Buoyant equity market is helping the rupee strength and expects USD-INR to trade in a range of 64.75-65.05 for the day, says Mohan Shenoi of Kotak Mahindra Bank.   The Indian rupee opened higher by 10 paise at 64.79 per dollar on Thursday versus previous close 64.89. The US dollar pared losses after surprisingly strong
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PSU bank recap, Infosys and Asian Paints, among others, are being tracked by investors on Wednesday.   Zee Ent   Brokerage: CLSA | Rating: Buy | Target: Rs 660   CLSA said that the company’s results showed a positive surprise in ad revenues despite GST disruption. It expects this revenue to accelerate in the second
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The Nifty scaled 10,300 as the market undertone remained bullish with the support of consistent FII buying and short covering. Derivative data indicates bullish scenario will continue in Nifty with multiple strong supports at lower levels. Various supports on the downside lie at 10,150, 10,100 & 10,050 spot levels. Here is a list of top
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Spot gold was up 0.1 percent to $1,286.10 an ounce at 0053 GMT. It hit a one-week low of $1,281.31 in the previous session.     Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the
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Gold slipped on Monday on a firmer dollar and stronger Asian equities, but stayed above the key psychological level of $1,300. The metal gained about 0.9 percent on Friday after U.S. President Donald Trump warned he might ultimately end a 2015 nuclear agreement with Iran and after data showed underlying inflation remained muted in the
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The Indian rupee opened flat at 65.35 per dollar on Tuesday versus previous close 65.35.   Ashutosh Khajuria of Federal Bank said, “Don’t expect rupee to depreciate further and will trade in a range 65-65.50 today.”   He further added, “Bond markets are in a bearish mood ahead of state development loans auctions worth Rs
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F&O Outlook: Nifty PCR-OI has increased to 1.10 from 0.94. The rise in the ratio may be due to increase in PE of 9900 and decrease in CE of 10000. PE of 9900 and CE of 10000 are the highest number of contracts traded. Opening for the Day: Trading of SGX Nifty futures on the
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In India the stock market investors and traders in the various definitions , even though a lot of people remain confused and utilization of these terms . Stockholders in the session once known as the traders or day traders and people who place their money in the stock market a very extensive period of time
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Export of American crude oil to India will create jobs, economic stability and national security in both countries, US Energy Secretary Rick Perry has said, days after the first ever shipment of US crude oil landed in Odisha.   The shipment, loaded at Saint James, Louisiana and Freeport, Texas terminals last month, docked at Paradip
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The Indian rupee opened lower at 65.09 per dollar on Thursday versus previous close 65.01.   Mohan Shenoi of Kotak Mahindra Bank said, “Rupee has gained from exporter participation and revival of carry trades post RBI announcing status quo on interest rates. USD-INR trading range for the day is seen between 64.90-65.20.”   On a
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