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Gold price eases on firm dollar ahead of central bank meetings

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Spot gold was down about 0.3 percent at $1,219.91 an ounce at 0335 GMT. U.S. gold futures were 0.3 percent lower at $1,219.10 an ounce. Gold prices slipped on Monday as the dollar stood tall against its peers ahead of key central bank meetings and U.S. inflation and payrolls data this week. Spot gold was down about 0.3 percent at $1,219.91 an ounce at 0335 GMT. U.S. gold futures were 0.3 percent lower at $1,219.10 an ounce. The dollar rose slightly in Asia against major rivals on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. The greenback also traded close to a 13-month high versus China's yuan. "The dollar-CNH is putting pressure on gold. We've got a lot of central bank meetings this week but I think the big one for us is probably the Federal Open Market Committee (FOMC). The Bank of Japan is probably going to move the dollar/yen a bit tomorrow," a Hong Kong-based tra...

Asia cautious ahead of central bank, data fest

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Technology and energy shares led Japan's Nikkei down 0.4 percent in early trade, while tech also featured in South Korea's 0.2 percent decline. Asian share markets drifted lower on Monday while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results, and updates on US inflation and payrolls. Technology and energy shares led Japan's Nikkei down 0.4 percent in early trade, while tech also featured in South Korea's 0.2 percent decline. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.03 percent. The week ahead features quarterly earnings from more than 140 S&P 500 companies, including Apple Inc. Disappointing results from Intel Corp and Twitter Inc soured the mood on the Nasdaq on Friday, though the S&P 500 and Dow still ended firmer for the week. Analysts at JPMorgan cited relatively aggressive moves into “value” stocks - in particular banks - and away from shares pa...

Market Live: Sensex gives up most gains, Nifty above 11,250; SBI up 3%

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The 50-share index is trading around 11,300-mark. Shares of Bank of Baroda and RIL are likely to be in focus as investors react to Q1 trends. Market Update: Equity benchmarks have given up all of their gains, dragged by a selling in midcaps, IT as well as pharmaceuticals space. The Nifty continues to trade above 11,250-mark.  The Sensex is down 14.84 points or 0.04% at 37322.01, and the Nifty down 8.90 points or 0.08% at 11269.50. The market breadth, however, is positive as 1,208 shares advanced, 748 shares declined, while 118 shares are unchanged. Shares of State Bank of India, HPCL and ONGC have gained the most on both indices, while Kotak Mahindra Bank and Wipro were the top losers.  New Listing: Women's apparel maker TCNS Clothing started off the first session on a tepid note, opening flat at around issue price of Rs 716 and then slipped in to red with a percent loss. The 1,125-crore initial public offer had received good response from institutional...

Buy or sell: Top stock trading ideas by market experts which are good short term bets

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Buying Indian Oil Corporation with stop loss at Rs 161 and target of Rs 171, NBCC (India) with stop loss at Rs 67 and target of Rs 75 and Jindal Steel & Power with stop loss at Rs 198 and target of Rs 212. The 30-share BSE Sensex, which hit record high for the 21st time in 2018, closed 352.21 points higher at 37,336.85, driven by ITC which was the biggest gainer with 5 percent rally after Q1 earnings. According to Pivot charts, the key support level is placed at 11,231.2, followed by 11,184.1. If the index starts moving upwards, key resistance levels to watch out are 11,304.4 and 11,330.5. The Nifty Bank index closed at 27,634.40, up 228 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,505.9, followed by 27,377.4. On the upside, key resistance levels are placed at 27,712.0, followed by 27,789.6. Here are the top stock trading ideas which can give good returns in the near term: Buy Phillips Car...

Ripples Advisory : Nifty likely to open flat; 3 stocks which could give 5-11% return

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Wall Street's major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector, said a Reuters report. The Nifty50 is likely to open flat on Monday following muted trend seen in other Asian markets. The index closed 111 points higher at 11,278 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 10 points or 0.09 percent. Nifty futures were trading around 11,327- level on the Singaporean Exchange. Wall Street's major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector, said a Reuters report. Asian share markets drifted lower on Monday while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls, it said. Technology and energy shares led Japan's Nikkei down 0.4 percent in early trade, while tech al...

Top buy & sell ideas by Ripples Advisory

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Mitessh Thakkar's view that one can buy Ajanta Pharma with a stop loss of Rs 1074 and target of Rs 1140, Balrampur Chini with a stop loss of Rs 68 and target of Rs 76 and sell Britannia Industries with a stop loss of Rs 6432 and target of Rs 6260. The 30-share BSE Sensex, which hit the record high for the 21st time in 2018, closed 352.21 points higher at 37,336.85, driven by ITC which was the biggest gainer with 5 percent rally after Q1 earnings. According to Pivot charts, the key support level is placed at 11,231.2, followed by 11,184.1. If the index starts moving upwards, key resistance levels to watch out are 11,304.4 and 11,330.5. The Nifty Bank index closed at 27,634.40, up 228 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,505.9, followed by 27,377.4. On the upside, key resistance levels are placed at 27,712.0, followed by 27,789.6. Buy Motilal Oswal Financial Services with a stop loss of ...

Mukesh Ambani's Reliance Jio Q1 net profit rises 20% to Rs 6 billion

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Jio's growth came as its rival Airtel reported a net loss of Rs 9.4 billion in its India operations during the quarter ended June Reliance Industry's telecom arm Jio Infocomm reported a net profit of Rs 6.1 billion for April-June quarter, a rise of 20 percent from Rs 5.1 billion during the year-ago period. The average revenue per user (ARPU), however, fell marginally to Rs 134.5 (from Rs 137 last quarter) but continued to be higher than the industry average. Operating revenue jumped 13.8 percent sequentially to Rs 81 billion in line with Street estimates from Rs 71.28 billion last quarter. The company reported earnings before interest, tax, depreciation, and amortization (EBIDTA) of Rs 31.5 billion growing 16.8 percent quarter on quarter, while margins improved by 101 basis points (bps). Jio reported a capex of Rs 170 billion. "We've witnessed good traction from our postpaid services, while ARPU was largely driven by higher data consumption. The ARPU decl...