U.S. oil prices extended declines on Thursday after government data showed a surprise climb in U.S. crude inventories.   NYMEX crude for December delivery was down 2 cents at $52.16 a barrel by 0107 GMT, after ending the last session down 29 cents, or 0.6 percent.   London Brent crude for December delivery was down
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Indian ADRs ended mostly lower on Wednesday. Dr Reddy’s Laboratories was down 0.67 percent and HDFC Bank tumbled 5.58 percent. Indian ADRs ended mostly lower on Wednesday. In the IT space, Wipro shed 0.94 percent at USD 5.26 and Infosys gained 3.37 percent at USD 15.01. In the banking space, HDFC Bank tumbled 5.58 percent
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Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 98 points at the opening bell, says Maximus Securities.   F&O Outlook: Nifty PCR-OI has increased to 1.67 from 1.48. The rise in the ratio may be due to increase in PE of 10200 and decrease in CE of
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Equity benchmarks hit historic highs in opening trade on Wednesday, driven by banks after the government announced Rs 2.11 lakh crore recapitalisation for PSU banks on asset quality worries.   Software firm HCL Technologies said the second quarter (July-September) consolidated profit grew 0.8 percent sequentially to Rs 2,188 crore and has raised its full year
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The rupee has opened at 65.07 a dollar, falling 5 paise compared with previous close of 65.02 a dollar.   The Indian rupee started off the week on a negative note on Monday, after a long weekend. It has opened at 65.07 a dollar, falling 5 paise compared with previous close of 65.02 a dollar.
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Gold hit its lowest in over two weeks early on Monday, as the dollar climbed to a more than three-month high versus the yen after Japan’s ruling bloc scored a big win in Sunday’s election, leaving the door open to ultra-loose monetary policy for longer.   Spot gold was down 0.4 percent at $1,275.70 an
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The Indian rupee gained 9 paise against the US dollar in early trade on Wednesday.   It has opened at 64.93 against the previous day’s closing value of 65.02 per dollar.   The rupee had fallen 28 paise on Tuesday. Pramit Brahmbhatt of Veracity said 64.80 coincides with resistance for the rupee. “Trading range for
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Capex: Sajjan Jindal-controlled, JSW Cement said it is investing around Rs 1,800 crore towards expansion of cement capacity to 20 million tonnes (MT) and looking at initial public offer (IPO) in 2019-20.   Tata Steel ruled out on Monday a flotation in the next two to three years of the planned merger of its European
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F&O Outlook Nifty PCR-OI has increased to 1.60 from 1.37. The rise in the ratio may be due to increase in PE of 10100 and decrease in CE of 10100. PE of 10100 and CE of 10200 are the highest number of contracts traded.   Opening for the Day: Trading of SGX Nifty futures on
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If the economy is reasonable, inflation is under control and we don’t have any macrofinancial issues, one should be optimistic that there would be rate cuts to give a further spur to growth of the economy, he said.   I don’t see goods and services tax (GST) as a problem. It is a complex process
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