Investing News - Page 19

Gold loses Rs 600, silver down by Rs 500 on panic sell-off

Trading sentiments dampened after gold fell by over $225 in Asia in the last two trading sessions, its worst two-day slump since 1983, on speculation that the European governments will struggle to contain the region's debt crisis.

PalPremium to launch web portal for financial products

If a consumer wants to buy a financial product, all he has to do is to enter his requirements and various products within the range and parameters will be displayed based on which he can take a decision.

Sensex falls below 16,000; banks and metals lead decline

Financial stocks came under pressure on concerns that rising interest rates and slowing credit demand will impact growth outlook for the sector.

Euro zone fears grip brent crude, pull it down to $104

Reports that European leaders were seeking new ways to solve the crisis boosted commodity markets in early trade, but the rally fizzled out as investors sought more evidence of concrete action, analysts said.<br /><br /> <br /><br />

Gold futures tumble 3.82 pc; Silver headed for biggest daily drop in 3 years

Silver tanked by Rs 3,224, or 6 percent, to Rs 50,502 per kg in futures trade today as speculators engaged in reducing their positions after prices of the precious metal tumbled by over 8 percent in the Asian region.

World stocks, euro slide on caution over Europe crisis

Asian shares and the euro fell on Monday as investors reacted cautiously to reports that European leaders were working on new ways to stop the fallout from the euro zone sovereign debt crisis.

Gold, silver prices tumble amidst panic sell-off

Silver prices tumbled and gold dropped to one-month lows on Friday, amid a sell-off in commodities as fear heightened that the global economy could plunge back into a recession.

Asian stocks slide as G20 fails to impress investors

Asian stocks slid to a 16-month low and emerging market currencies fell on Friday amid fears that the developed world is stumbling back into recession, while a pledge from the G20 to preserve financial stability left investors largely unimpressed.

IT stocks rise as rupee remains weak against dollar

IT stocks staged a comeback after yesterday's sharp losses and rose by almost 2 percent on the Bombay Stock Exchange in early trade today.

Gold down at Rs 28,340 on weak global cues

Gold prices fell by Rs 160 to Rs 28,340 per 10 grams in the national capital today on selling following weak global cues.

Astral Poly Technik hits all-time high on BSE

The stock surged 19 percent after billionaire Warren Buffet-led Lubrizol Corporation said it will set up a chlorinated polyvinyl chloride manufacturing plant in Gujarat in a joint venture with the Astral Group.

Sentencing of insider trader Rajaratnam delayed

Sentencing of Raj Rajaratnam, the hedge fund magnate convicted in the biggest Wall Street insider trading case in years, has been postponed until<br /><br /> October.

Franklin Templeton PE invests Rs 45 cr in Symbiotec

Funds raised from FTPES will be applied towards backward integration by setting up fermentation facilities.

Oil prices slide in Asian trade

Oil prices fell in Asian trade today as fears over the eurozone debt crisis returned to haunt the markets after a rebound the day before.

'Protests against Kudankulam unfortunate; all norms in place'

Russia today said all safety norms have been taken into consideration in view of the Fukushima accident in Japan.

Asia stocks, euro slide after Italy downgrade

Asian stocks and the euro fell on Tuesday after ratings agency S&P downgraded Italy and amid fears of a Greek default.

Indian Rotorcraft gets FDI nod as govt clears 12 proposals

The proposals that were rejected include those of Jadoli Systems (Bangalore) and AOS Holding India SAS France.

Rupee slides over 1 percent on euro zone worries

The rupee fell more than 1 percent on Monday as mounting fears that Europe's sovereign debt troubles could trigger a full blown banking crisis curtailed risk appetite and sent shares and the euro lower.<br /><br />

UBS tries to soothe investor nerves, CEO staying put

The Zurich-based bank said on Monday it has "now covered the risk resulting from the unauthorised trading" and its equities business "is again operating normally within its previously defined risk limits".<br /><br />

Up or down? Nifty, Sensex are stuck in uncertain zone

Both the Nifty and the Sensex are stuck in a narrow zone from where they could break out in either direction. Next week we have to look for triggers.

Gold slips 1 percent on eurozone attempt to resolve debt crisis

Sentiments remained volatile as documents revealed that European finance ministers have been warned confidentially of the danger of a renewed credit crunch as a "systemic" crisis in euro zone sovereign debt spills over to banks.

Sensex extends gains, up 134 points in opening trade

The Bombay Stock Exchange benchmark Sensex rose by 134 points in opening trade today, extending yesterday's gains on continued buying by funds and retail investors.

Investors fail to bite at Microsoft Wall St pow-wow

Microsoft is expected to raise its quarterly dividend modestly next week- as it does most years - but has shown no indication that it will bow to investor demands to double its dividend or make another special payout as it did in 2004.

Japanese shares open 1.74 percent higher

Japanese shares opened higher today after Germany and France said that they were convinced that debt-ridden Greece's future lay in the eurozone.

JP Morgan cuts target for MOIL on threat from cheap imports

Key risks for MOIL are slow recovery in Chinese demand, delay in improvement in manganese ore prices and lower volume trend in a weak domestic steel environment,said the investment bank.

Rupee plunges to 2-year low, stokes banking crisis fears

The partially convertible Indian currency weakened past 48 to the dollar, stretching a losing streak to an eighth session.<br /><br /> <br /><br />

RCap up 4% on bourses on insurance biz stake sale buzz

hares of Reliance Capital surged by 4 percent on the bourses today after the company said it has received in-principle approval from insurance sector regulator IRDA for its proposed 26 percent stake sale in Reliance Life Insurance to Japan's Nippon Life.

Sensex falls in early trade ahead of inflation data

Brokers said continued selling by funds and retail investors over concerns that the Reserve Bank of India may announce another hike in interest rates later this week was mainly responsible for the poor start on the bourses this morning.

BSE closes at two-week low, Tata Motor slips

The BSE Sensex erased early gains and fell for a third day in a row on Tuesday, after European markets took fright on worries the region's debt woes could snowball into another banking crisis.