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Shares in State Bank of India , India's biggest lender, rose 1.8% after the bank slashed its deposit rates between 50-100 basis points across maturities, effective Friday. Morgan Stanley, however, says SBI's move is more of a manifestation of a slowing economy with RBI data also showing loan growth ...

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The BSE Sensex rallied 325 points to 17,670.91 on support from global markets. Currencies too strengthened against the American dollar; the Indian rupee appreciated 26 paise to 55.40 to the US dollar and Euro moved up 0.3% to 1.267 to the US dollar. European markets extended rally for the second con...

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Leaders of industry have expressed their concerns on CNBC-TV18 on the target growth rate being continuously revised in the back-drop of the first-half of the fiscal coming to a close in the next few months. Adi Godrej, president, CII and chairman, Godrej Group is doing his bit to push the government...

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Today could be a big Friday for the market, local and global. The GDP number for Q1FY13 will be announced in the next three hours. The numbers is not expected to be good , but it is an important number to focus on for sure, said CNBC-TV18 managing editor Udayan Mukherjee. Later, in the evening we wi...

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NEW DELHI: The Gross Domestic Product (GDP) for the first quarter of the current financial year likely grew at 5.2 per cent as against 5.3 per cent in the January-March quarter, suggests an ET Now poll. This is a sharp decline from the robust 8 per cent growth in the same quarter of the last financi...

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Bharti Airtel fell as much as 3.44% to its lowest intraday level since October 2008, after Credit Suisse downgraded the stock, citing the prospect Reliance Infotel would enter the wireless voice market. The unit of Reliance Industries was expected to only enter the Indian wireless data market, but C...

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Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the U...

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The US Food and Drugs Administration is removing 27 Abbreviated New Drug Application (ANDA) approvals held by generic drugs maker Ranbaxy Laboratories . "The FDA is withdrawing approval of 27 ANDAs held by Ranbaxy...The drugs are no longer marketed...Ranbaxy requested withdrawl of approval under a c...

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Indian tour operator Cox & Kings Ltd said on Wednesday Citigroup's venture capital arm will invest USD 137.75 million in its UK unit, sending its shares up 8.2%. The funds will be used to retire the debt Prometheon Holdings, Cox & King's UK unit, raised when it bought British specialist travel compa...

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ources indicate that Tata Sons is looking to hike stake in group companies, reports CNBC-TV18's Kritika Saxena. The reason simply could be the fact that valuations are low and equities are genuinely coming at a lower price at this point in time. Sources say that by end of calendar year 2013, Tata So...

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NEW YORK (Reuters) – Global stocks rose to 3-1/2 month highs o n T uesday and the euro jumped to a seven-week peak against the U.S. dollar on hopes the European Central Bank will soon start buying Spanish and Italian bonds to contain the debt crisis. Spanish borrowing costs fell and Portuguese gover...

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Nifty options suggest mkt range of 5300-5500 Total Puts add 59.2 lakh shares in Open Interest Total Calls add 0.4 lakh shares in Open Interest Highest OI buildup seen in 5300 Put & 5500 Call 5300 Put adds 15 lakh shares in Open Interest 5500 Call adds 4.9 lakh shares in Open Interest 5400 Put adds 2...

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Competition Commission of India (CCI) on Pantaloondeal -Rejects notice seeking nod for Aditya Birla-Pantaloon deal -Rejects nod as board of both companies were yet to give consent -Finds Pantaloon, Aditya Birla merger notice invalid -Companies to apply for CCI approval after board nod NSE F&O exclus...

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Indian shares opened lower on Wednesday following a downward journey in global markets due to profit booking. Among Asian markets, Shanghai and Nikkei dropped 0.5% each while Hang Seng moved down nearly 1%. The market seemed to have priced in the hopes of likely action by European Central Bank’s to ...

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EPIC MCX: BUY SILVER SEP ABOVE 54590 TGTS 54690/54840/55040 SL 54459 (9993959693)

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Ignoring the downside of a trade. Most traders, when entering a trade, look only at the money they think they will make by taking the trade. They rarely consider that the trade may go against them and that they could lose. The reality is that whenever someone buys a futures contract, someone else is...

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NEW DELHI: Overseas investment into Indian stock markets has crossed $11 billion so far this year, with more than $1 billion being pumped in this month alone. Foreign Institutional Investors (FIIs) have infused a net amount of $1.02 billion (about Rs 5,692 crore) in August so far, taking the total f...

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TOKYO: The yen languished at five-week lows versus the dollar on Monday after a surge in U.S. bond yields last week, while the euro was sluggish versus the dollar in subdued trade where the ebb and flow of euro zone optimism was seen continuing to drive markets. The dollar rose as high as 79.66 yen ...

