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The market has slipped deeper into the red in early afternoon trade today with key stocks from healthcare, realty, bank, metal and capital goods sectors coming under pressure.FMCG, IT, automobile and oil stocks are turning in a mixed performance. The mood continues to remain cautious due to a lack of triggers.The Sensex is down 136.50 points or 0.5% at 27,428.16. The Nifty is down 40 points or 0.5% ...
Bankers say the Reserve Bank of India should take steps to boost liquidity in addition to delivering a widely expected interest rate cut next week if it hopes to see lower lending rates and a pick-up in credit growth. Lenders' failure to fully pass on the RBI's two interest rate cuts this year has been a major frustration for policy makers. Commercial banks blame the central bank's tight grip ...
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 ...
Gold recovered some lost ground on Wednesday as the dollar retreated after its biggest daily rise in two years, but prices remained under pressure from expectations that a U.S. rate increase may come soon. Gold fell 1.7 percent on Tuesday, its biggest one-day drop this month, after firmer data supported the view that the Federal Reserve may raise interest rates this year. That would lift the opportunity ...
By Pete Sweeney and Samuel Shen SHANGHAI (Reuters) - China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The CSI300 index and the Shanghai Composite Index both slumped in late afternoon trade, ending ...
May 28 (Reuters) - Hong Kong stocks suffered their biggest one-day decline since December on Thursday, as panic in a slumping mainland market rippled across the border. The Hang Seng index fell 2.2 percent, to 27,454.31, the biggest fall since Dec. 9. The China Enterprises Index lost 3.5 percent, to 14,183.00 points. China stocks had their biggest fall in four months, after several major brokerages ...
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 ...
By Pete Sweeney and Samuel Shen SHANGHAI (Reuters) - China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The CSI300 index and the Shanghai Composite Index both slumped in late afternoon trade, ending ...
May 28 (Reuters) - Hong Kong stocks suffered their biggest one-day decline since December on Thursday, as panic in a slumping mainland market rippled across the border. The Hang Seng index fell 2.2 percent, to 27,454.31, the biggest fall since Dec. 9. The China Enterprises Index lost 3.5 percent, to 14,183.00 points. China stocks had their biggest fall in four months, after several major brokerages ...
May 28 (Reuters) - Hong Kong stocks suffered their biggest one-day decline since December on Thursday, as panic in a slumping mainland market rippled across the border. The Hang Seng index fell 2.2 percent, to 27,454.31, the biggest fall since Dec. 9. The China Enterprises Index lost 3.5 percent, to 14,183.00 points. China stocks had their biggest fall in four months, after several major brokerages ...
SHANGHAI, May 28 (Reuters) - China stocks slumped on Thursday, posting their biggest fall in four months, after several major brokerages tightened requirements on margin financing, triggering fears of further measures by regulators to reduce leverage in the red-hot market. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 6.7 percent, to 4,834.01, while the Shanghai Composite ...
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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