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Gold prices were largely steady on Tuesday, retreating from an over six-year peak hit in the previous session, as U.S. President Donald Trump signalled a possible reconciliation with China, calming worries about an escalation in their trade war. Spot gold was up 0.1% to $1,528.10 per ounce, as of 0347 GMT. Gold prices on Monday surged to their highest in more than six years, surpassing the $1,550 mark in early trade, before paring gains after Washington and Beijing indicated a possible thaw in their trade spat. The non-yielding bullion is often seen as a safer investment during times of political and financial uncertainty. U.S. gold futures were up 0.1% to $1,538 an ounce. "Prices are steady because of the conciliatory tone both China and Trump sounded yesterday; the market started to hope that there is some deal coming out of the trade dispute," said Helen Lau, analyst, Argonaut Securities. Lau added that hopes for monetary policy easing by ce...

Kajaria Ceramics | Reliance Nippon Life AMC | Vadilal Industries | Satin Creditcare Network and Kingfa Science are stocks which are in the news today. Here are stocks that are in the news today: Sun Pharma: Taro gets US FDA approval for Azelaic Acid Gel Infosys: Board approves closure of buyback effective August 26. Buys Back 11.05 crore equity shares at an average price of Rs 747.38 per share. Pidilite Industries: Company entered into a JV with Bengaluru based company Chetana Expotential Technologies. Kajaria Ceramics: Board members approved the scheme of amalgamation for merger of subsidiary Kajaria Tiles Private Limited (formerly known as Kajaria Floera Ceramics Private Limited) with the company. Bank of Baroda: Lender approved raising up to Rs 2,150 crore in Tier-I, II bonds. Reliance Nippon Life: Nippon Life bought 10.6 percent stake in company via open offer. Nippon Life Now holds 53.46 percent stake in company. HDIL: Company received o...

Gold surged 2% on Friday as investors interpreted U.S. Federal Reserve Chair Jerome Powell's speech as leaning toward a dovish monetary policy stance and President Donald Trump's latest comments exacerbated trade tensions with China. Spot gold rose 1.9% at $1,526.60 an ounce by 14:08 pm EDT (1801 GMT), shaking off slight headwinds ahead of the Fed Chair's speech. Prices earlier rose to $1,528.79, the highest since Aug. 13, when spot gold had scaled a six-year peak of $1,534.31. U.S. gold futures settled up 1.9% to $1,537.60. "The fact that he (Powell) said that they (the Fed) will act appropriately to sustain expansion is pretty bullish for gold. The two primary tools they have are quantitative easing (QE) or lower rates - both those tools will cause gold to go higher," said Bob Haberkorn, senior market strategist at RJO Futures. "The move this morning is just more people buying gold simply with the expectations that intere...

The 16% fall in the shares of NTPC Ltd over the past year has been disappointing. Not just because valuations are undemanding—with the shares trading close to their book value.  The company’s fixed return earning regulated equity base has been steadily growing and is projected to grow faster. Capacity additions are projected to accelerate to 5 gigawatts (GW) per year from FY20 against the average annual addition of less than 3GW in the last two years. As a consequence, NTPC’s regulated equity is estimated to expand 15% annually from FY20 over the next three fiscal years. The capacity ramp-up will boost the company’s finances. FY20 will mark the beginning of the reversal of the capital work in progress (CWIP) ratio. The ratio as a percentage of property, plant, and equipment, and CWIP is estimated to fall from 42% in FY19 to 36% in FY20 and 24% in FY21, projects NTPC. The fall in the ratio will enhance return on equity as the equity blocked in CWIP would start ge...

Gold prices were little changed on Thursday, holding above the key $1,500 an ounce level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.1% to $1,500.14 per ounce by 0426 GMT. U.S. gold futures were down 0.4% at $1,510.10 an ounce. "We are seeing a holding pattern until the remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium," OANDA analyst Jeffrey Halley said. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley added. Markets are now focused on Powell's speech at Jackson Hole on Friday, for clarity on the direction of U.S. monetary policy, especially after an inversion in the Treasury yield curve highlighted the risk that the U.S. economy may fall into recession. Minutes of the Fed's July meeting, rele...