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SINGAPORE: Brent crude futures inched up on Monday to more than $114 a barrel after the United States ran into opposition to its plan for a release of strategic petroleum reserves, while hopes for a revival in North Sea crude output also limited gains. Oil prices slipped last week after a source sai...

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NEW YORK: Oil rose for a fourth day last weekend asUS consumer confidence improved, signalling the economy is recovering, and tensions rose in the Middle East. Futures capped a third weekly gain as the Thomson Reuters/University of Michigan consumer sentiment index beat expectations and the Conferen...

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GOLDPETAL prices on MCX were up marginally. At 15:50 hrs MCX GOLDPETAL August contract was trading at Rs 2977.00 up Rs 6.00, or 0.20%. The GOLDPETAL rate touched an intraday high of Rs 2980.00 and an intraday low of Rs 2973.00. So far 22249 contracts have been traded. GOLDPETAL prices have moved up ...

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Martin Lueck, economist, UBS, says that Draghi's comment has inspired some confidence in the markets. However, he says that from the fundamental economic prospective things are weak. The markets are currently moving on sentiments. Below is the edited transcript of his interview to CNBC-TV18. Q: Lot ...

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N Chandrasekaran, CEO and MD of Tata Consultancy Services ( TCS ) says inorganic growth is a priority for the company at this point. He says the company is looking at inorganic growth to beef up its European presence. India's top software services exporter reported a 38% rise in its fiscal first-qua...

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SILVERMIC prices on MCX were trading lower. At 15:53 hrs MCX SILVERMIC August contract was trading at Rs 53280.00 down Rs 109.00, or 0.20%. The SILVERMIC rate touched an intraday high of Rs 53370.00 and an intraday low of Rs 53230.00. So far 25319 contracts have been traded. SILVERMIC prices have mo...

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Bharti Airtel may take more time to achieve a target of USD 5 billion in revenue and USD 2 billion in EBITDA from its African operations than its earlier goal to achieve them by the year ended March 2013, Manoj Kohli, chief executive for the company's international operations, said on Wednesday. The...

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Indian gold traded flat on Tuesday, consolidating in recent ranges following global trends, while a firmer rupee kept the upside in prices limited and traders sought price direction before booking deals ahead of festivals. * The most-traded gold for October delivery on the Multi Commodity Exchange (...

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Rating agency CRISIL has slashed its forecast for the country's GDP growth this fiscal to 5.5% from 6.5% earlier, citing deficient monsoon and the worsening of the crisis in Eurozone as the major factors. Also, it expects lower foreign capital flows this financial year, and so has lowered its target...

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The price of oil rose slightly today following its biggest gain in more than a month. Oil gained almost 5% on Friday after the US government reported a surge in jobs growth last month, increasing optimism that the economy is on the right track. Benchmark US crude rose 64 cents to USD 92.04 per barre...

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SILVERMIC prices on MCX were trading higher. At 16:06 hrs MCX SILVERMIC August contract was trading at Rs 53452.00 up Rs 83.00, or 0.16%. The SILVERMIC rate touched an intraday high of Rs 53510.00 and an intraday low of Rs 53290.00. So far 27224 contracts have been traded. SILVERMIC prices have move...

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Indian equity benchmarks rallied 1% for the second consecutive session on Tuesday as traders continued to add long positions ahead of monsoon parliament session. The market's rally was also on account of stability in global peers. The 30-share BSE Sensex rose 188.82 points or 1.08% to close at 17,60...

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Asian shares steadied on Tuesday as investors maintained hope that Europe will take further action to tackle its debt crisis and the United States and China will adopt stimulus measures to boost growth. Investors are awaiting the outcome of Australia's central bank policy meeting on Thursday, but do...

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Indian gold hit the Rs 30,000 mark on Monday, following firm global markets, while a stronger rupee kept the upside limited, with traders unwilling to book deals near the keenly-watched level. * At 0939 GMT, the most-traded gold for October delivery on the Multi Commodity Exchange (MCX) was 0.21% hi...

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MUMBAI (Reuters) - The BSE Sensex rose over 1 percent to its highest close since July 11 as improved U.S jobs data sparked a global risk rally, while private lenders such as HDFC Bank surged on hopes for government measures to help the mutual fund sector. Reliance Industries surged 5.9 percent after...

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After Mario Draghi raised hope of effectively tackling Europe's debt woes, markets in the region showed some strength. As the ECB hinted at buying bonds to bring down the borrowing costs of Spain and Italy, Sarah Hewin, Senior Economist at Standard Chartered told CNBC-TV18, there are a lot of grey a...

