After touching a high of 18,356, up 157 points from the opening, the Sensex is moving sideways. The Nifty added 52 points at 5,480 and the Sensex gained 178 points at 18,319. The broader markets too have advanced with the uptrend. The smallcap and the midcap indices have added 0.8% each …

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TOKYO—Japan’s economy contracted at a much-worse-than-expected 3.7% annualized rate in the January-March period, tipping the country into a recession as the March 11 earthquake and tsunami caused declines in consumer spending, business investment and private-sector inventories. B…

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The country’s second largest two-wheeler maker Bajaj Auto on Wednesday reported an over twofold jump in standalone net profit for the quarter ended March, to Rs 1,400.4 crore. It had posted a net profit of Rs 528.7 crore for the corresponding period last year, Bajaj Auto said in a filin…

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The markets closed in the red for thr first trading day of the week in sync with the Asian and European markets which too were in the red for the day. The inflation data which appears to be better than the previous month largely due to the base effects failed to make any impression on the…

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As seen in the image below nifty has been trading in a range of 5450-5600 for quite some time. 5600 levels with was previously a good support level, is now acting as strong resistance and nifty has seen selling pressure from this level in last 3 tries. If nifty does manage to close above …

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Stan Choe and David K. Randall, AP Business Writers, On Wednesday May 11, 2011, 3:53 pm NEW YORK (AP) — Tumbling demand for commodities and a drop in the euro put financial markets on edge Wednesday, pulling the Dow Jones industrial average down nearly 150 points. Demand for gasol…

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SKS Microfinance, whose shares have slumped 42 per cent in the last three weeks on losses and low recovery in Andhra Pradesh, its largest market, plans to revamp its business model. India’s biggest and only listed microfinance company today said it would raise Rs 4,000-5,000 crore in 2…

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The combined market capitalisation (m-cap) of the country’s top 10 firms declined by Rs 60,046.55 crore during the last week, with telecom giant Bharti Airtel and banking major SBI emerging as the biggest losers. The market cap of Bharti diminished by Rs 10,652.05 crore in the week…

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As the below image indicates, nifty has strong support in the 5320-5380 region. As mentioned in previous posts, it did not manage to cross its long term resistance around 5950-6000 levels. it has maintained its uptrend since Nov’09 and it is likely markets see a bounce/ short coveri…

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Markets continued to move sideways in afternoon trades. The Sensex was down 101 points at 18,433. Nifty was trading at 5,521 – down 44 points. Auto and IT stocks have led the decline with each of the indices falling around 2%. However, oil & gas index was up 1% at 9,776. Weak…

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