The unabated losses at Vodafone-Idea are eroding the value of other Aditya Birla Group firms, whose combined m-cap declined by a whopping Rs 21,431 crore on August 20, days after the quarterly results of the telecom arm were announced on July 29. On August 19, the company posted lackluster subscriber numbers having lost 41 lakh customers. Soon after, it was announced that the company CEO Balesh Sharma will be replaced by Ravinder Takkar.  Vodafone-Idea shares fell 6 percent on the BSE in Tuesday's session, a day after Sharma resigned with immediate effect, less than a year into his job. On Wednesday, its shares were down 2.57 percent on the BSE.  The mobile phone company share price is at an all-time low amid piling losses and a receding subscriber and revenue base. Analysts say further erosion is likely as Jio is racing past to overtake Vodafone in subscribers numbers in the next 4-5 months after edging out Airtel.  In June, the telco had a market...

The company launched Vigabatrin powder in 500 mg per packet, a therapeutic equivalent generic version of Sabril (vigabatrin) powder, approved by the US Food and Drug Administration (USFDA). Dr. Reddy’s Laboratories' stock gained more than a percent intraday on August 20 after the company launched Vigabatrin powder (oral solution). The company launched Vigabatrin powder in 500 mg per packet, a therapeutic equivalent generic version of Sabril (vigabatrin) powder, approved by the US Food and Drug Administration (USFDA). At 11:01 hours, the stock was quoting Rs 2,539.60, up to Rs 29.10, or 1.16 percent on the BSE. Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

The company reported a standalone net profit of Rs 46.61 crore for the quarter ended June 30, 2019, as compared to Rs 42.93 crore in the same period last year, registering a year-on-year growth of 8.57 percent.  Net revenue of the company rose moderately by 15.11 percent at Rs 284.14 crore in the April-June quarter of this fiscal as against Rs 246.84 crore in the corresponding period last year. During the April-June quarter, operating expenses increased by 15.79 percent to Rs 195.98 crore from Rs 169.26 crore in the year-ago period. Other Income dipped by 34.53 percent at Rs 3.66 crore versus (Jun'18 Rs 5.59 crore). Operating Profit surged by 13.64 percent to Rs 88.16 crore as against Rs 77.58 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.27 percent in June quarter. Interest grew by 29.49 percent y-o-y to Rs 6.85 crore, while Taxation increased by 6.41 percent at Rs 24.58 crore (Jun'18 Rs 23.10 crore). ...

Our advice to traders and short-term traders is to stay away in taking bullish call for the next few weeks on HDFC. In the truncated week, the market managed well to sustain above its crucial support placed at 11,000 amid uncertain global cues and disappointments from domestic developments. Bulls helped the Nifty to pull out from the lows of 10,900-10,940 to close the week at 11,048, which is positive for the market. However, on a weekly basis, the index closed in the red. A couple of weeks prior, Nifty closed 1.97 percent higher than was the first positive close, and after that, we saw four consecutive weeks of fall that resulted in a damage of nearly 900 points. In the previous week, even though, the flows were not satisfactory, Nifty managed to sustain above 10,785, which was the lowest of the current sell-off. If the index has to surpass 11,181 which is the recent swing high, it requires some more fuel. In the previous week, the Nifty neither broke the l...

Low-cost carriers SpiceJet and IndiGo would shift their operations to the Indira Gandhi International Airport's T3 from T2 from September 5. While SpiceJet would shift its entire operations, the largest private carrier IndiGo would move part of their local flights. With rising air traffic and a surge in flight movement from the IGI airport, private airport firm Delhi International Airport Ltd (DIAL) is in the process of upgrading the T2 terminal. "Post completion of capacity enhancement of T2, the terminal will be able to handle 18 million passengers per annum (MPPA), up from current 15 MPPA (now)," DIAL said in a statement. Videh Kumar Jaipuriar, CEO of the airport firm, said that with Delhi airport witnessing a surge in passenger traffic, DIAL is enhancing the capacity of T2. "The move will ease the pressure of fast-growing traffic so that the capacity enhancement works at Terminal 2 can be carried out effectively and efficiently. We appre...

Motorcycle sales, which contributed 84 percent to total business, slipped to 3.22 lakh units in the month gone by, falling 3 percent YoY. Bajaj Auto has reported a 5 percent year-on-year fall in July sales on account of continued subdued domestic demand. The company sold 3.81 lakh units in July 2019, down from 4 lakh units sold in the same period last year. The stock corrected 17 percent in the last three months. It was quoting at Rs 2,478.00, down Rs 39.50, or 1.57 percent on the BSE at 1018 hours IST. Domestic sales fell 13 percent year-on-year to 2.05 lakh units, but exports increased 8 percent to 1.76 lakh units in July 2019, the company said in its BSE filing. "We don't see any green shoots in demand yet. Domestic 2-wheeler volumes might continue to decline in August," Rajiv Bajaj, Managing Director said in an interview to CNBC-TV18. He said he is perplexed by the registration fee hike proposal recently announced by the government....

