MUMBAI: Breaking its six-week long losing trend, country’s top 10 club added over Rs 20,000 crore to the combined market valuation in the past week, even as Reliance Industries and Infosys suffered losses. The top 10 companies together gained Rs 23,273 crore in market cap last week…

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Sajjan Jindal-controlled JSW Steel will cut production by 20 per cent starting this month in the wake of the current market turmoil. According to a company release, JSW will utilise the time for general maintenance of its facilities. The company plans to rationalise its product-mix as wel…

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1. Online stock trading with winning tips daily: Yesterday I had correctly predicted the level of National stock exchange (Nifty) level of 2984 as a make or break level. The study of open interest suggests that market has a negative bias and thus Nifty can touch 2800 level. At best Nifty …

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MUMBAI: Foreign Institutional Investors sold off equities worth Rs 511.53 crore, amid the Bombay Stock Exchange barometer index Sensex losing 386 points today. FIIs invested in shares worth Rs 1,479.54 crore and shed stocks valued at Rs 1,991.07 crore, resulting in net sales of Rs 511.53 …

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MUMBAI: Equities recouped from day’s highs to end sharply lower as higher than expected inflation spooked sentiments. Metals and oil&gas stocks were under pressure while realty and healthcare stocks ended flat. Inflation for the week ended October 25 was at 10.72 per cent against 1…

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IT firm KLG Systel today said it has bagged an order worth Rs 132 crore from the Punjab government for commissioning of power stations. In a filing to the Bombay Stock Exchange, the firm said its power system solution division has won the contract from Punjab State Electricity Board. Unde…

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Mumbai: The Sensex is now down 408 points at 9,712. Tata Steel has slumped nearly 13% to Rs 188. Tata Motors have plunged 12% to Rs 160. Sterlite has shed 10.5% at Rs 240. Hindalco has tumbled 9% to Rs 56. Bharti Airtel has shed 7.7% at Rs 632. Reliance and Grasim have slipped nearly 6% e…

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MUMBAI: Alkali Metals recovered from a weak listing to surge 63 per cent to Rs 167.85 on the BSE at 1:02 pm on Thursday. The high so far is Rs 169.70.The stock had listed at Rs 90, a discount of 12.62 per cent to its issue price of Rs.103 per share. The company had come out with 1.01 cror…

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MUMBAI: Benchmarks ended sharply lower on Wednesday as selling emerged in frontline stocks. Reliance Industries was the worst hit after reports that the company shut five of its seven polyester and petrochemical units at Patalganga near Mumbai. Bombay Stock Exchange’s Sensex closed at 1…

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In all, the financial crisis cost the French major about €1.7bn in provisions and asset writedowns, excluding €123mn of gains from its own debt BNP Paribas said on Wednesday that its third-quarter profit slumped 56%, as provisions for risky loans shot up in the wake of the collapse of…

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