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Indian shares are seen range-bound, with focus on oil prices due to rising tensions in the Middle East.The end of fiscal year could spark some volatility.Bonds and rupee are also seen range-bound.The focus is primarily on liquidity conditions, given banks and debt/FX markets are closed from Wednesday through Friday.Investors are also eyeing RBI's upcoming policy review on April 7.The Nifty is likely ...
Country's second largest software services firm Infosys will give out pay hikes in the range of 6.5% to 9% to employees in India for the financial year 2015-16.Effective April 1, the Bangalore-based firm is offering average hike of about 6.5%, sources said.On the other hand, top performers at the firm will be given a hike of about 9 per cent, while salaries of onsite employees will be raised by about ...
Gold prices surged by Rs 150 to close at over three-week high of Rs 27,100 per 10 grams at the bullion market today on a firming global trend and sustained buying by jewellers to meet seasonal demand. On the other hand, silver witnessed selling at higher levels and declined by Rs 200 to Rs 38,550 per kg. Bullion traders said apart from sustained festive season buying by jewellers, a firming trend ...
Singapore: Gold eased on Friday as traders booked profits after a seven-day rally and as the dollar rebounded on strong US data, but the metal looked set to post its second straight weekly gain on expectations US interest rates will stay low for longer. Tensions in the Middle East after Saudi Arabia and its allies launched air strikes in Yemen provided some support to gold, seen as a safe-haven asset. ...
NEW DELHI (Reuters) - Refiner BPCL is shutting its 120,000 barrels per day (bpd) Bina Refinery in Madhya Pradesh for about a month from Friday for routine maintenance, a company executive said. The refinery is operated by Bharat Oman Refineries Ltd, majority owned by BPCL. "It is a routine maintenance. Shutdown activities began today," B.K. Datta, head of refineries at BPCL told Reuters, adding ...
* FTSEurofirst 300 up 0.3 pct after losing 1.9 pct in 2 days * Novo Nordisk up 13 pct after deciding to submit drug data * Euro zone shares recover as euro falls back (Recasts, adds quotes) By Alistair Smout LONDON, March 27 (Reuters) - A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following ...
New Delhi: Reliance Communications, part of the Anil Ambani-led group, has acquired new and top-up 800/850 MHz spectrum in 11 circles. The acquisition of the new spectrum intends to achieve a contiguous five MHz spectrum holding nationwide in the recently concluded telecom airwaves auction, a company statement said here on Friday. The company stated that with this acquisition, it has become India's ...
Sydney: Popular social media site Facebook will introduce suicide prevention and support tools for vulnerable Australian users in the coming months, a company official has said. The initiative, which was welcomed by mental health groups when it was unveiled in the US earlier this year, allows users to report concerning online posts, The Brisbane Times reported on Friday. The posts are then reviewed ...

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 ...
* FTSEurofirst 300 up 0.3 pct after losing 1.9 pct in 2 days * Novo Nordisk up 13 pct after deciding to submit drug data * Euro zone shares recover as euro falls back (Recasts, adds quotes) By Alistair Smout LONDON, March 27 (Reuters) - A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following ...
By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks edged up on Friday, with major indexes trying to avoid falling every day this week, ahead of a speech by Federal Reserve Chair Janet Yellen that could make for a volatile close on Wall Street. Healthcare stocks helped buoy indexes with biotech stocks up 1.6 percent following four sessions of losses, while energy weighed the most on the S&P 500 ...
By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations. Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate ...
By Bernie Woodall DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Last year's compensation for Fields, 54, was for half the year as CEO and half as chief operating officer. For 2013, he made $10.2 million as COO. ...
By Bernie Woodall DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Last year's compensation for Fields, 54, was for half the year as CEO and half as chief operating officer. For 2013, he made $10.2 million as COO. ...
Honda Motor Co Ltd said on Friday that it would invest 9.65 billion rupees ($154 million) to expand its motorcycle and automobile production in India, targeting growing demand in Asia's third-largest economy.The Japanese automaker said its unit, Honda Motorcycle & Scooter India, would spend 5.85 billion rupees to raise annual production capacity by a third to 2.4 million units at its factory in ...
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