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BSE Sensex gains; Coal India, jewellery makers lead
Reuters Market Eye - The BSE Sensex and Nifty traded higher on Thursday, rebounding from falls on Wednesday. The Sensex was up 0.64 percent while the Nifty gained 0.59 percent as of 11:30 a.m.
Posted on : 2014-05-22 06:05:34
Maruti surges; CLSA says stock can double
Reuters Market Eye - Maruti Suzuki India surges 5.1 percent to 2,279.60 rupees after CLSA says the stock price could double in three years in a bull scenario in which personal vehicle industry volume grows at a compounded annual growth rate of 20 percent due to pent-up demand should the economic growth pick up.
Posted on : 2014-05-22 05:42:08
As tech millionaires multiply, wealth advisers struggle to connect
NEW YORK (Reuters) - When the nine-person startup he co-founded was bought by Facebook for a reported $15 million in January, Cemre Gungor, 27, was inundated with phone calls and emails from wealth advisers. Yet he spurned them all, opting instead to open an account with Betterment, an online financial adviser launched in 2010 that automatically invests in a portfolio of exchange traded funds based mainly on a client's age.
Posted on : 2014-05-22 05:29:16
Barclays upgrades Dr. Reddy's to 'overweight'
Reuters Market Eye - Barclays upgrades Dr. Reddy's Laboratories Ltd to "overweight" from "equalweight" while maintaining its target at 2,801 rupees, saying recent share falls are overdone.
Posted on : 2014-05-22 04:49:42
RBI likely buying dollars to temper rupee's gains - traders
MUMBAI (Reuters) - The Reserve Bank of India (RBI) was spotted buying dollars via state-run banks starting around 58.55, which was the rupee's strongest intraday level, three traders said.
Posted on : 2014-05-22 04:46:59
Rupee rises tracking gains in shares
Reuters Market Eye - The rupee rises to 58.60/61 versus its close of 58.7750/7850 on Wednesday, tracking gains in shares after minutes from the Fed's latest policy meeting suggested a slow withdrawal of U.S. stimulus.
Posted on : 2014-05-22 04:15:29
Jewellery firms surge after RBI eases gold import norms
MUMBAI (Reuters) - Shares in Titan Co Ltd surged on Thursday after the Reserve Bank of India (RBI) eased gold import rules by allowing seven more private agencies to ship the precious metal. The stock was trading up 10.2 percent as of 9:25 a.m.
Posted on : 2014-05-22 03:59:18
Asia shares rise on firm China PMI, Fed reassurance
TOKYO (Reuters) - Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second-biggest economy, supporting risk appetite already burnished by a strong session on Wall Street.
Posted on : 2014-05-22 02:40:37
Goldman Sachs to sell designated market-maker unit to IMC - WSJ
(Reuters) - IMC Financial Markets has agreed to acquire Goldman Sachs Group Inc 's rights to operate as a designated market maker in more than 600 NYSE-listed stocks, the Wall Street Journal reported on Wednesday.
Posted on : 2014-05-22 02:13:23
Nikkei jumps on improved China PMI, Fed minutes
TOKYO (Reuters) - Japan's Nikkei share average rose sharply on Thursday morning as a survey showing an encouraging improvement in Chinese manufacturing added to an already upbeat mood after the U.S. Federal Reserve reaffirmed its commitment to support the economy.
Posted on : 2014-05-22 02:11:10
China HSBC flash PMI at five-month high of 49.7, orders rebound but jobs weak
BEIJING (Reuters) - China's factory sector turned in its best performance in five months in May, a preliminary HSBC survey showed on Thursday, though overall manufacturing growth still contracted slightly in a suggestion that the outlook remains murky.
Posted on : 2014-05-22 01:54:47
Asian shares rise on Fed reassurance
TOKYO (Reuters) - A strong session on Wall Street led Asian shares up on Thursday, after minutes of the U.S. Federal Reserve's last meeting reassured investors that policy makers will continue to support the world's biggest economy, depressing the safe-haven yen.
Posted on : 2014-05-22 00:43:44
As Amazon looms, Flipkart and Snapdeal strike $400 million in deals
MUMBAI (Reuters) - With Amazon.com Inc ramping up its presence in India, two local online retailers are preparing for tougher competition with separate deals worth a combined $400 million set to be finalised this week.
Posted on : 2014-05-21 23:39:28
Fed begins policy exit talks, split on view of U.S. job market
WASHINGTON (Reuters) - Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial system.
Posted on : 2014-05-21 21:20:11
GM adds 284,000 older cars as number of U.S. recalls this year hits 29
DETROIT/WASHINGTON (Reuters) - General Motors Co is recalling more than 284,000 older Chevrolet small cars in the United States and other markets because of a potential fire hazard, bringing U.S. recalls at the automaker this year to 29 and a record number of vehicles.
Posted on : 2014-05-21 21:09:15
Wall St ends higher after Fed minutes; Dow's best day in a month
NEW YORK (Reuters) - U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use.
Posted on : 2014-05-21 20:40:48
RBI allows private agencies to import gold
MUMBAI (Reuters) - The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season.
Posted on : 2014-05-21 19:35:06
Wall St holds gains after Fed minutes
NEW YORK (Reuters) - U.S. stocks rose on Wednesday, erasing the previous day's broad selloff, after minutes from the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use.
Posted on : 2014-05-21 19:29:29
Wall St rebounds after selloff; Fed minutes awaited
NEW YORK (Reuters) - U.S. stocks rebounded on Wednesday, reversing a broad selloff in the prior session, ahead of the release of minutes from the most recent meeting of the U.S. Federal Reserve.
Posted on : 2014-05-21 16:40:50
RBI modifies some gold import rules
MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Wednesday eased some restrictions on gold imports that were imposed last year to counter a steep rise in the country's current account deficit.
Posted on : 2014-05-21 15:18:51
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