Hit by huge losses in the market capitalisation (m-cap) of state-owned ONGC and SBI, the combined market worth of eight of the country’s top-10 firms diminished by Rs 78,553.96 crore during last week. Oil and Natural Gas Corporation (ONGC) suffered a loss of Rs 26,222.55 crore fro…

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Cigarette-to-hotels major, ITC Ltd, has posted a 24.6 per cent rise in net profit to Rs 1,281.5 crore for the fourth quarter of 2010-11, as against Rs 1,028.2 crore during the same period during the last financial year. The company’s stocks, however, turned volatile and lost 1.82 per c…

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After touching a high of 18,356, up 157 points from the opening, the Sensex is moving sideways. The Nifty added 52 points at 5,480 and the Sensex gained 178 points at 18,319. The broader markets too have advanced with the uptrend. The smallcap and the midcap indices have added 0.8% each …

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TOKYO—Japan’s economy contracted at a much-worse-than-expected 3.7% annualized rate in the January-March period, tipping the country into a recession as the March 11 earthquake and tsunami caused declines in consumer spending, business investment and private-sector inventories. B…

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The country’s second largest two-wheeler maker Bajaj Auto on Wednesday reported an over twofold jump in standalone net profit for the quarter ended March, to Rs 1,400.4 crore. It had posted a net profit of Rs 528.7 crore for the corresponding period last year, Bajaj Auto said in a filin…

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Bangalore-based realty firm Prestige Estates Projects today said its consolidated net profit grew 28.74% to Rs 166.66 crore in the year ended March 31, 2011, over the previous fiscal. The group had a consolidated net profit of Rs 129.45 crore in the last fiscal, Prestige Estates Projects…

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The markets closed in the red for thr first trading day of the week in sync with the Asian and European markets which too were in the red for the day. The inflation data which appears to be better than the previous month largely due to the base effects failed to make any impression on the…

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In the steepest hike ever, state-owned oil companies have increased petrol price by about Rs. 5 per litre with effect from midnight tonight. The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came…

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As seen in the image below nifty has been trading in a range of 5450-5600 for quite some time. 5600 levels with was previously a good support level, is now acting as strong resistance and nifty has seen selling pressure from this level in last 3 tries. If nifty does manage to close above …

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Things seem to be going India’s way. At least that’s what the latest economic numbers show. While industrial growth surged 7.3 per cent in March after staying below five per cent for four months prior to that, food inflation fell to an 18-month low of 7.7 per cent during the week end…

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