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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The Indian rupee opened higher by 14 paise at 65. 36 per dollar on Wednesday versus previous close 65.50.   Pramit Brahmbhatt of Veracity said, “After consolidation, the rupee will trade with a neutral to negative bias. I expect the USD-INR pair to trade in a range of 65.20-65.80.”   Dollar eased in trade as
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Oil fell edged lower on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that a global glut in crude may not be clearing as quickly as bulls had hoped.   U.S. crude was down 15 cents, or 0.3 percent, at $50.43 a barrel by 0041 GMT, after closing
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Gold edged down to mark a near 7-week low early on Tuesday, as the dollar remained buoyed by upbeat economic data and strong U.S. treasury yields.   FUNDAMENTALS   * Spot gold was down 0.1 percent at $1,269.50 an ounce by 0101 GMT, after earlier touching its lowest since mid- August at $1,268.60.   * U.S.
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Tata Motors, Eicher Motors, Hero Motocorp, Dr Reddy’s Labs, Bank of Baroda and BPCL rallied 1-6 percent.   Equity benchmarks opened sharply higher, tracking positive global cues and strong auto sales data.   The 30-share BSE Sensex was up 301.40 points or 0.96 percent at 31,585.12 and the 50-share NSE Nifty gained 84 points or
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U.S. crude was up 2 cent at $51.58 a barrel at 0110 GMT. The contract is heading for a fourth consecutively weekly gain and is on track for a 9-percent advance this month.   Oil prices rose on Friday, with both Brent and U.S. crude set to chalk up another weekly gain as investors bet
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Equity benchmarks opened marginally lower on the day of expiry of September derivative contracts. The 30-share BSE Sensex was down 36.73 points at 31,123.08 and the 50-share NSE Nifty fell 12.25 points to 9,723.50. ONGC, Aurobindo Pharma, Bharti Infratel and Dr Reddy’s Labs were early losers while Tech Mahindra, Wipro, TCS, HCL Technologies and Axis
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