The euro fell for a fifth day versus the dollar after an election loss for Germany’s ruling party stoked concern support is fading for bailouts of Europe’s most- indebted nations, boosting demand for refuge currencies. The Swiss franc strengthened against all its major counterparts a…

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The stock market is expected to drop before some consolidation this week as it looks towards global peers for cues and fresh triggers ahead of the Reserve Bank’s monetary policy review on September 16, analysts said. “When the market opens for trade on Monday, it will see a d…

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Markets shall remain closed tomorrow(31-08-11) on account of Ramzan Id, and on Thursday (01-09-11) on account of Shri Ganesh Chaturthi Other holidays of 2011: 11. Dassera – 6th October 2011 – Thursday 12. Diwali Amavasya (Laxmi Puja) – 26th October 2011 – Wednes…

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Pledging shares against debt is a sure recipe for disaster, especially in a falling market. Around 30 companies have actually pledged shares of more than 50% of their paid-up capital. Among the top companies with the highest value of pledged shares were TCS, Adani Power and JP Power—wit…

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Wall Street posted its first weekly gains in more than a month on Friday as Fed Chairman Ben Bernanke raised hopes for more stimulus for the economy at its September meeting. The Dow Jones industrial average was up 134.64 points, or 1.21%, at 11,284.46, according the latest available fig…

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Talks begin between Team Anna and UPA government, even as Anna is advised hospitalisation and drips, both of which he refuses. According to Team Anna, there are three sticking unresolved points between the Lokpal version and the Jan Lokpal version, on which, the government is slated to co…

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Fibonacci Retracement levels have been added in the Drawing tools of Chartink.com. Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth centu…

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Indian equity markets, which have been going through one of their longest losing streaks in recent history, might see some respite during the week as domestic institutions accelerate their buying activity. Experts, however, say any upswing would be temporary as global sentiment remains ex…

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Traders to bet big on silver as correction in yellow metal is imminent. As gold prices become costlier, and riskier at these very high levels, market players fear an imminent correction in it. This has tempted speculators and physical traders to bet big on silver. At Zaveri Bazar here, …

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After a few days of relative calm, Indian equity benchmarks closed with enormous cuts, with the NSE Nifty closing below 5000 for the first-time since June 2010, nearly 15-month low. It was a complete free-fall on the Dalal Street on Wednesday, dented by the fears about recovery in the Eur…

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