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Market maintained its rally for the second consecutive day, supported by lower than expected inflation figures and weakening crude oil prices. The tremendous rally was led by banking, realty, power, oil, FMCG stocks. BSE Midcap and Smallcap index rose 1.63% and 1.08% respectively. ICICI Bank, HDFC, HDFC Bank, Jaiprakash Associates, Bharti Airtel, were the major [...]

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Technical analyst, Vishwas Agarwal said, As a result of further drop in crude prices global market is somewhat relieved. Whereas in India, market is in over sold zone due to that some sectors jumped but still confidence motion on nuke deal is pending. So market will remain volatile.“Due to announcement of corporate quarterly results, confidence [...]

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Following stocks are likely to be in the limelight today, July 16. Larsen & Toubro (L&T) plans to form a Rs 20 billion forging venture with Nuclear Power Corporation of India (NPCIL), reports Business Standard. NPCIL is in negotiations with L&T for the last few months for setting up a new venture. Shares of the [...]

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Alex Mathew, head – research centre, Geojit Financial Services said, “We had seen a choppy session with Nifty ending in red at 4,039.7, losing 0.23%. The culprits for the fall today were IT counters of which Infosys, Satyam, TCS and Wipro faced heavy bull liquidation due to fear of slow down in these sectors. The [...]

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Indian equities closed in negative amid volatility. Heavy selling activity was witnessed in Pharma, technology, FMCG, while Auto, Oil & Gas and Metal stocks gained. Midcap and Smallcap index declined 0.64% and 1.10% respectively. The BSE Sensex opened on a negative note, following weak global cues, at 13,360.34, down 109 points from the Friday`s close. [...]

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Inflation raced to a fresh high of 11.89 per cent for the week ended June 28, 2008, on the back of surging food and commodity prices. Food products rose 0.3 per cent and primary articles were up 0.9 per cent. Likewise, vegetables were up 3.7% and chemicals and products rose 1.2 per cent. However, iron [...]

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The equity market is in the doldrums and a recovery looks some way off. But most institutional investors appear to favour this risky asset class over relatively safer fixed income debt instruments. At least, that seems to be the case among holders of foreign currency convertible bonds (FCCBs), who have decided to exercise the option [...]

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Infosys Technologies Ltd on Friday said it has posted a net profit of Rs 1,262 crore for the quarter ended June 30, 2008, on standalone basis, up 22.76 per cent compared to Rs 1,028 crore for the quarter ended June 30, 2007. Total income increased 22.09 per cent to Rs 4,647 crore in the April-June [...]

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The current bout of political uncertainty in India would not have come at a worse time, with experts hoping the stalemate would be over soon and help check inflation. Experts feel the government is not able to concentrate on the economic situation arising out of zooming inflation that hit a 13-year high of 11.63 percent [...]

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