Mumbai: The Reserve Bank on Monday reduced the marginal standing facility (MSF) rate, at which banks borrow from it, to 9 percent from 9.5 percent to improve liquidity in the system. “It has been decided to reduce the marginal standing facility (MSF) rate by a further 50 basis poin…

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European shares opened weaker for a third day, down 0.3% in early trade The government shutdown and looming debt deadline in the United States kept the dollar pinned at an eight-month low on Friday and drove world shares towards a second week of losses. With no clear progress in Washin…

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Housing launches drop up to 59 per cent in key markets; IT hub Bangalore only exception After a huge inventory pile-up and delivery setbacks, the numbers for housing launches appear bleak, too, thus firmly establishing the real estate gloom story. Launches till July this year fell by 38 …

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Stock market to remain closed on Wednesday (02-10-13) on account of Gandhi Jayanti. …

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Slowing demand, tighter liquidity a drag on profits, agree analysts; earnings growth this year might not exceed 5%, feel many Brokerages are likely to cut their expectation of growth in earnings per share (EPS) for large companies to the mid-single digits, due to factors such as higher i…

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Bank Nifty has tanked nearly 10% or 1,086 points in past three days as compared to 4.3% fall in benchmark CNX Nifty. Banking shares continue to remain under pressure for the third day in a row with the Bank Nifty slipping over 1,000 points after the Reserve Bank of India (RBI) Governor, …

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Titan Ind, Gitanjali Gems, PC Jeweller, Thangamayil Jewellery, TBZ and Renaissance Jewellery are up 2-9% on the BSE. Shares of jewellery makers are in limelight and trading higher by up to 9% in otherwise weak market on hopes of strong demand ahead of festival season. Gitanjali Gems, PC…

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New Delhi: The Reserve Bank of India (RBI) in its mid-quarter review of monetary policy on Friday raised the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.25 percent to 7.5 percent with immediate effect. The central bank has however slashed the Margina…

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BSE Bankex and BSE Realty index have surged between 6-7%. Benchmark indices have extended gains and are trading at two and half years high led by rate sensitive sectors like banks, auto and realty. The US Federal Reserve late Wednesday surprisingly decided to continue with its $85 bn-a-…

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The main gainers on the Sensex include Wipro, Dr Reddy’s Lab, Sesa Goa, Maruti Suzuki, Coal India, TCS, Tata Motors and M&M Benchmark indices continue to remain volatile in a narrow range with Sensex and Nifty oscillating between negative and positive zone. Markets have remai…

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