Indian ADRs ended mixed on Thursday. HDFC Bank rose 0.85 percent and Dr Reddy’s Laboratories was down 0.08 percent.   Indian ADRs ended mixed on Thursday. In the IT space, Infosys was unchanged at USD 15.01 and Wipro fell 1.71 percent at USD 5.17.   In the banking space, ICICI Bank declined 3.18 percent at
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HUL, HCL Tech and Tata Communications, among others, are being tracked by investors on Thursday.   HUL   Brokerage: Morgan Stanley | Rating: Underweight | Target: Raised to Rs 1,000   The global broking firm said that a combination of rolling price growth & cost efficiency drove margin expansion. It sees a gradual volume recovery
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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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Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at $57.90 at 0131 GMT, up 15 cents, or 0.26 percent, from their last close. U.S. West
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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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As a part of these ‘Super Celebrations’, we are happy to announce the Vodafone Green Diwali Campaign which aims to give our customers a great experience this Diwali. Telecom operator Vodafone is gifting ‘eco-friendly’ crackers containing soya or tulsi plant seeds to customers visiting its stores in Delhi. “As a part of these ‘Super Celebrations’,
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F&O Outlook: Nifty PCR-OI has increased to 1.69 from 1.60. The rise in the ratio may be due to increase in PE of 10200 and decrease in CE of 10000. PE of 10200 and CE of 10300 are the highest number of contracts traded. Opening for the Day: Trading of SGX Nifty futures on 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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