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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...

FPIs have pulled out nearly Rs 17,000 crore in the cash segment of Indian equity markets in July, and nearly Rs 10,000 crore so far in the month of August. The Securities and Exchange Board of India (SEBI) has done away with the broad-based eligibility criteria for foreign portfolio investors (FPIs) to simplify the registration process, which is a step in the right direction but the regulator has to do more to bring back foreign investors, suggest experts. Foreign institutional investors started pulling out money from Indian markets after the finance minister in the budget proposed a higher tax surcharge - from 15 percent to 25 percent for incomes between Rs 2 crore and Rs 5 crore, and from 15 percent to 37 percent for higher incomes on non-corporate FPIs. FPIs have pulled out nearly Rs 17,000 crore in the cash segment of Indian equity markets in July, and nearly Rs 10,000 crore so far in August, SEBI data showed. "The changes brought in by SEBI to si...

There were pending sell orders of 499 shares, with no buyers available. Shares of Riga Sugar Companylocked at 5 percent lower circuit after the resignation of its CFO. Satya Ranjan Mallick has resigned from the post of chief financial officer (CFO) of the company with effect from August 16, 2019. There were pending sell orders of 499 shares, with no buyers available. At 1129 hrs, Riga Sugar Company was quoting at Rs 6.88, down Rs 0.36, or 4.97 percent. 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.

आईडीबीआई बैंक (IDBI Bank), ओरिएंटल बैंक ऑफ कॉमर्स (Oriental Bank of Commerce) और बैंक ऑफ महाराष्ट्र (Bank of Maharashtra) के बाद अब इंडियन ओवरसीज बैंक (Indian Overseas Bank) ने भी एमसीएलआर (MCLR) में कटौती की है। बैंक ने एमसीएलआर 15 आधार अंक तक घटायी है। हाल ही में आरबीआई द्वारा रेपो दर में 35 आधार अंकों की कटौती किये जाने के बाद बैंकों ने अपनी न्यूनतम ऋण दर में कटौती की, जिससे उपभोक्ताओं को राहत मिलेगी। इंडियन ओवरसीज बैंक ने एक दिन के लिए 8.15% से घटा कर 8.05%, एक महीने के लिए 8.30% से घटा कर 8.20%, तीन महीनों के लिए 8.45% से कम करके 8.35%, 6 महीनों के लिए 8.50% से 8.40%, एक साल के लिए 8.65% के मुकाबले 8.50%, 2 साल के लिए 8.75% की जगह 8.60% और 3 साल के लिए 8.85% के मुकाबले 8.70% कर दी है। बता दें कि एमसीएलआर वह दर होती है, जिससे नीचे बैंक कुछ अपवाद स्थितियों को छोड़ कर ऋण नहीं दे सकता। एमसीएलआर की दर घटने से आवास, ऑटो, व्यक्तिगत और बाकी सभी प्रकार के ऋण सस्ते हो जायेंगे, क्योंकि ये सभी एमसीएलआर पर ही आधारित होते हैं। दूसरी तरफ बीएसई में इंडियन ओवरसीज बैंक का शेयर शुक्रवार ...

The state-owned company reported a 39 percent decline in consolidated net profit for the quarter ended June 30 at Rs 51 crore. NBCC plunged as much as 13.7 percent in the morning trade on August 9. The stock hit its 52-week low of Rs 34.35 on the BSE after the state-owned company reported a 39 percent decline in consolidated net profit for the quarter ended June 30. The company reported a net profit of Rs 51 crore, against s 82.85 crores in the year-ago period. The company reported a total consolidated net income of Rs 1,941.73 crore for the June quarter, a dip of 16 percent from Rs 2,307.81 crore recorded in Q1FY19. At 1000 hrs, NBCC was trading 12 percent lower at Rs 34.90. It hit a 52-week low of Rs 34.35 and peaked at Rs 38.50 so far in trade today. 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.