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Newly appointed Finance Minister P Chidambaram has chalked a definite plan to beat inflation, boost economy and attract foreign investment to the Indian shores. Addressing media for the first time after taking over the finance ministry, Chidambaram said that the government is expecting to raise inve...

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The BSE Sensex advanced more than 1%, even after it erased somewhat gains due to profit booking. The broader markets too pared some gains as the gap between advance and decline ratio trimmed to 2:1 from 5:1 in early trade. The BSE benchmark climbed 190.33 points to 17,388.26 and the NSE benchmark ra...

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The Reserve Bank of India has relaxed guidelines for all non-banking financial company-micro finance institutions (NBFC-MFIs). The RBI has allowed MFIs to charge more than 26% as interest rate on loans given to borrowers. The central bank has also given MFIs five years to make full provisioning agai...

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State-owned steel producer Steel Authority of India 's (SAIL) net profit fell by 17.9% year-on-year to Rs 696.4 crore for the June quarter due to forex exchange losses and lower other income. The company has reported a forex loss of Rs 257 crore during the quarter as against Rs 11.6 crore in a year ...

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Today spot gold prices slipped in major metros in India. In Mumbai market, Standard gold (995 purity) was down Rs 270 at Rs 29875 and pure gold (999 purity) was down Rs 525 at Rs 29745. In Delhi market standard gold (995 purity) was down Rs 100 at Rs 30000 and pure gold (999 purity) was down Rs 100 ...

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GOLDM prices on MCX were trading lower today. At 16:01 hrs MCX GOLDM August contract was trading at Rs 29647.00 down Rs 46.00, or 0.15%. The GOLDM rate touched an intraday high of Rs 29718.00 and an intraday low of Rs 29645.00. So far 2442 contracts have been traded. GOLDM prices have moved up Rs 13...

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SILVERMIC prices on MCX were trading flat. At 16:02 hrs MCX SILVERMIC August contract was trading at Rs 52960.00 up Rs 26.00, or 0.05%. The SILVERMIC rate touched an intraday high of Rs 53067.00 and an intraday low of Rs 52886.00. So far 24445 contracts have been traded. SILVERMIC prices have moved ...

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After five straight quarterly losses, Jet Airways has reported a net profit of Rs 24.70 crore for the April-June period on improved yields and cost cutting measures. The country's largest private airline said if not for a forex loss of Rs 69 crore, it would have posted better results. Sales of the c...

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Indian gold traders stayed on the sidelines as they prepared to face weak rural demand after the weather office forecast a drought which could dent farm incomes and savings. Physical demand has been subdued so far this year and is expected to remain dull after doubling of import duty to 4 percent. D...

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considering overall results and chances of getting FDI in aviation sector sooner or later, Jet Airways looks a good buy. He has a positive stand on Jet Airways. On Marico , he is not comfortable with the valuation of the stock. Their skin care business is facing rough weather. He also says that Mari...

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Asian markets traded with a negative bias today mainly on the back of weak manufacturing data from China, which expanded at the slowest pace in eight months. China’s manufacturing Purchasing Managers' Index (PMI) slipped to 50.1-mark in July from the prior level of 50.2 in June, while the country’s ...

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Today spot silver rates were trading lower in major cities in India. In the Jaipur market, Pure silver (999 purity) was down Rs 400 at Rs 53800 and in Ahmedabad market it was down Rs 380 at Rs 53655. Spot Silver Rates for 1 KG in major metros in India: City Silver 999 Change (Rs) Mumbai (Aug 01) 546...

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Indian gold futures eased from their highest level in a month, weighed by a stronger rupee, but price falls were not enough for traders seeking to stock up for the upcoming festival season. The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.27 percent lower at 30,1...

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GOLDGUINEA prices on MCX were trading lower. At 16:03 hrs MCX GOLDGUINEA August contract was trading at Rs 23975.00 down Rs 62.00, or 0.26%. The GOLDGUINEA rate touched an intraday high of Rs 24045.00 and an intraday low of Rs 23950.00. So far 8990 contracts have been traded. GOLDGUINEA prices have ...

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SILVERM prices on MCX were trading lower today. At 16:07 hrs MCX SILVERM August contract was trading at Rs 53747.00 down Rs 250.00, or 0.46%. The SILVERM rate touched an intraday high of Rs 53957.00 and an intraday low of Rs 53665.00. So far 30369 contracts have been traded. SILVERM prices have move...

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The historic ruling of the US Supreme Court last week which upheld President Barack Obama's Patient Protection and Affordable Care Act to make minimum healthcare insurance a must for the US citizens could also be a big opportunity for the Indian generic drug industry, reports CNBC-TV18's Archana Shu...

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