Stock Market

Gold prices decline on low demand from jewellers

Globally, gold slipped to $1,238.12 an ounce in New York. Photo: iStock New Delhi: Gold prices declined by Rs 30 to Rs 32,190 per 10 gram on Saturday due to weak demand from local jewellers. Similarly, silver rates dropped by Rs 200 to Rs 38,400 per kg on sluggish demand from industrial units and coin …

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Dalal Street week ahead: Overhead tech resistances may halt Nifty rally

In our previous weekly note, we had projected a rough ride for the market. State election results and the sudden resignation by the RBI governor were two events that the market dealt with in the previous week. Volatility ruled the roost, and Nifty saw over 500-point swings before ending the week with modest gains. Though …

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Oil loses ground as US shale growth undermines cuts Opec, Russia

By Catherine NgaiOil settled below $52 a barrel in New York, more than a $1 lower than where it ended a week ago after Opec and its allies announced output cuts, as traders weighed incremental US shale growth against softer demand for 2019. Saudi Arabia’s plan to slash exports to the US next month is …

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Week that was in 10 Stocks: Fortis taken ill; YES & Bandhan look up

The domestic equity market ended the week in the green on better-than-expected macroeconomic data. The BSE Sensex advanced 289 points, or 0.81 per cent, for the week to end at 35,962 on December 14, and Nifty gained 111 points, or 1.05 per cent, to 10,805. The market kicked off the week on a pessimistic note …

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Net interest margins of MFIs to face pressure: KPMG

KOLKATA: Net interest margins (NIMs) of micro-finance institutions (MFIs) would be under considerable pressure as competition rises in the sector, a study by KPMG has said. “As the competitive intensity for MFIs increase, the pressure on NIM will increase considerably. So, the need for the MFIs to focus on non-interest income/credit plus products becomes very …

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As offshore markets hold sway over USD-INR, rupee seeks to break free

By Bharat Rathod& Partha Bhattacharyya If the history of the rupee were to be written, the story of its evolution would sound like one of a long era of steady controlled growth and liberalisation since the 1990s in line with the rest of the economy. It’s almost hard to believe that even in the early …

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Path laid for tyre makers to have a smooth ride; try & tap this growth

By DK Aggarwal The performance of the tyre industry is directly linked to the performance of the automobile industry and demand swings in any of the auto segments (commercial vehicles, cars, two-wheelers) have direct impact on it. With the expected growth in the automobile sector, there is an assumption that tyre companies would continue to …

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Recession signs hard to miss if stock message is taken seriously

Threats to the economy are clearly multiplying, from US-China trade tensions to the Federal Reserve’s monetary tightening to Brexit New York: Prices bounce around, emotion obscures logic, signals appear and vanish. The reasons for treating equities as a poor barometer for the economy are many. Right now, that might be for the best. Pools of …

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Has Mr Market risen above politics or is it still hoping for a vote for Modi?

The stock market surprised everyone during the week gone by, as there was no panic selling after the Congress’ win in major states, which proved that realities of economic dynamics is always the guiding factor and politics is only sentiment, which has negligible shelf life. Post the rollercoaster ride, Indian bourses strengthened midway through the …

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When you should avoid NCDs

The interest rate of NCDs that hit the market this year was better than that of bank FDs. Photo: Mint Non-convertible debentures (NCDs) are fixed income instruments where you are promised a certain interest for a tenure. Companies issue NCDs when they want to raise money for various needs such as expansion. The NCD is …

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