It was another day of strong performance from the benchmark indices on the back of positive global cues and huge buying in the high beta stocks. The Nifty closed successfully above the 200 DMA (daily moving average) of 4230 and the Sensex sustained above the 14000 mark in the second half …
Continue reading...Gold trades at Rs 14,660 per 10 grams
Mumbai: India gold futures were steady on Wednesday as pressure from a strong rupee was offset by rising crude oil, analysts said. The most active August contract was almost flat at Rs 14,660 per 10 grams at 11:16 a.m. Investors would now await the release of consumer price index and in…
Continue reading...Sensex seen rising another 12% by Dec
The BSE benchmark Sensex is set to gain another 12 per cent by the end of 2009, taking its rise for the year to 60 per cent, as an economic revival boosts corporate earnings and attracts liquidity, a Reuters poll shows. The results from the latest survey of 16 analysts taken after the go…
Continue reading...POLL – Asian economies set for sharp rebound in 2010
By Susan Fenton HONG KONG (Reuters) – China is on track to reach its 8 percent growth target this year, while Asia’s worst hit economies Singapore and Taiwan will see a sharp turnaround next year as the continent rebounds, a Reuters poll shows. The poll covered growth estim…
Continue reading...Teledata Tech Solutions lists at Rs 50.30 on BSE
Teledata Tech Solutions lists at Rs 50.30 on BSE Press Trust of India / Mumbai July 15, 2009, 11:17 IST Teledata Technology Solutions today got listed at Rs 50.30 on the Bombay Stock Exchange (BSE) pursuant to its demerger from Teledata Informatics. Shares of Teledata Technology open…
Continue reading...How a ‘buy’ on Goldman Sachs sparked global rally
Even as the recent few days have been negative for global and Indian stock markets, Monday saw a sudden respite as Wall Street rallied about 2.5% led by stocks of the financial sectors, which rose by more than 6%. The reason: famous analyst Meredith Whitney who turned bullish on Goldman …
Continue reading...Microsoft CEO laughs off Google OS challenge
SEATTLE (Reuters) – Microsoft Corp’s (MSFT – News) chief executive attempted to laugh off the challenge of Google Inc’s (GOOG – News) planned computer operating system on Tuesday, conceding only that it was “interesting”. “I will be respect…
Continue reading...Goldman Sachs posts $3.44 bn profit in Q2
NEW YORK: Goldman Sachs Group Inc. said on Tuesday its second-quarter profit easily surpassed expectations as profit was buoyed by strength in Goldman Sachs Top 20 Global Banks Largest US bankruptcies Financial crisis Five facts on stock falls its trading and underwriting businesses…
Continue reading...US fiscal deficit tops $1 tn for first time
WASHINGTON: Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There’s also concern about trying to reverse th…
Continue reading...White House: Health, green jobs growing quickly
WASHINGTON (AP) — The economy in 2016 will look like the one from 2008, according to a report the White House’s economic team released Monday. The Council of Economic Advisers predicted jobs providing health care and helping the environment were likely to grow more quickly th…
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