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Despite opening on a firm note, the Indian stock market ended lower on Thursday, as weakness in Asian and European markets amid rising concerns about imminent U.S. interest rate hikes weighed on sentiment and prevented traders from indulding in any meaningful buying.Due to expiry of near month derivatives contracts, movements were quite listless at several front line counters. The overall mood was ...
Rome/New Delhi: India is home to the highest number of hungry people in the world, at 194 million, surpassing China, according to United Nations annual hunger report. At the global level, the corresponding figure dropped to 795 million in 2014-15, from 1 billion in 1990-92, with East Asia led by China accounting for most of the reductions, UN body Food and Agriculture Organisation (FAO) said in ...
Tracking weak trend overseas and low demand from jewellers, gold extended its slide for the third straight day as prices dropped by another Rs 25 to Rs 27,325 per 10 grams at the bullion market today. Silver followed suit, which traded lower by Rs 260 to Rs 38,540 per kg. Sentiment remained weak, largely in line with a weakening trend overseas where gold held at 2-week low as prospects for an increase ...
Gold was steady after initially falling to a two-week low on Wednesday, as the dollar retreated from a one-month high, but the precious metal remained under pressure from expectations that a U.S. rate increase may come soon.Spot gold XAU= was up 0.1 percent at $1,187.70 an ounce at 2:53 p.m. EDT (1853 GMT), after hitting $1,183.76 an ounce, the lowest since May 12. U.S. gold futures GCv1 for June delivery ...
By Jongwoo Cheon SEOUL (Reuters) - Sentiment towards most emerging Asian currencies worsened in the last two weeks with short positions in India's rupee near a two-year high as expectations firmed that U.S. interest rates will move higher by year end, a Reuters poll showed on Thursday. The Chinese yuan was an exception as its long positions hit a seven-month high, according to the survey of 20 ...
By A. Ananthalakshmi SINGAPORE (Reuters) - China's net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed on Thursday, as demand for the precious metal eased amid robust equities. Net gold imports from Hong Kong dipped to 52.204 tonnes in April, from 66.363 tonnes in March, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. ...
United Spirits (USL) has received notices from the Ministry of Corporate Affairs and the I-T Department for inspection of its book subsequent to a probe ordered by its new management over alleged irregularities in loans given by it to various companies of Vijay Mallya-led UB Group.USL said its Board has asked MD and CEO Anand Kripalu to further probe "possible existence of any other transaction of ...
Surat: BJP president Amit Shah on Wednesday accused former prime minister Manmohan Singh of not stopping others from indulging in corruption during his regime due to which the nation has suffered a loss of about Rs.12 lakh crore."I believe that a prime minister's responsibility is not limited to not doing corruption himself but to also ensure that others are not allowed to do corruption. He has to ...

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 ...
* Posts net loss of 561 mln rupees in Q4 * Sees gross bad loans ratio below 4.5 pct this fiscal yr * Infrastructure remains key concern (Adds quotes, details, forecasts) By Devidutta Tripathy MUMBAI, May 28 (Reuters) - Bank of India reported its first quarterly loss in more than two decades on Thursday, weighed down by a larger than expected increase in bad debts, sending its shares down ...
* Futures down: Dow 34 pts, S&P 3.25 pts, Nasdaq 5.5 pts May 28 (Reuters) - U.S. stock index futures were lower on Thursday, weighed down by concerns about Greece's ability to strike a deal with its creditors. * European officials downplayed talk that Greece and its lenders were drafting an agreement that would provide Athens much-needed debt relief. * Investors also await weekly U.S. jobless ...
By A. Ananthalakshmi SINGAPORE (Reuters) - China's net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed on Thursday, as demand for the precious metal eased amid robust equities. Net gold imports from Hong Kong dipped to 52.204 tonnes in April, from 66.363 tonnes in March, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. ...
New Delhi: Indian low-cost carrier SpiceJet Ltd said on Thursday it made 225.2 million rupees ($3.53 million) in the three months to the end of March, returning to profitability after seven quarters of losses. The country's fourth-largest airline by market share, which almost collapsed in December before being bailed out, reported a 3.22 billion rupees net loss for the same period last year. "These ...
By Jessica Dye NEW YORK (Reuters) - A U.S. bankruptcy judge on Wednesday put on hold dozens of lawsuits accusing General Motors Co of concealing an ignition-switch defect while the plaintiffs in those cases appeal an earlier ruling that found their cases were barred. GM had argued that claims for vehicles predating its 2009 exit from Chapter 11 bankruptcy should be dismissed, following U.S. Bankruptcy ...
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 ...
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