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For the day, the USD-INR pair is expected to quote in the range of 66.60 and 67.20(Spot), says Motilal Oswal. The Indian rupee opened lower by 8 paise at 66.83 per dollar on Friday versus previous close 66.75. After remaining under pressure in the past few sessions, yesterday, the rupee consolidated against the US dollar.  Weakness in the rupee had been triggered on back of sharp rise in global crude oil prices and fund outflow by FIIs in the equity and debt segment.  Yesterday, they sold another USD 100 million, now getting the cumulative figure for this month to almost USD 2billion, said Motilal Oswal.Continued fund outflows by FIIs in the equity and debt segment could weigh on the rupee. For the day, the USD-INR pair is expected to quote in the range of 66.60 and 67.20(Spot), it added. Two days Free Trials and best services packages for dealing in Stock market click here to get >> Share Market Tips One Missed call on @9644405056

Axis Bank took a hit of 3 percent in the first few minutes after the bank reported the dismal set of numbers for the March quarter as provisions trebled Market Check: The market has extended its gains from the opening minutes, with the Sensex rising over 250 points, while the Nifty has managed to clock 10,700 as well. The market breadth strongly favored the advances. Midcaps are trading strong, seeing gains of half a percent, but were underperforming the benchmarks. All sectoral indices, barring IT, are trading in the green. Shares of Reliance Industries has crossed Rs 1,000 mark ahead of Q4 earnings. Meanwhile, Bharti Airtel and Wipro are the laggards in the morning trade, being the top losers on Sensex and Nifty. Rupee Update: The Indian rupee opened lower by 8 paise at 66.83 per dollar on Friday versus previous close 66.75. After remaining under pressure in the past few sessions, yesterday, the rupee consolidated against the US dollar. Weakness in ...

Gold prices languished near five-week lows on Friday, set for a weekly decline of more than 1 percent on a stronger dollar, higher US Treasury yields and easing geopolitical concerns. FUNDAMENTALS * Spot gold was steady at USD 1,317.03 an ounce at 0042 GMT, not far from a low of USD 1,315.06 an ounce hit in the previous session - its weakest since March 21. * The metal was on track to fall over 1 percent this week, its second consecutive weekly drop and the biggest decline in four weeks. * US gold futures were unchanged at USD 1,318 an ounce. * The dollar index was steady near a 3-1/2 month peak hit on Thursday, supported by strong US economic data and the US 10-year bond yield, which earlier this week hit its highest level since early 2014. * Smiling and holding hands, North Korean leader Kim Jong Un and South Korean President Moon Jae-in met at the heavily fortified demilitarised zone between the countries on Friday in the first summit for the two K...

Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent. Results Date: Havells India informed BSE that a meeting of board of directors of the company is scheduled to be held on May 11 to consider and approve the standalone and consolidated audited financial results for the fourth quarter and financial year ended March 31, 2018 (FY18) and to recommend dividend for the financial year ended March 31, 2018. Gold Update: Gold prices were little changed after falling to their lowest in five weeks in the previous session, pressured by a stronger dollar, which held near more than three-month highs, and a rise in US Treasury yields. Spot gold was up 0.05 percent at USD 1,323.66 per ounce, after falling by as much as 0.9 percent to USD 1,318.51 in the previous session, its lowest since March 21. US gold futures gained 0.1 percent USD 1,324.7 an ounce, reports CNBC. Buzzing: Shares of Mahindra & Mah...

Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks. Market Update: Benchmark indices opened flat on Thursday, the expiry day for April derivative contracts. The 30-share BSE Sensex was up 46.40 points at 34,547.67 and the 50-share NSE Nifty rose 5.40 points to 10,575.90. Yes, Bank gained half a percent and Axis Bank was down 0.75 percent ahead of earnings later in the day. NIIT, M&M Financial, DHFL, Mindtree, Parag Milk Foods, Biocon, Rallis India and Tata Elxsi gained up to 3 percent. ICICI Lombard, Jindal Stainless, Reliance Naval and PC Jeweller slipped up to 9 percent. Technical Recommendations: We spoke to ICICIdirect and here’s what they have to recommend: Emami Ltd.: BUY| CMP Rs1122| Target Rs1360| Stop Loss Rs1012| Return 21% Time Frame 6 months Royal Orchid Hotels: BUY| CMP Rs220| Target Rs259| Stop Loss Rs205| Return 17%| Time Frame 1 months Majesco: BUY| CMP Rs561| Target Rs632| Stop Lo...

The board of directors of the company will meet on May 3, to recommend a dividend for the financial year 2017-18 and/or to recommend issue of bonus shares to the equity shareholders. Shares of Emami have surged 7% to Rs 1,204 on the BSE in early morning trade after the company engaged in manufacturing & marketing of personal care & healthcare products business announced a bonus issue plan. “The meeting of Board of Directors of the Company will be held on May 03, 2018, to approve audited annual accounts of the Company for the year ended March 31, 2018, to consider and if thought fit, to recommend a dividend for the said year and/or to recommend issue of bonus shares to the equity shareholders,” Emami said in a regulatory filing. Earlier, on June 26, 2013, Emami had rewarded its shareholders by issuing bonus shares in the ratio of 1:2 (i.e. one bonus equity share of Re 1 each for every two fully paid equity shares of Re 1 each held). The stock was t...

BENGALURU - Gold prices on Thursday stayed close to five-week lows hit in the previous session, pressured by a stronger dollar, which hovered near more than three-month highs, and a rise in U.S. Treasury yields. FUNDAMENTALS * Spot gold was little changed at $1,323.34 per ounce at 0101 GMT. The yellow metal on Wednesday hit a low of $1,318.51 an ounce, its lowest since March 21. * U.S. gold futures gained 0.1 percent at $1,324.60 an ounce. * The dollar index, which measures the greenback against a basket of currencies, was steady at 91.177 after rising to as much as 91.261 in the previous session, its highest since Jan. 12. * Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields. * The benchmark U.S. Treasury 10-year yield edged above 3 percent on Wednesday as jitters about growing federal borrowing spurred more selling in the U.S. government bonds, paving the path for it to visi...