Markets extended the morning gainsfollowing firm Asian peers and rally in metal shares. The S&P CNX Nifty gained 39 points, at 5,389 and the benchmark Sensex advanced 139 points, at 17,988. Markets bounced ahead of expiry because the markets were oversold on the technical charts. Ra…

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Cigarette-to-hotels major, ITC Ltd, has posted a 24.6 per cent rise in net profit to Rs 1,281.5 crore for the fourth quarter of 2010-11, as against Rs 1,028.2 crore during the same period during the last financial year. The company’s stocks, however, turned volatile and lost 1.82 per c…

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After touching a high of 18,356, up 157 points from the opening, the Sensex is moving sideways. The Nifty added 52 points at 5,480 and the Sensex gained 178 points at 18,319. The broader markets too have advanced with the uptrend. The smallcap and the midcap indices have added 0.8% each …

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TOKYO—Japan’s economy contracted at a much-worse-than-expected 3.7% annualized rate in the January-March period, tipping the country into a recession as the March 11 earthquake and tsunami caused declines in consumer spending, business investment and private-sector inventories. B…

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As seen in the image below nifty has been trading in a range of 5450-5600 for quite some time. 5600 levels with was previously a good support level, is now acting as strong resistance and nifty has seen selling pressure from this level in last 3 tries. If nifty does manage to close above …

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Things seem to be going India’s way. At least that’s what the latest economic numbers show. While industrial growth surged 7.3 per cent in March after staying below five per cent for four months prior to that, food inflation fell to an 18-month low of 7.7 per cent during the week end…

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Stan Choe and David K. Randall, AP Business Writers, On Wednesday May 11, 2011, 3:53 pm NEW YORK (AP) — Tumbling demand for commodities and a drop in the euro put financial markets on edge Wednesday, pulling the Dow Jones industrial average down nearly 150 points. Demand for gasol…

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SKS Microfinance, whose shares have slumped 42 per cent in the last three weeks on losses and low recovery in Andhra Pradesh, its largest market, plans to revamp its business model. India’s biggest and only listed microfinance company today said it would raise Rs 4,000-5,000 crore in 2…

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As the below image indicates, nifty has strong support in the 5320-5380 region. As mentioned in previous posts, it did not manage to cross its long term resistance around 5950-6000 levels. it has maintained its uptrend since Nov’09 and it is likely markets see a bounce/ short coveri…

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MUMBAI: The Reserve Bank of India raised interest rates by a sharper-than-expected 50 basis points on Tuesday and said fighting inflation is its priority, even at the expense of short-term growth. Savings bank deposit interest rates was increased from 3.5% to 4%. The rate rise was its ni…

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