What was introduced by the government five years back as a tool to help coal consumers in the small non-core sector, has turned out to be a cushion for the largest coal producer in the world against flat production. The contribution of spot sales of coal or e-auction, to Coal India’s o…

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The market has already factored in a 25 basis points (bps) increase in key policy rates on Thursday, when the Reserve Bank of India (RBI) announces its mid-quarter review of the monetary policy. But with interest rates already shooting through the roof, bankers expect RBI to press the pa…

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Silver prices reacted downwards at the domestic bullion market today on hectic speculative and stockist sell-off impacted by bearish global sentiment. Gold also declined on fresh stockist offering in a lacklustre activity on the back of poor local buying interest. Silver ready (.999 fin…

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Rise in fuel costs and increase in interest rate crimp domestic demand. Domestic auto sales grew at its slowest pace in 20 months in May, industry data showed today, as buyers wary of rising lending rates and fuel prices shunned showrooms. Sales rose 10.6 per cent in the past month to 1…

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Asian stocks slipped for a sixth straight day on Thursday as investors cut exposure to risky assets on signs the global economy is losing steam, even as oil prices and the high-yielding Australian dollar pushed higher. Early losses in stocks were mild following a dip on Wall Street, with…

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Havells had corrected from 415 to 295 levels from Nov’2010 to Feb’2010. It tried to cross resistance at 415 levels couple of times but was unable to do so in the past. This time around it managed to close above strong resistance of 420 and is holding onto it. Technically it ca…

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Glenmark gave a breakout above 308 levels. managed to cross strong resistance at 306-308 levels and also bounced crossing resistance of 200dma and 500dma.if continues to hold onto 308 levels, it can head upto 323 in coming days. …

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With high inflation and rising oil prices casting a shadow on India’s growth story, Finance Minister Pranab Mukherjee on Tuesday asked institutional investors, including foreign entities, to remain bullish on the long-term growth trajectory driven by next generation reforms. In a meeti…

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Prime Minister Manmohan Singh today said police action against yoga guru Ramdev’s supporters was “unfortunate but unavoidable”. He said his government was fighting corruption but had no magic wand to end it. As the United Progressive Alliance (UPA) government tried to reclaim the p…

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The stock market may witness continued buying, but the overall mood will remain cautious as the government may decide on raising fuel prices this week, say experts. “We expect continued buying in the market after the end of the fourth quarter results. The most positive factor is the pr…

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