साल दर साल आधार पर 2019 की अप्रैल-जून तिमाही में एलआईसी हाउसिंग (LIC Housing) का मुनाफा 7.5% बढ़ा। 2018 की अप्रैल-जून तिमाही में 568 करोड़ रुपये के मुकाबले कंपनी ने 2019 की समान अवधि में 611 करोड़ रुपये का मुनाफा कमाया। इस दौरान एलआईसी हाउसिंग की शुद्ध ब्याज आमदनी 18% बढ़ कर 1,182 करोड़ रुपये और शुद्ध ब्याज मार्जिन 2.32% के मुकाबले 2.35% रहा। एलआईसी हाउसिंग के कुल ऋण आवंटन 9,594 करोड़ रुपये की तुलना में 7% अधिक 10,261 करोड़ रुपये के रहे। बता दें कि आईसीआईसीआई सिक्योरिटीज ने एलआईसी हाउसिंग के नतीजों को कमजोर बताया है, जिनमें कंपनी की संपत्ति गुणवत्ता बिगड़ी और उच्च प्रोविजन के कारण मुनाफा प्रभावित हुआ। इस बीच बीएसई में एलआईसी हाउसिंग का शेयर 501.75 रुपये के पिछले बंद स्तर के मुकाबले कमजोरी के साथ 495.00 रुपये पर खुल कर शुरुआती कारोबार में ही 485.90 रुपये के निचले स्तर तक गिरा है, जो इसके पिछले एक महीने का न्यूनतम भाव है। करीब 9.20 बजे कंपनी के शेयरों में 12.25 रुपये या 2.44% की कमजोरी के साथ 489.50 रुपये के भाव पर सौदे हो रहे हैं। वहीं पिछले 52 हफ्तों की अवधि में इसके शेयर क...

Zee received one binding offer and is expecting another one in the next few days. One offer is from a financial investor & another from a strategic investor. Shares of Zee Entertainment Enterprises gained nearly 3 percent intraday on July 24 after strong earnings performance in June quarter (Q1). But global brokerage houses were mixed in opinion as they eagerly await promoter stake sale deal that they expect in next few days. The stock was quoting at Rs 363.45, up to Rs 2.50, or 0.69 percent on the BSE at 1022 hours IST. The media & entertainment company, on July 23, reported a 62.56 percent year-on-year growth in June quarter profit at Rs 530.57 crore and 47 percent growth in domestic subscription revenue in Q1. Total subscription revenue increased 36.7 percent year-on-year to Rs 708.8 crore with domestic subscription business growing 46.7 percent YoY in Q1. Revenue during the quarter grew 13.3 percent driven by the strong performance of domestic br...

Spot gold was mostly unchanged at $1,413.20 per ounce, as of 0306 GMT. Gold prices held steady on Tuesday as investors awaited U.S. retail sales data that could serve as an indicator of the strength of the world's largest economy amid lingering concerns over global economic slowdown. Spot gold was mostly unchanged at $1,413.20 per ounce, as of 0306 GMT. U.S. gold futures were up 0.1% at $1,414.90 an ounce. "Today we are sought of getting neutralised because we are heading into retail sales tonight. Investors are positioning realising there could be a knee-jerk reaction lower again if retail sales numbers come out strong," said Stephen Innes, managing partner, Vanguard Markets. However, "I don't think it (retail sales data) is going to make a huge difference in overall scheme of things as far as the Fed narrative goes," Innes added. The U.S. data, due later in the day, is expected to imply that retail sales had edged up 0.1% 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...

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...

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सस्ते घरों के लिए ब्याज पर मिलेगी 3.5 लाख रुपये की छूट।- निर्मला सीतारमण 400 करोड़ रुपये के रिटर्न पर कंपनियों पर लगेगा 25 फीसदी का कॉर्पोरेट टैक्स।- निर्मला सीतारमण अब कॉर्पोरेट टैक्स के दायरे में महज 0.7 पर्सेंट कंपनियां। दृष्टिहीन लोगों के लिए 1, 2, 5 और 10 रुपये के विशेष सिक्क तैयार किए जाएंगे। इलेक्ट्रिक वाहनों की खरीद पर टैक्स 12 पर्सेंट से घटकर होगा 5 फीसदी। ब्याज पर भी मिलेगी राहत।- निर्मला सीतारमण। कॉर्पोरेट टैक्स का दायरा बढ़ाया गया। 400 करोड़ रुपये से कम के टर्नओवर वाली कंपनियों को मिलेगी छूट।- निर्मला सीतारमण Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free Trial give a missed call @9644405057 and Get Share Market Services.

बुनियादी सुविधाओं के विकास के लिए केंद्र सरकार अगले 5 साल में 100 लाख करोड़ रुपये का निवेश करेगी।- वित्त मंत्री बीते 4 सालों में 4 लाख करोड़ रुपये के एनपीए की रिकवरी की गई है। बीते एक साल में एनपीए घटकर 1 लाख करोड़ रुपये रह गया है।- निर्मला सीतारमण प्रवासी भारतीयों को स्वदेश वापसी के तत्काल बाद आधार कार्ड दिया जाएगा। अब तक 180 दिन करना पड़ता था इंतजार।- वित्त मंत्री सार्वजनिक क्षेत्र के बैंको को ऋण संबंधी जरूरतों के लिए 70,000 करोड़ रुपये और उपलब्ध कराए जाने का प्रस्ताव। उन देशों में भारतीय दूतावास स्थापित होंगे, जहां अब तक नहीं था भारत का कोई राजनयिक मिशन।- निर्मला सीतारमण। Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free Trial give a missed call @9644405057 and Get Share Market Services.

