pressure on gold prices.Gold ...
Gold advanced for the third session on Friday and was on track to end a four-week losing streak, supported by firm Chinese demand and a change in views on U.S. interest rates, with some again betting that an increase would not be delayed.Upbeat U.S. data and comments from Federal Reserve officials on Thursday suggested the U.S. central bank may be on track for an early rate rise this year, negating ...
New Delhi, Feb 28 (IANS) Finance Minister Arun Jaitley was set to present India's national budget for 2015-16 amid high expectations from all stakeholders in lifting overall growth, reinforced by the positive agenda set by the Economic Survey for "big bang" reforms. "As the new government is to present its first full year budget, it appears India has reached a sweet spot and that there is a scope ...
MUMBAI, Feb 28 (Reuters) - The Reserve Bank of India's net forward dollar book fell by $1.27 billion for up to one-year maturities in January, compared with a net fall of $6.49 billion in the previous month, according to Reuters calculations based on data from the central bank's website. The central bank likely let its forward dollar liability mature in January, which could have led to an overall ...
The Securities and Exchange Board of India (SEBI) said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd, saying the firm did not comply with its "fit and proper" norms.Financial firms must meet regulators' "fit and proper" criteria to operate in India.The asset management unit is part of the broader Sahara conglomerate, which has tussled with the market ...
New Delhi: Subsidies on food, fuel, railway fertiliser and others amount to staggering Rs 3.77 lakh crore but reach only a few of the targeted poor, the Economic Survey said. "Price subsidies are regressive. By regressive, we mean that a rich household benefits more from the subsidy than a poor household," the survey pointed. It also added that price subsidies have formed an important part ...

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 Sinead Carew NEW YORK (Reuters) - U.S. stocks were down slightly on the last trading day of February as mixed economic data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's planned injection of 60 billion euros to spur growth. The FTSEurofirst 300 index of top European shares closed up 0.38 percent on Friday after reaching its highest ...
* European stocks' strongest start of year in decades * U.S. stocks end down, oil settles up * U.S. Treasuries set for worst month since 2013 * Weak U.S. GDP, consumer sentiment beat forecasts, home sales up (Adds oil close; updates to U.S. close) By Sinead Carew NEW YORK, Feb 27 (Reuters) - U.S. stocks closed lower on the last trading day of February after mixed U.S. economic data on a day ...
By Jan Strupczewski and Deepa Babington BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks. Euro zone and IMF creditors gave Greece until the end of June to complete the bailout programme and receive the ...
By Frank Jack Daniel NEW DELHI (Reuters) - Prime Minister Narendra Modi's stomach for free-market economics faces a major test on Saturday, in a budget India's top economic advisor has warned could wreck the leader's promises of "good days" if there's no roadmap to reform. Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with ...
By Bernie Woodall DETROIT (Reuters) - General Motors Co's decision to shutter a car factory in Indonesia comes as global automakers rethink the timing and scope of investments in emerging markets once touted as engines of growth. Global automakers poured billions into Brazil, Russia, India, China and other emerging markets during the past few years. For now, some key emerging markets are a drag ...
VIENNA (Reuters) - France will soon hand over to Austria tax data linked to leaked client data of lender HSBC Holdings Plc which has admitted failings in compliance at its Swiss private bank, France's finance minister said on Thursday. "My administration will of course respond positively to this request and will transfer the information desired by the Austrian authorities in the coming days," ...
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