News with Tags "cent"

Gold hits 11-month low of Rs 27,500 on weak global cues

Posted on Thursday, May 29, 2014 - 18:52 pm

Extending its downward journey for the fourth straight session, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets.


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Posted by on Thursday, May 29, 2014 - 18:52 pm.
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Rise in demand boosts textile firms’ margins

Posted on Thursday, May 29, 2014 - 05:39 am

The availability of raw material at reasonable costs, coupled with a rise in demand, has led to a rise in the margins of textile firms for the quarter ended March.


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Posted by on Thursday, May 29, 2014 - 05:39 am.
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Reserve Bank of India may sell 91-day treasury bills at 8.60 per cent: poll

Posted on Wednesday, May 28, 2014 - 13:46 pm

The Reserve Bank of India is expected to set a cut-off yield of 8.60 per cent at its 91-day treasury bill auction later in the day, below last week’s cut-off yield of 8.6456 per cent, according to the median of a Reuters poll of 12 traders.

The highest yield polled was 8.75 per cent while the lowest was at 8.55 per cent on 91-day t-bills.


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Posted by on Wednesday, May 28, 2014 - 13:46 pm.
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Edible oil sector may see fourfold capex rise

Posted on Wednesday, May 28, 2014 - 06:39 am

With the outlook turning positive for edible oil refiners, new investment in the oilseed crushing and refining industry is likely to see a fourfold rise this financial year.


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Posted by on Wednesday, May 28, 2014 - 06:39 am.
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Sensex, Nifty up more than 2% on hopes of reforms

Posted on Saturday, May 24, 2014 - 16:29 pm

MUMBAI: The benchmark BSE Sensex and CNX Nifty moved up by more than two per cent during the week logging their all-time closing peaks on hectic buying by investors amid hopes of reforms from the incoming Narendra Modi-led government.

Markets ended in the green for the third consecutive week as both the indices gained by more than 10 per cent in three weeks on persisting buying mainly in realty, power, PSUs, metal, consumer durables, capital goods and refinery sectors.


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Posted by on Saturday, May 24, 2014 - 16:29 pm.
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India becomes best performing equity market in Asia-Pacific for 2014

Posted on Friday, May 23, 2014 - 22:29 pm

MUMBAI: India’s benchmark BSE index rose more than 1 per cent on Friday to become the best performing equity market in Asia-Pacific for 2014 in dollar terms, on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.

Gains were also helped as State Bank of India surged after reporting bad loans fell in January-March, sparking a rally in other state-run lenders.


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Posted by on Friday, May 23, 2014 - 22:29 pm.
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Coconut oil on boil, price crosses Rs 180/kg on drop in production

Posted on Friday, May 23, 2014 - 07:41 am

Coconut oil and copra prices are constantly on the rise, thanks to massive drop in coconut production in the last 10 years.


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Posted by on Friday, May 23, 2014 - 07:41 am.
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Raw cashew output may fall 30% on crop damage

Posted on Thursday, May 22, 2014 - 08:39 am

Raw cashew prices are likely to rise this year, as the domestic production is estimated to go down at least 30 per cent. The prices have gone up 12-14 per cent to touch Rs 85 a kg in several growing regions in Konkan, Maharashtra and Karnataka.


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Posted by on Thursday, May 22, 2014 - 08:39 am.
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Should you invest in gold now?

Posted on Thursday, May 22, 2014 - 07:39 am

The rally in the equity markets from August/September 2013 has seen the benchmark indices, the S&P Sensex and the CNX Nifty, move up by 35 per cent till now, with investor preference shifting to riskier assets such as equities.

In contrast, gold and silver, considered safe haven bets in uncertain times, lost 8.8 per cent and 20.4 per cent, respectively, during this period. Consumer demand (in monetary terms) for jewellery, gold bars and coins dipped 41 per cent in the first quarter of calendar year 2014 to $ 7,911 million. In physical terms, it was 26 per cent lower, at 190.3 tonnes.


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Posted by on Thursday, May 22, 2014 - 07:39 am.
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Vodafone India FY14 adjusted operating profit at Rs 3,496cr

Posted on Wednesday, May 21, 2014 - 00:49 am

Vodafone reported a 60 per cent increase in adjusted operating profit at its Indian operations in the year ended March 31 on continued customer growth, data usage and improved voice pricing.


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Posted by on Wednesday, May 21, 2014 - 00:49 am.
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Global wheat, corn yields seen suffering from El Nino: Study

Posted on Sunday, May 18, 2014 - 05:39 am

Global corn, rice and wheat yields appear to suffer from the El Nino weather event, while soybeans may benefit, according to a study led by agricultural-weather researcher Toshichika Iizumi.


