Asian stocks slipped for a sixth straight day on Thursday as investors cut exposure to risky assets on signs the global economy is losing steam, even as oil prices and the high-yielding Australian dollar pushed higher. Early losses in stocks were mild following a dip on Wall Street, with…

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Prime Minister Manmohan Singh today said police action against yoga guru Ramdev’s supporters was “unfortunate but unavoidable”. He said his government was fighting corruption but had no magic wand to end it. As the United Progressive Alliance (UPA) government tried to reclaim the p…

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The markets are trading firm after a quiet opening with the Sensex gaining 136 points at 18,632 and the Nifty crossed the resistance level of 5,600 briefly but is currently trading at 5,593 up 42 points. __________________ The markets have opened in the positive with the Sensex gaining…

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Shares in Sun TV and budget carrier SpiceJet plunged after media reports said a public lawsuit had named the companies’ chairman’s brother Dayanidhi Maran in a telecoms probe. Maran, who is the minister for textiles in the central government, is alleged to have favoured one t…

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Australia has reported its biggest quarterly fall in gross domestic product (GDP) in 20 years. Its economy contracted by 1.2% in the first three months of the year compared with the previous quarter, the latest government figures showed. The government said flooding and cyclones in the …

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Larsen & Tubro (LT) (1638.30) – Good support at 1580 levels. Resistance at 1660 (closing basis) State bank of India (2234.65) – Support at 2160, Resistance at 2330 ITC (188.95) – Facing strong resistance at 192-195 levels. support at 185 Reliance (945.45) –…

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Markets extended the morning gainsfollowing firm Asian peers and rally in metal shares. The S&P CNX Nifty gained 39 points, at 5,389 and the benchmark Sensex advanced 139 points, at 17,988. Markets bounced ahead of expiry because the markets were oversold on the technical charts. Ra…

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Give robust guidance for the year, while client-specific issues continue to hit Sasken & MindTree. The March quarter results posted by midcap information technology (IT) companies were a mixed bag. While Hexaware Technologies, Polaris Software and Firstsource (FSL) posted good resul…

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Hit by huge losses in the market capitalisation (m-cap) of state-owned ONGC and SBI, the combined market worth of eight of the country’s top-10 firms diminished by Rs 78,553.96 crore during last week. Oil and Natural Gas Corporation (ONGC) suffered a loss of Rs 26,222.55 crore fro…

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Cigarette-to-hotels major, ITC Ltd, has posted a 24.6 per cent rise in net profit to Rs 1,281.5 crore for the fourth quarter of 2010-11, as against Rs 1,028.2 crore during the same period during the last financial year. The company’s stocks, however, turned volatile and lost 1.82 per c…

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