Gold jumped more than 1.5% on Friday, breaking above $1,400 for the first time since September 2013, as hints of a rate cut from the U.S. Federal Reserve took a toll on the greenback and U.S. Treasury yields. Tensions in the Middle East also boosted gold's rally, which has lifted the precious metal nearly $80 or 5% this week and almost 10% so far this year. Spot gold was up 1.4% at $1,406.81 per ounce as of 0305 GMT, after earlier hitting its highest since Sept. 4, 2013, at $1,410.78. Gold is set to post its biggest weekly gain since the week ended April 29, 2016, and was also on track for its fifth consecutive weekly rise. U.S. gold futures rose 1% to $1,410.70 an ounce. "The dovishness of the Fed and ECB, geopolitical tensions in the Middle East, and a technical breakout above $1,350 with volumes gave strong support for the metal," said Jigar Trivedi, a commodities analyst at Mumbai-based Anand Rathi Shares & Stock Brokers. "Mome...

Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and U.S. Treasury yields lower. Spot gold jumped 1.4% to $1,378.70 per ounce as of 0252 GMT, after hitting its highest since March 17, 2014 at $1,383.81. U.S. gold futures surged 2.5% to $1,382.70 an ounce. The Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies. "The weakness in the dollar seen due to the rate cut expectations and a lot of short covering due to the sudden jump in prices are behind the sharp move...

Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week. Brent crude futures were up 34 cents, or 0.6%, at $62.48 a barrel by 0028 GMT. They rose 2% on Tuesday. U.S. West Texas Intermediate crude gained 44 cents, or 0.8%, to $54.34 a barrel. The U.S. benchmark surged 3.8% in the last session. In a post on Twitter, U.S. President Donald Trump said preparations were starting for him to meet Chinese President Xi Jinping at the G20 summit in Osaka next week. That comes after talks to reach a broad deal on trade between the United States and China broke down last month after Washington accused the Chinese of backing away from previously agreed commitments. Interaction between the two sides since then has been limited, and Trump has threatened, repeatedly, to slap more tariffs on Chinese products in an escalation...

Oil prices fell more than 1% on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. Brent crude futures, the international benchmark for oil prices, were down 87 cents, or 1.4%, at $61.42 a barrel by 0231 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 85 cents, or 1.6%, at $52.41 per barrel. The U.S. Energy Information Administration (EIA) cut its forecasts for 2019 world oil demand growth and U.S. crude oil production in a monthly report released on Tuesday. The EIA lowered its 2019 world oil demand growth forecast by 160,000 barrels per day (bpd) to 1.22 million bpd and wound back its forecast for 2019 U.S. crude production to 12.32 million bpd, 140,000 bpd less than the May forecast. A surprise increase in U.S. crude stockpiles also kept oil prices under pressure. "Investors have been concerned about the recent rise in stoc...

Gold climbed more than 1.5% on Monday to its highest level in more than three months on concerns that U.S.-Chinese trade tensions and Washington's threat of tariffs on Mexico would hurt the global economy. Spot gold climbed 1.4% to $1,323.62 per ounce by 2:26 p.m. EDT (1826 GMT), after rising as much as 1.6% to its highest price since Feb. 28 at $1,325.72. U.S. gold futures settled up 1.28% at $1,327.90 an ounce. "There are concerns still surrounding the trade wars, whether it be surrounding the tariffs with Mexico or the tariffs with China. There is a 'flight to safety' buying going into metals," said Bob Haberkorn, senior market strategist at RJO Futures. Relations between the United States and China got another jolt when the two nations clashed again at the Shangri-La Dialogue in Singapore on Sunday. Mexican Foreign Minister Marcelo Ebrard said U.S. President Donald Trump's threat of punitive tariffs on Mexico would be devastating an...

Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after U.S. President Donald Trump vowed to levy tariffs on all Mexican imports, ratcheting up concerns of a global economic slowdown. The new threat of tariffs on Mexico, coupled with a string of soggy economic data from the United States this month and the long-drawn Sino-U.S. trade war, also translated into increased bets that the U.S. Federal Reserve could cut interest rates this year. Spot gold was up 0.2% at $1,290.68 per ounce at 0322 GMT. It has risen about 0.6% so far this month. The metal is also on track for a second consecutive weekly gain, up about 0.4% over the week. U.S. gold futures rose 0.3% to $1,290.50 an ounce. An infuriated Trump on Thursday vowed to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of illegal immigrants into the United States ceases. Asian shares and sove...