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Posted by on Sunday, May 18, 2014 - 05:39 am.
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China now India’s top coir export destination

Posted on Friday, May 16, 2014 - 08:39 am

India’s coir exports  grew 32 per cent in 2013-14, in value terms. According to G Balachandran, chairman, Coir Board, India exported 537,040 tonnes of coir and coir products, valued at Rs 1,476 crore, this financial year against 429,501 tonnes valued at Rs 1,116 crore in the previous financial year.


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Posted by on Friday, May 16, 2014 - 08:39 am.
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Sensex @ record high; over 200 stocks hit 52-week high on BSE

Posted on Tuesday, May 13, 2014 - 19:29 pm

NEW DELHI: The S&P BSE Sensex closed 320 points higher to a fresh record closing high on Tuesday, supported by gains in power, capital goods, consumer durable, oil & gas and power stocks. Tracking the momentum, as much as 216 stocks rose to their fresh 52-week high on the Bombay Stock Exchange.

The benchmark index rose over 500 points in trade to scale above the much talked about level of 24,000. The euphoria on the Dalal Street gained momentum on hopes that BJP’s Narendra Modi will be the next prime minister of India.


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Posted by on Tuesday, May 13, 2014 - 19:29 pm.
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It’s time to take banking sector funds into account

Posted on Tuesday, May 13, 2014 - 04:29 am

Bank Nifty scaled a new peak on Friday. After underperforming the broad market for almost a year, banking sector funds have outperformed in the past three months after investors started betting on cyclical stocks. According to Value Research, a mutual fund tracking entity, banking sector funds as a category delivered 31.18% against 13.12 per cent given by CNX Nifty, in three months ended on May 9.

Suddenly, many stock market pundits are bullish on the sector in the medium- to longterm , as they feel the fundamentals will improve in the coming months. “Indian economy is on the path of recovery and banking is best positioned to benefit in the process. Most banks reported better than estimated numbers for the last quarter, and the numbers on non performing assets was better than analyst estimates,” says Jitendra Panda, MD & CEO, Peerless Securities.


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Posted by on Tuesday, May 13, 2014 - 04:29 am.
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China optimism helps send TSX higher, Allergan rejects hostile Valeant bid

Posted on Tuesday, May 13, 2014 - 01:23 am

By Malcolm Morrison, The Canadian Press

TORONTO – Rising miners helped give the Toronto stock market a solid gain as copper prices jumped in response to moves to open up Chinese markets.


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Posted by on Tuesday, May 13, 2014 - 01:23 am.
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NDA@240 = Sensex at 27,600; below 220 seats, index slips to 18K: Brokers

Posted on Monday, May 12, 2014 - 22:29 pm

NEW DELHI: Analysts at top brokerage firms see benchmark indices rallying 15-20 per cent in 2014 if NDA manages to get over 240/260 seats in the results for the 16th Lok Sabha elections.

Markets are up 9 per cent in the past 6 months; however, the consolidation over the past few weeks is reflective of the ‘wait and watch’ mode that markets have entered ahead of election results.


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Posted by on Monday, May 12, 2014 - 22:29 pm.
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iGate unveils new brand identity

Posted on Monday, May 12, 2014 - 17:49 pm

US-based outsourcing services firm iGate today unveiled a new identity saying that the logo has been designed to showcase a refreshed vision, mission and core values.


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Posted by on Monday, May 12, 2014 - 17:49 pm.
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FTIL gives extra 2 weeks to submit final bids for MCX stake

Posted on Saturday, May 10, 2014 - 17:49 pm

Jignesh Shah-led FTIL, which is divesting its stake in MCX , today said the board has given an additional two weeks to shortlisted investors to submit their final bids.


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Posted by on Saturday, May 10, 2014 - 17:49 pm.
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Narendra Modi factor or technicals? Why Sensex stepped on gas, took all by surprise

Posted on Friday, May 9, 2014 - 22:29 pm

MUMBAI: Its not always that the Sensex vaults over 600 points intraday. After lying low in the month of April and the first week of this month, the benchmark catapulted to life-time high as foreign institutional investors returned with a renewed interest in the Indian market.

The S&P BSE Sensex ended at all-time closing high of 22,994.23, up 650.19 points or 2.91 per cent. The index hit all-time high of 23,048.49 and a low of 22,317.18 in trade today.


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Posted by on Friday, May 9, 2014 - 22:29 pm.
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Will ‘below normal’ monsoon concerns hurt market post elections?

Posted on Friday, May 9, 2014 - 16:29 pm

MUMBAI: The mega event for the Indian markets will unfold next week as the election results are announced. As of now, investors are bullish on the market on hopes of NDA winning over 250 seats.

Once the election event is out of the way, the focus will return on macros and the immediate concerns for the market will be monsoon.


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Posted by on Friday, May 9, 2014 - 16:29 pm.
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