Higher gross refining margins have helped Reliance Industries (RIL) offset lower oil and gas production and post its highest net profit ever. Meeting forecast, RIL reported a 15.8 per cent rise in its net profit at Rs 5,703 crore for the July-September quarter of 2011. Its net profit for …

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Markets shall remain closed tomorrow 6th October 2011 on account of Dassera. Other remaining holidays for 2011: Wednesday 26th October, 2011 Diwali Amavasya (Laxmi Pujan) Thursday 27th October, 2011 Diwali Balipratipada Monday 7th November 2011 Bakri-Id Thursday 10th November, 2011 G…

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U.S. stocks rallied, driving the Standard & Poor’s 500 Index up 4.1 percent in the final 50 minutes, amid speculation European Union officials are examining how to recapitalize the region’s banks. Treasuries fell and the euro rallied. The S&P 500 surged 2.3 percent to 1,123…

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Weak PMI gives rise to fears of sub-8% economic growth for the third quarter in a row. India’s manufacturing activity has been showing clear signs of a slowdown in growth as it bears the brunt of monetary tightening, which may have repercussions for industrial and overall economic grow…

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Markets likely to see a gap down opening. Support for nifty is at 4830. If markets show recovery later during the day, buy: Ambuja Cements – (book profit in Ambuja Cements at 148-148.50) …

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Asia stocks dropped, following the regional index’s biggest quarterly loss since 2008, and the euro fell to an eight-month low against the dollar before European finance ministers gather to weigh the threat of a Greek default. Oil traded below $80 a barrel and copper sank a fourth day. …

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The markets did well to recover from the early week lows, but still witnessed significant volatility throughout the week owing to global worries. The Sensex, from an early week low of 15,801, rallied smartly to a high of 16,756 — up 955 points led by buying in select index heavyweights …

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Crude oil fell in New York, heading for the biggest quarterly drop since 2008, on concern that Europe’s debt crisis will linger and on rising U.S. stockpiles. Futures dropped 3.8 percent as German Chancellor Angela Merkel signaled policy makers may review Greece’s second bailout afte…

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Asian shares rose on Tuesday on hopes that eurozone officials will act to corral Greece’s debt woes and prevent another full-blown banking crisis, but the euro failed to hold on to all its gains. After three sessions of wild swings on commodities markets, oil and copper rose, but g…

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By Amanda Cooper LONDON (Reuters) – Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone. Euro…

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