India’s benchmark shares indices ended over 3% higher Wednesday, snapping a five day losing streak, on the back of robust global cues, with Reliance Industries and financials leading the gains. The 30-share Sensex ended at 15,685 up 510 points or 3.4% and the 50-share Nifty ended a…
Continue reading...Global markets rally on German data
German data lifts gloom, ECB funds eyed By Richard Hubbard LONDON (Reuters) – European shares and the euro rose on Tuesday on surprisingly good news about the German economy and a better-than-expected outcome at a Spanish treasury bill auction, but concerns about the euro zone deb…
Continue reading...Markets end down for fifth day
Benchmark share indices ended lower for the fifth straight day, amid a volatile trading session, on persistent selling by foreign funds with index heavyweight Reliance Industries leading the fall. The Sensex after staging a gradual recovery in noon trades slipped sharply to a low of 15,13…
Continue reading...Commodities lose more than equities globally
While the recent downward spiral in assets such as equities and commodities started around the end of July, globally the fall has been much sharper in the latter. In the five months since the US rating downgrade, commodities have lost 11.27 per cent (on the all commodity index of S&P …
Continue reading...Week ahead: Market may be volatile with downward bias
Indian bourses are expected to remain highly volatile with a downward bias in the week ahead, but may see a positive opening on Monday after witnessing a steep fall last week, according to analysts. “Markets will be highly volatile with a downward bias this week. A combination of g…
Continue reading...Nifty breaks strong support at 4680 on closing basis – Technically can test 4500 in coming days
Nifty has given a negative breakout below 4680 levels. Below chart explains it.. It had been bouncing back from 4680-4700 levels for long. Technically now seems can correct by another 100-150 points and could test 4500. Chart given below …
Continue reading...RBI meet – CRR & Repo rates left unchanged
There is no chnage in any monetary policy… all the rates are at same level …
Continue reading...9-10% GDP growth is history for Indian economy: Richard Iley, BNP Paribas
India’s economy has entered a phase of deteriorating growth-inflation equilibrium, says Richard Iley , chief Asia economist with BNP Paribas. In an exclusive interview to Rishi Shah , Iley says 9-10% growth is now history and India should brace itself for a 6.5% GDP growth in the cu…
Continue reading...Technical View :: Nifty, DLF, IDFC & JSW Steel
Click on image to enlarge the chart. Nifty: Nifty continues to find support at 4680-4700 levels. It has managed to see a bounce from these quite a few times in the last 3 months. Fresh shorts can be initiated once it manages to break 4680 on closing basis. DLF: DLF is finding good sup…
Continue reading...Gold drops nearly 5%, breaks 200-day average
SAN FRANCISCO (MarketWatch) — Gold futures skidded nearly 5% Wednesday, sinking below the $1,600 level for the first time in nearly three months, as a drop in the euro signaled a new level of anxiety about the region’s debt crisis and investors sought cash as the safest asset. The de…
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