Spot gold was up 0.2% at $1,427.26 per ounce as of 0322 GMT. The metal hit $1,452.60 in the previous session, its highest since May 2013, before closing 1.5% lower. Gold prices gained on Monday following a steep fall in the previous session as tensions in the Middle East and weaker financial markets supported the metal, while a stronger dollar kept a lid on gains. Spot gold was up 0.2% at $1,427.26 per ounce as of 0322 GMT. The metal hit $1,452.60 in the previous session, its highest since May 2013, before closing 1.5% lower. U.S. gold futures were up 0.1% at $1,428.50 an ounce. "Over the weekend, what happened between Iran and the United Kingdom is supporting gold prices today," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. "Also, equities are lower and at this point of time with geo-political tensions and the Fed looking to cut rates, gold looks attractive, but people are worried about the stronger dollar....

Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the U.S. Gulf after Hurricane Barry swept through over the weekend, while Chinese economic data dimmed the outlook for crude demand. Brent crude futures were down 10 cents, or 0.2%, at $66.38 a barrel by 0028 GMT. They fell 0.4% overnight. U.S. crude fell by 10 cents, or 0.2% to $59.48 a barrel. The U.S. benchmark fell about 1% in the previous session. Both contracts last week made their biggest weekly gains in three weeks as U.S. oil inventories fell and diplomatic tensions rose in the Middle East. But as producers on Monday began restoring some of the nearly 74% of output that was shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, concerns about oversupply returned to the fore. And while Chinese data on Monday showed industrial output and retail data beat expectations, overall figures showed the country's slowest quarterly economic growth in ...

China's crude oil throughput rose to a record in June, up 7.7% from a year earlier, following the start-up of two new, large refineries, official data showed on Monday. Crude processing volumes last month reached 53.7 million tonnes, or about 13.07 million barrels per day (bpd), beating the previous record in April of 12.68 million bpd, according to figures from the National Bureau of Statistics (NBS). The hefty processing rates were supported by the start up of two major new refineries. Private firm Hengli Petrochemical ramped up its 400,000-bpd refinery in Dalian to full capacity in late May and Zhejiang Petrochemical began trial runs at a similar-sized facility on the east coast. "The high output data was mainly due to the two new plants, but still the figure exceeds our estimates as many refineries were shut for maintenance," said Wang Zhao, an analyst with Sublime Information Co, a local consultancy, based in Zibo in eastern China's Shandong p...

Gold prices rose on Friday and were on track to post a weekly gain, consolidating above $1,400 as renewed Sino-U.S. trade tensions amid global growth jitters and prospects of an interest rate cut by the U.S. Federal Reserve stoked safe-haven demand. Spot gold was up 0.3% at $1,407.69 per ounce as of 0426 GMT. Gold has risen nearly 0.6% so far this week. U.S. gold futures were up 0.2% at $1,409.90 an ounce. "We have a slightly weaker U.S. dollar, tensions in the Middle East and once again, prolonged trade dispute between the U.S. and China, which are all supportive," said Michael McCarthy, chief market strategist, CMC Markets. Fed Chair Jerome Powell indicated on Thursday that a rate cut is likely at the Fed's next meeting as businesses slow investment due to trade disputes and a global growth slowdown. Meanwhile, U.S. President Donald Trump said China was not living up to promises it made on buying agricultural products from American farmers. ...

We expect the current market momentum to carry forward, which could lift the Nifty towards the 11,700-11,720 levels. It was 'bull's day out' on July 11 as Nifty staged a smart comeback amid all-round buying momentum in scrips across sectors. The Nifty found support around its 100-DMA of 11,450 and then bounced back. The index also created higher lows for the third consecutive day, which is another positive development. Going forward, we expect the current market momentum to carry forward, which could lift the Nifty towards the 117,00-11,720 zone, also its 50-DMA resistance. The Bank Nifty found support around its 50-DMA, which stood at 30,600. The index has managed to hold above the rising trendline support zone of 30,400, which indicates that the higher top-higher bottom structure continues to remain intact. Going forward, the Bank Nifty has the potential of moving higher towards 31,000-31,200 in the near term. Support is seen around the 30,400 ma...