News with Tags "cent"

Sensex overshadows gold in strong market rally this year

Posted on Tuesday, July 29, 2014 - 17:00 pm

NEW DELHI: Indian equities have overshadowed gold’s glitter by giving handsome returns of almost 23 per cent to investors so far this year.

While the BSE’s 30-stock benchmark index Sensex has logged in 22.76 per cent growth for investors so far in 2014, gold prices have fallen by 5 per cent. Silver however, managed to generate a marginal return of 2.38 per cent.


[Read More ....]

Short URL:

Posted by on Tuesday, July 29, 2014 - 17:00 pm.
Filed under India. Tagged with:
Comments are Closed

Slowdown likely for diamond processors

Posted on Tuesday, July 29, 2014 - 05:39 am

The second half of the calendar year (July-December) is likely to remain challenging for the diamond processing sector in India. The sector witnessed robust growth in the first half.


[Read More ....]

Short URL:

Posted by on Tuesday, July 29, 2014 - 05:39 am.
Filed under Commodities & Bullion. Tagged with:
Comments are Closed

Devangshu Datta: Policy triggers and wild cards

Posted on Monday, July 28, 2014 - 07:01 am

One of the largest imbalances in the Indian economy arises from the over-crowding of labour into the least productive sector. Agriculture contributes just about 17 per cent of the gross domestic product but it employs, or partially employs, well over 50 per cent of workforce. Even prosperous rural families with several other income streams rely on agriculture for a significant component of their income. Rural and semi-urban consumption patterns are driven by agricultural performance.


[Read More ....]

Short URL:

Posted by on Monday, July 28, 2014 - 07:01 am.
Filed under Analysis. Tagged with:
Comments are Closed

Asia: Mostly up after record Wall St close

Posted on Sunday, July 27, 2014 - 02:05 am

HONG KONG: Asian markets mostly rose yesterday following another record close on Wall Street, while the euro dug in against the dollar and yen after rebounding from multi-month lows.


[Read More ....]

Short URL:

Posted by on Sunday, July 27, 2014 - 02:05 am.
Filed under World. Tagged with:
Comments are Closed

Asia: Mostly up after record Wall St close

Posted on Sunday, July 27, 2014 - 02:05 am

HONG KONG: Asian markets mostly rose yesterday following another record close on Wall Street, while the euro dug in against the dollar and yen after rebounding from multi-month lows.


[Read More ....]

Short URL:

Posted by on Sunday, July 27, 2014 - 02:05 am.
Filed under World. Tagged with:
Comments are Closed

Hong Kong: Uptrend continues

Posted on Sunday, July 27, 2014 - 00:05 am

STOCKS rose 0.31 per cent yesterday, a fourth-straight advance, following a record close on Wall Street and with confidence boosted by a strong reading on Chinese manufacturing activity.


[Read More ....]

Short URL:

Posted by on Sunday, July 27, 2014 - 00:05 am.
Filed under World. Tagged with:
Comments are Closed

Weakness likely to continue in Rubber: Geojit Comtrade

Posted on Saturday, July 26, 2014 - 01:52 am

Geojit Comtrade’s report on Rubber

Indonesia’s natural rubber production is seen at 3.2 million tonnes in 2014 compared to 3.1 million tonnes produced last year according to the country’s Agricultural Ministry.


[Read More ....]

Short URL:

Posted by on Saturday, July 26, 2014 - 01:52 am.
Filed under Trading Calls – Commodity. Tagged with:
Comments are Closed

Markets likely to slip 10-15% in near term; trade cautiously, say analysts

Posted on Friday, July 25, 2014 - 16:29 pm

NEW DELHI: In the absence of any major trigger, the 50-share Nifty index, which has already rallied nearly 30 per cent since February, may consolidate in the near term before resuming its uptrend again.

“We are in a very bullish phase in the next two-three years and should be able to get 15% to 20% kind of return on an annualised basis on the main indices. So if you are in that kind of phase, we will also see a situation where there are corrections,” said Girish Pai, Director, Claritas Research.


[Read More ....]

Short URL:

Posted by on Friday, July 25, 2014 - 16:29 pm.
Filed under India. Tagged with:
Comments are Closed

Margin squeeze for galvanised steel makers

Posted on Friday, July 25, 2014 - 06:39 am

The gradual rise in global zinc prices is expected to squeeze the operating margins of galvanised steel producers, due to their inability to pass on the increased cost of production to consumers. Zinc is resistant to rust. So, it is used to coat steel for making lamp posts, car doors and beams. It is combined with copper to make brass. Two-thirds of its use is as an input for galvanising steel.


[Read More ....]

Short URL:

Posted by on Friday, July 25, 2014 - 06:39 am.
Filed under Commodities & Bullion. Tagged with:
Comments are Closed

Sensex@new high: 5 reasons why bears, not bulls, should be smiling

Posted on Thursday, July 24, 2014 - 22:29 pm

The Indian markets made substantial gains in late afternoon trade to end the day at fresh closing highs.

