By Caroline Valetkevitch NEW YORK (Reuters) – Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis. The Dow posted its best day since M…

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Terming the 6.9% economic growth in the second quarter as “lower than expectation”, the Prime Minister’s Economic Advisory Council today said that good performance by farm sector would take annual growth for FY12 to 7.5%. “The growth in second quarter is lower tha…

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Chancellor George Osborne has said public sector pay rises will be capped at 1% for two years, as he lowered growth forecasts for the UK economy. The number of public sector jobs set to be lost by 2017 has also been revised up from 400,000 to 710,000. Borrowing and unemployment are set …

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SKS Microfinance is trading lower by 4% at Rs 99.65, extending its 10% decline in past three days, after the exit of the company’s founder and executive chairman Vikram Akula. The company did not give any reason for the resignation. India’s only listed micro-finance institution said …

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FII’s were net sellers on 28-11-11. They bought worth Rs. 1723 cr and sold worth Rs.2026 cr. In last 10 days, highest volumes were seen on 11-24-11. On 24th they bought worth Rs. 2072cr and sold worth 3709cr. Below is the 12 day chart of FII moves. One can also view the 3 year cha…

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A visibly upset Pranab Mukherjee, the senior most Congress politician had this to say soon after a citizen slapped Sharad Pawar in New Delhi on Thursday: “I don’t know where the country is going”. He had a scowl becoming his ire as he walked to his official car from his office. I w…

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Under political attack, the government on Friday put out a strong defence of its decision to allow up to 51 per cent foreign direct investment in multi-brand retail and up to 100 per cent in single-brand retail. The move, it said, would generate about 10 million jobs over three years and…

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Whenever markets correct by 200-300 points (nifty), we tend to see a bounce of 80-100 points. this could be due to short covering or value buying by investors for long term investments. In such cases traders looking to play the bounce, should buy stocks which have corrected a lot. any s…

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Below are few stock charts helping understand current trend of these stocks. Click on charts to enlarge Reliance Industries As seen in Reliance Industries chart above, its finding strong support at 750-760 levels. if breaks this level, it can head lower to 690-700 levels. on the upside,…

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Markets recovered smartly from the day’s low on the back of a easing food inflation data and positive cues from European markets. The Sensex, after touching a low of 15,479, recovered to a high of 15,901. The index finally ended up 159 points at 15,858. Nifty was up 50 points at 4,7…

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