Tata Coffee has dipped 7% to Rs 801 after reporting 52% year-on-year (y-o-y) drop in net profit at Rs 24.03 crore for the quarter ended December 31, primarily due to poor performance of one of its coffee brand – Eight O’ Clock. The company had a net profit of Rs 49.73 crore in…

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Markets likely to open higher, support for Nifty at 4920 and resistance at 4990 Sell United Spirits on rise around 656, Target: 642, SL 666 – (book profit at 641) 2.56pm – Buy Onmobile at 76, target: 81. Stoploss: 73 (1-2 day hold) …

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Markets likely to open flat, Resistance for Nifty at 5060 Buy HCL Tech at 425, Target: 432, SL 420 – (sl triggered) Sell LIC Housing at 250, Target: 245, SL 253 – (Book profit in LIC housing at 245-245.50) 10.19pm – Book profit in Ranbaxy at 457 …

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A key group of ministers on Tuesday reached a consensus on allowing foreign airlines to buy up to 49 per cent stake in Indian carriers. Foreign carriers are not currently allowed to directly or indirectly make any investment in Indian carriers. “We have reached a consensus on allowing …

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Markets likely to open flat. Support for nifty is at 4780 and resistance at 4900. Buy Tata Global Beverage at 98.50, target: 102.50. Stoploss: 95 – (exit tata global at 97 in intraday, if one can hold for few days, continue to hold. has strong support at 95 levels, likely to test …

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TOKYO: Asian shares inched higher and the euro stayed above a 17-month trough on Tuesday as investors focused on economic data from China to gauge the impact of the euro zone debt crisis on global growth. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.3 percent…

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Headline inflation fell to a two-year low of 7.47% in December 2011 on cheaper food items, a factor which may prompt the Reserve Bank to cut policy rates in the upcoming review. Headline inflation, as measured by Wholesale Price Index (WPI), had stood at 9.11% in November. It was 9.45% i…

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Markets likely to open a bit lower. Support for nifty is at 4780 and resistance at 4880. Buy ITC at 206-207, target: 212. Stoploss: 203 – (book profit in itc at 209.50) Trade in small quantity 10.23am – SL Triggered in LT …

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By Matthias Sobolewski and Dina Kyriakidou BERLIN/ATHENS (Reuters) – Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for t…

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By Dina Kyriakidou ATHENS (Reuters) – Talks between Greece and its creditor banks to slash the country’s towering debt pile broke down on Friday, with the Greeks warning of “catastrophic” results if a deal to swap bonds is not reached soon. The sides remain divid…

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