Experts say we cannot expect a sharp rally hereon. Here are five reasons why this may be the case:

ECONOMISTS TRIM GDP FORECAST


[Read More ....]

Short URL:

Posted by on Thursday, July 24, 2014 - 22:29 pm.
Filed under India. Tagged with:
Comments are Closed

Call rate above repo; 2023 bond yield falls

Posted on Thursday, July 24, 2014 - 19:47 pm

Overnight cash rate traded at 9 per cent, after touching a four-month high of 9.25 per cent during the session. That was higher than RBI’s official interest rate of 8 per cent.

Outflows this week tied to state and federal government auctions exceeded the amount pumped in by RBI.


[Read More ....]

Short URL:

Posted by on Thursday, July 24, 2014 - 19:47 pm.
Filed under Bonds. Tagged with:
Comments are Closed

Five reasons why bulls are down in the dumps, bears are smiling

Posted on Thursday, July 24, 2014 - 16:29 pm

Blame the ongoing global tensions or domestic worries regarding the macros, the bulls clearly seem to be down in the dumps although the market hit a new life high yesterday.

Today, the Sensex switched between red and green in intraday trade in a narrow range, albeit with a positive bias.


[Read More ....]

Short URL:

Posted by on Thursday, July 24, 2014 - 16:29 pm.
Filed under India. Tagged with:
Comments are Closed

Cautious market opens flat

Posted on Thursday, July 24, 2014 - 07:22 am

The Australian stock market has opened flat despite another strong session on Wall Street led by corporate giants Apple and Facebook.


[Read More ....]

Short URL:

Posted by on Thursday, July 24, 2014 - 07:22 am.
Filed under China. Tagged with:
Comments are Closed

RBI may sell 91-day bills at 8.61%: Poll

Posted on Wednesday, July 23, 2014 - 19:46 pm

RBI plans to set a cut-off yield of 8.61 per cent at its 91-day treasury bill auction on Wednesday as per median forecast in a Reuters poll of 10 traders.

Expected cut-off compares with cut-off yield of 8.6038 per cent last week. The highest yield polled was 8.66 per cent, lowest was 8.54 per cent.


[Read More ....]

Short URL:

Posted by on Wednesday, July 23, 2014 - 19:46 pm.
Filed under Bonds. Tagged with:
Comments are Closed

Call rate near four-month high, well above repo

Posted on Tuesday, July 22, 2014 - 16:46 pm

India’s overnight cash rate traded at 8.80-8.85, not far from a four-month high of 9.25 per cent hit on Monday. That is much above the overnight repo rate of 8 per cent.

Liquidity tight after payments from Friday’s Rs 14,000 crore ($ 2.33 billion) bond auction.


[Read More ....]

Short URL:

Posted by on Tuesday, July 22, 2014 - 16:46 pm.
Filed under Bonds. Tagged with:
Comments are Closed

Raised ore royalty rate to hit steel buyer

Posted on Tuesday, July 22, 2014 - 07:39 am

TThe proposed move to increase the rate of royalty on iron ore from 10 to 15 per cent is likely to affect the entire value chain, right till the end or steel consumer. The Indian mining sector will be paying double the royalty compared to many other countries.


[Read More ....]

Short URL:

Posted by on Tuesday, July 22, 2014 - 07:39 am.
Filed under Commodities & Bullion. Tagged with:
Comments are Closed

Rubber has resistances at Rs 14160-14260: Geojit

Posted on Monday, July 21, 2014 - 17:52 pm

Geojit Comtrade’s report on Rubber

Stockpiles monitored by Shanghai Futures Exchange rose 1095 tonnes to 152879 tonnes last week.


[Read More ....]

Short URL:

Posted by on Monday, July 21, 2014 - 17:52 pm.
Filed under Trading Calls – Commodity. Tagged with:
Comments are Closed

Dairies focus on value-added products for future growth

Posted on Monday, July 21, 2014 - 08:39 am

Value-added dairy products (VADP) are driving the way for dairy players. Through the years, the share of these products in the overall revenue of these companies has risen significantly. To boost growth, most companies plan to focus on this segment and add new products to their portfolio.


[Read More ....]

Short URL:

Posted by on Monday, July 21, 2014 - 08:39 am.
Filed under Commodities & Bullion. Tagged with:
Comments are Closed

Bears may have to wait for correction

Posted on Sunday, July 20, 2014 - 22:06 pm

VOLATILITY spiked on Thursday after the tragedy of a downed Malaysian Airlines jet in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber.


[Read More ....]

Short URL:

Posted by on Sunday, July 20, 2014 - 22:06 pm.
Filed under World. Tagged with:
Comments are Closed

KL shares lower in early session

Posted on Sunday, July 20, 2014 - 08:05 am

KUALA LUMPUR: Share prices on Bursa Malaysia opened lower in early session today in tandem with lower Wall Street overnight, as sentiment was affected by the crash of the Malaysia Airline’s plane in the Ukraine-Russia border.


[Read More ....]

Short URL:

Posted by on Sunday, July 20, 2014 - 08:05 am.
Filed under World. Tagged with:
Comments are Closed

Video News