By Ryan Vlastelica NEW YORK (Reuters) – Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the critical June payrolls report. Equities have been on a tear recently as …

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The Union cabinet is likely to approve disinvestment of five per cent of the government’s equity in state-run equipment company Bharat Heavy Electricals Ltd (BHEL) next week. This is part of the government’s plan to raise Rs 40,000 crore from disinvestment in the current financial yea…

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DLF has rallied 5% at Rs 230, extending Friday’s 5% rally, on reports that the company will sell its shareholding in two IT SEZs in Pune and Noida for a combined value of Rs 1,300 crore to pay debt. Blackstone is likely to buy the IT SEZ in Pune for Rs 900 crore, while a high net worth…

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US markets to remain closed today on account of Independence day. …

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Larsen & Tubro (LT) (1807.50) – Good support at 1760 levels. Resistance is higher at 1950 State bank of India (2420.30) – Support at 2370. Resistance at 2430 ITC (201.55) – Facing resistance at 207. support at 196 Reliance (861.95) – Support at 832.90. Res…

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End of Quantitative Easing & Indian Equity Markets When the Federal Reserve formally announced a second round of Quantitative Easing (QE) back in November 2010, most economists were convinced that further QE measures would threaten emerging market stability. Where Did All The Money…

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MUMBAI | NEW DELHI: Bajaj Auto, Axis Bank and miner Sesa Goa will lead the S&P CNX Nifty companies’ June quarter earnings rise by a fifth and a 26% surge in sales, validating Reserve Bank of India governor Duvvuri Subbarao’s belief that the economy is still humming. Profi…

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The spike in interest rate might not impact steel demand in the country in the current fiscal as it is slated to grow by up to 11% backed by higher infrastructure spendings, Tata Steel said. Speaking to reporters last evening here, company managing director HR Nerurkar said that there wa…

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Stocks gained, erasing the MSCI All- Country World Index’s 2011 loss, while the euro rose and Treasuries tumbled amid speculation Europe will take action to prevent a Greek default. Commodities surged the most this month. The MSCI equit…

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The foreign institutional investors (FIIs) were net buyers of Rs 3.67 crore in futures and options segments on Monday. According to the data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 182.78 crore, while they bought index options worth Rs 497.96 crore….

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