Hard to tell, for although these have bounced back from recent lows, markets might not be out of the woods yet, say analysts A few sessions, they say, is a long time for the markets. Barely a fortnight earlier, it was all gloom and doom, with fear of the US Federal Reserve’s tapering o…
Continue reading...Sensex logs biggest gain in four years, up 727 points
Mumbai: A host of positive factors such as sustained gains in the rupee and easing tensions over Syria kept the stock markets upbeat for the fourth session on Tuesday with the benchmark S&P BSE Sensex zooming 727 points, the most in more than four years. All sectoral indices gained,…
Continue reading...Record outflow from gold ETFs on profit-booking in Aug
Net outflow of Rs 588 crore as investors resort to speculative selling ahead of expected fall Gold is losing sheen for investors who’d been reaping good returns in recent years through exchange traded funds (ETFs). In August, when India’s overall gold import slipped to a several-…
Continue reading...Markets to remain closed on Monday (09-09-13)
Markets to remain closed on Monday (09-09-13) on account of Ganesh Chaturthi. …
Continue reading...Outperformer Bajaj Corp shows FMCG companies the power of one
A single-minded focus on its most successful brand, Almond Drops, is the core theme of one of India’s most profitable and fastest growing in its sector Do one thing and do it well. This is what Bajaj Corp, the fast-moving consumer goods (FMCG) company of the Kushagra Bajaj group, b…
Continue reading...Future Retail posts Rs 12 crore loss
The company recorded same sales growth of 10.4% in value retail in June quarter of 2013 Kishore Biyani led Future Retail posted a loss of Rs -12 crore in its core business for the quarter ending June 2013 as compared to Rs 6 crore profit before tax it posted in corresponding quarter of …
Continue reading...Why are FIIs selling?
The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together Selling by foreign institutional investors (FIIs) has clearly accelerated. Almost $4 billion (Rs 24,000 crore) exited India’s equity markets in the pa…
Continue reading...Rupee sinks to new low of 68.85, logs biggest single-day loss
Mumbai: The rupee Wednesday collapsed to a lifetime low of 68.85 against the dollar and closed at 68.80, registering its biggest single-day loss of 256 paise, as global oil prices jumped, deepening concerns about the current account deficit and capital outflows. Consistent dollar demand …
Continue reading...Markets off day’s low; Rupee over 68/USD
The broader markets fell with mid-caps and small-caps dropping 1.5-2 per cent on the BSE. Markets pared losses in the late-morning session on back of modest recovery in bank index, however, sentiments remained weak as investors feared that the country’s fiscal deficit may widen further…
Continue reading...Asian stocks unsettled by Syria jitters; oil rises
SYDNEY (Reuters) – Asian stocks slipped on Tuesday, while Brent crude held near a five-month high after the United States signaled possible military action against the Syrian government over a suspected chemical weapons attack. Heightened geopolitical tensions coupled with uncertai…
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