In one of the sharpest rally in the last 21 months, the markets recovered significant lost ground of the November 8, 2010, to February 11, 2011 fall. The rally was so sharp that the Nifty gained 8.7 per cent in straight eight trading days at March end. In fact, this week, the index not on…

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Mumbai: The magnificent Team India kept its cool to beat Sri Lanka by six wickets in the final of the World Cup at the Wankhede Stadium in Mumbai on Saturday. Indian skipper MS Dhoni (91) hit the winning runs by swatting a huge six over the long-on boundary. Yuvraj Singh (21) also remai…

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Midcap and smallcap stocks, despite the recent spike in the stock market, are continuing to languish. Since November 20, the Bombay Stock Exchange (BSE) midcap index has lost 23 per cent. In comparison, the BSE-30 has fallen much lesser at 12 per cent. Over a three-year period, since Jan…

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A majority of retail investors expect the Bombay Stock Exchange (BSE) benchmark, the Sensex, to cross the 22,000 level during calendar year 2011, showed a Morgan Stanley survey, released on Monday. Conducted among 600 urban equity investors, with an average annual income of $13,500 (abou…

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Sets up joint venture with D E Shaw Reliance Industries (RIL) Chairman Mukesh Ambani has finally entered the financial services space. This comes just days before the Reserve Bank of India is expected to announce the draft guidelines for entry of new banks. RIL today set up a joint vent…

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The BBC’s Mark Worthington says many people in Japan are becoming increasingly concerned about what is going to happen in the future The operators of a stricken Japanese nuclear plant have apologised for a “mistake” in reporting a radiation spike 10 million times above …

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Radioactivity in water at reactor 2 at the quake-damaged Fukushima nuclear plant has reached 10 million times the usual level, company officials say. Workers trying to cool the reactor core to avoid a meltdown have been evacuated. Earlier, Japan’s nuclear agency said that levels o…

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Markets gained smartly in late-noon trades on the back of all-round buying. A positive closing for Asian markets and reports that the government has tabled some key reform bills in the Parliament this week, helped the index to end in the positive for the fourth straight day. The marke…

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Arbitrage funds lose sheen Mehul Shah / Mumbai March 25, 2011, 0:10 IST Investors pull out money for higher yields in debt schemes. Arbitrage funds, seen as an alternative to debt funds, have seen a 75 per cent drop in their assets in the current financial year after…

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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. The market’s favored indicator of anxiety, the Chicago Board Opti…

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