BSE FMCG and Oil & Gas indices have surged by almost 2% followed by counters like Metal, PSU, Capital Goods, Banks, Power, Consumer Durable and Healthcare, all gaining by 1% each. Benchmark indices have extended the gains in late noon trades, amid value buying at lower level and sho…

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As a result of massive falls in these stocks, leveraged long operators were caught on the wrong foot The crash in mid-caps during February highlighted both the fragility as well as the strength of the Indian stock market. Many highly-fancied midcaps such as Opto Circuits, Core Education,…

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In the face of great skepticism and a laundry list of reasons why it shouldn’t be happening, the Dow Jones Industrial Average (^DJI) burst higher in early trading today, eclipsing the previous closing high of 14,164 set on October 9, 2007. As it stands, the DJIA is also trading abov…

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New Delhi: ONGC has retained the top position in the coveted list of 10 most profit-making PSUs, while BSNL was the biggest loss-making state-run company in 2011-12, according to a government survey. ONGC, the country’s largest oil and gas producer, earned a net profit of Rs 25,122…

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New Delhi: Petrol price was Friday hiked by Rs 1.40 per litre, the second big increase in rates in as many weeks. A rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in price of petrol with effect from midnight tonight, said a state…

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IFCI Financial Services was the biggest seller of the shares CORE Education & Technologies today said that some entities have invoked promoters’ pledged shares on account of margin short fall and sold the same in the market. IFCI Financial Services was the biggest seller of t…

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Zeebiz Bureau New Delhi: Finance Minister P Chidambaram on Thursday did not tinker with the Income Tax slabs while presenting the Union Budget 2013-14 in the Lok Sabha. Chidambaram however said a surcharge of 10% would be imposed on those earning over Rs 1 crore in a year, for 2013-14. …

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Retail investors and traders are not the only ones who burnt their fingers in the recent market fall. The bear hug has rattled some large stock market operators and they’ve been scurrying to square off their positions in the past couple of weeks. Stocks associated with various oper…

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NEW YORK (Reuters) – The S&P 500 suffered its worst decline since November 7 on Monday in a sharp reversal from initial gains as elections in Italy stoked concerns that a divided parliament could disrupt the country’s fiscal reforms and the euro zone’s stability. B…

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Avoid fresh entry in midcaps. Core edu down 55%, Welspun corp down almost 30%. Videdocon around 15%, Flexituff Internation down 20%, DB realty down 10% Midcaps are seeing fresh selling pressure come in. Best to avoid a fresh entry for now. …

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