Click on chart to enlarge. TCS: TCS has strong resistance near 1200 levels. If manages to close above it, can head upto 1240 levels. on the downside has good support near 1140 Coal India: Coal India is finding support at 295 levels and has managed to hold it in last 1 month. if brea…

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In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis. In addition,…

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Iran says it may close a vital oil-trade route if the West imposes more sanctions over its controversial nuclear programme. Vice President Mohammad Reza Rahimi warned that “not a drop of oil will pass through the Strait of Hormuz” if sanctions are widened. Iran’s navy …

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Stocks barely changed in light holiday trading; Consumer confidence surges, Sears plunges NEW YORK (AP) — Stocks are closing barely changed in very light trading on the last week of the year. The economic news was mixed, sending stocks bouncing up and down in a narrow range for mo…

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Tracking a weakening global trend, gold futures fell by Rs 166 to Rs 27,613 per 10 grams today, as speculators offloaded their positions. At the Multi Commodity Exchange, February gold fell by Rs 166, or 0.60%, to Rs 27.613 per 10 grams, with a business turnover of 5,193 lots. The April…

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Increase investments when prices drop substantially. This year has been quite disastrous and the prognosis for 2012 doesn’t look great. Although 2008 saw a steeper fall in stockmarket prices, governments had resources for counter-cyclical action. Now, government finances are under stra…

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India’s benchmark share indices ended over 1% higher in the week to December 23, despite slumping to 28-month lows intra-week, after encouraging food inflation data and strong global cues. However, the broader market continues to remain weak as investors shunned investments in mid-c…

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Unemployment claims fell by 4,000 to 364,000 in the week ended Dec. 17, the lowest level since April 2008, Labor Department figures showed today in Washington. The Bloomberg Consumer Comfort Index improved to minus 45 in the period ended Dec. 18 from a reading of minus 49.9 the prior week…

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Click on the charts to enlarge HCL Tech: With the recent news of US call center bill proposed in the US, IT stocks have been witnessing selling pressure. Technically HCL tech has good support at 378-382 levels. if manages to break this level on the downside, it can test 365. On the upsi…

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By Adam Haigh Dec. 22 (Bloomberg) — European stock futures advanced as investors awaited U.S. data on jobless claims and consumer confidence for signals on the recovery in the world’s largest economy. U.S. index futures were little changed, while Asian shares declined. Stagecoac…

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