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Indian stocks opened lower this morning, with investors pressing some sales, ignoring positive global cues. Some disappointing earnings reports from India Inc and last week's data showing a jump in the country's trade deficit continue to weigh on sentiment.The BSE benchmark Sensex is down 126.73 points or 0.45% at 27,759.48. The Nifty index of the National Stock Exchange is down 48 points or 0.57% ...
Chinese President Xi Jinping arrived in Pakistan on Monday to launch $46 billion in projects linking the allies, a figure that would far exceed US spending in Pakistan and underscores China's economic ambitions in Asia and beyond.The infrastructure and energy projects are aimed at establishing a Pakistan-China Economic Corridor between Pakistan's southern Gwadar port on the Arabian Sea and China's ...
Gold remained below the key $1,200 level on Tuesday after overnight losses, as a rally in global equities and a firmer dollar dented the metal's appeal as a safe haven.Spot gold was little changed at $1,195.80 an ounce at 0319 GMT after losing 0.7 percent on Monday."Precious markets declined, as market participants pared back safe-haven exposure in gold," said ANZ analyst Victor Thianpiriya. "Risk ...
Gold worth around Rs 35 lakh was seized from a woman passenger, who arrived at the Chennai airport from Singapore on Monday, airport officials said. The gold, weighing 1.3 kg, was found in the baggage of the passenger, they said. The passenger, a resident of Tamil Nadu's Tiruchirappalli, was detained for questioning, they said. ...
Indian stocks opened lower this morning, with investors pressing some sales, ignoring positive global cues. Some disappointing earnings reports from India Inc and last week's data showing a jump in the country's trade deficit continue to weigh on sentiment.The BSE benchmark Sensex is down 126.73 points or 0.45% at 27,759.48. The Nifty index of the National Stock Exchange is down 48 points or 0.57% ...
By Jennifer Saba REUTERS - Saudi Arabia's Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox , by far the largest part of the media empire that James' father Rupert Murdoch built.     "James is a giant!" said Alwaleed, a Murdoch family ally and one of Fox’s top shareholders with a 6.6 percent voting stake, in an interview. ...
Sony Corp on Monday unveiled a new high-end Xperia handset featuring an aluminium frame and a 5.2-inch screen, showing it is still in the smartphone race even as it scales down its struggling mobile operations.The launch of the new flagship model comes amid a painful restructuring at the Japanese consumer electronics giant which has thrown the future of its smartphone division into doubt, with top ...
Islamabad: Chinese President Xi Jinping arrived in Pakistan on Monday to launch $46 billion in projects linking the old allies, a figure that far exceeds US spending in Pakistan and underscores China's economic ambitions in Asia and beyond. The infrastructure and energy projects are aimed at establishing a Pakistan-China Economic Corridor between Pakistan's southern Gwadar port on the Arabian Sea ...

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 ...
* CSI300 +1.4 pct; SSEC +0.9 pct; His: 2.1 pct * Investor interest shift back into small-caps * Trainmakers China CNR and CSR Corp slump on profit-taking By Samuel Shen and Pete Sweeney SHANGHAI, April 21 (Reuters) - Stocks in China rebounded on Tuesday, with investor interest shifting back to small caps as a slump in top trainmakers China CNR and CSR Corp soured sentiment toward infrastructure ...
MUMBAI (Reuters) - Shares in Sun Pharmaceutical Industries Ltd slumped as much as 10.9 percent on Tuesday, heading towards their biggest daily fall since June 2009 after Japan's Daiichi Sankyo Co Ltd started selling its stake in the Indian drugmaker. Daiichi Sankyo kickstarted the sale of the Sun Pharma stake, worth up to $3.6 billion, on Monday, according to a person directly involved in the deal ...
* CSI300 +1.4 pct; SSEC +0.9 pct; His: 2.1 pct * Investor interest shift back into small-caps * Trainmakers China CNR and CSR Corp slump on profit-taking By Samuel Shen and Pete Sweeney SHANGHAI, April 21 (Reuters) - Stocks in China rebounded on Tuesday, with investor interest shifting back to small caps as a slump in top trainmakers China CNR and CSR Corp soured sentiment toward infrastructure ...
BEIJING (Reuters) - Industrial and Commerical Bank of China (ICBC), the world's biggest lender by assets, said on Tuesday it has agreed to provide $4.3 billion in financing for energy and electricity projects in Pakistan. The four power projects, all located in the China-Pakistan Economic Corridor, are major infrastructure projects for China's "One Belt, One Road" initiative, the bank said in a statement ...
* Nikkei up 0.8 percent * Investors seek automakers, electronic manufacturers ahead of earnings announcements * China's stimulus calms slowdown worries By Thomas Wilson TOKYO, Apr 21(Reuters) - Japanese stocks rose on Tuesday morning as growing hopes for strong corporate earnings drove up exporters such as Toyota Motor and Panasonic Corp. The Nikkei benchmark added 0.8 percent ...
By Kaori Kaneko TOKYO (Reuters) - The United States and Japan made significant progress in trade talks over the past days, adding momentum to multilateral efforts toward a free-trade pact, both sides said on Tuesday. "Through these efforts, the gaps between the two sides have been substantially narrowed," U.S. Trade Representative Michael Froman said after two days of talks with Economy Minister ...
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