Archive for the ‘Market’ Category

Rupee recovers marginally against dollar

Rupee recovers marginally against dollar

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The rupee on Tuesday closed five paise up at 44.78/79 against the US dollar on bullish local equities and easing of crude oil prices. Dealers said that the main reason behind the rupee rise was distinctly firm local equities and also increased portfolio investments. Fresh sale of dollars by exporters and some banks also supported... 

Tata Coffee rockets 20%, stock hits upper limit on BSE

Tata Coffee rockets 20%, stock hits upper limit on BSE

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MUMBAI: Boosted by the tie-up with US coffee chain Starbucks, Tata group firm Tata Coffee today extended its morning gains and advanced by 20 per cent to touch its upper limit on BSE. Defying the broad bearish market sentiment, shares of Tata Coffee reached the upper limit of Rs 555.70 on BSE, translating into a gain of 20... 

Sensex plummets 322 points to end below 19,000 on rate hike fears

Sensex plummets 322 points to end below 19,000 on rate hike fears

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Today bears ruled the Dalal Street, with Sensex plunging over 300 points, below the crucial 19,000 mark for the first time since November 2010 on increasing inflation and on concerns that the Reserve Bank may hike interest rates. At the close, the benchmark 30-share index, BSE Sensex declined 322.38 points or 1.68% at 18,860.44... 

SAIL’s Dec quarter net slips 34% to Rs 1,107 cr

SAIL’s Dec quarter net slips 34% to Rs 1,107 cr

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Steel Authority of India (SAIL) on Thursday reported a 34 per cent decline in its net profit at Rs. 1,107.47 crore for the October-December quarter as against Rs. 1,675.55 crore recorded in the year-ago period. However, revenue during the quarter rose by 17.5 per cent to Rs. 12,276.81 crore from Rs. 10,447.63 crore recorded... 

European shares flat; miners dip, Spanish banks up

European shares flat; miners dip, Spanish banks up

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European shares were little changed by midday trade on Thursday after 28-month highs a day earlier as miner-led declines and some market consolidation offset a good response to Spain’s bond auction. The market was waiting for a news conference starting at 1330 GMT by ECB President Jean-Claude Trichet, who will talk about... 

Nifty clings to 5750; experts fear freefall if 5700 breaks

Nifty clings to 5750; experts fear freefall if 5700 breaks

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It was a very tough day on Dalal Street today. The brakes were slammed on yesterday’s pullback as the market grappled with weaker than expected earnings from Infosys and selling pressure in the financials. The Sensex shut shop today at 19,182 – down 351 points. The big disappointment was Infosys today as it kicked off... 

Silver regains on global cues; gold declines

Silver regains on global cues; gold declines

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A divergent trend developed on the bullion market today as silver recovered on rising demand from industrial units and gold declined on reduced offtake at higher rate. While silver rose by Rs200 to to Rs45,000 per kg, gold shed Rs10 to Rs20,640 per 10 grams in mixed pattern of trade. Market analysts said the silver remained... 

Nifty ends near 5750; realty, tech, oil & gas down

Nifty ends near 5750; realty, tech, oil & gas down

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MUMBAI: Indian markets ended volatile session marginally in the red extending losses for sixth straight session. Realty, technology and oil&gas space led the decline while banks, auto and capital goods showed resistance. Indices opened on a firm note as stocks beaten down in past few sessions bounced back from lower levels.... 

Onion prices set to rise in Punjab after Pak bans exports

Onion prices set to rise in Punjab after Pak bans exports

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CHANDIGARH: Retail prices of onion are set to move further upward by Rs 5 to 7 per kg in Punjab following the ban imposed by Pakistan on onion exports to India via the Wagah-Attari land route, vegetable traders said today. “Definitely, there is a going to be pressure on retail rates of onions after the ban imposed on... 

Promoters to pump in Rs 1,600 crore in Reliance Infrastructure shares

Promoters to pump in Rs 1,600 crore in Reliance Infrastructure shares

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MUMBAI: Promoters will hike their stake in Anil Ambani group firm Reliance Infrastructure to 48 per cent pursuant to conversion of warrants allotted to them into equity shares for an estimated Rs 1,600 crore. In a regulatory filing to BSE, the company said that it will tomorrow consider the allotment of shares to promoter group... 

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