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Cong, Trinamool fills papers for both bypoll seats

Congress and Trinamool Congress candida-tes filing nominations for bypolls in both Sealdah and Bowbazar Assembly seats, the
difference between the alliance partners deepened on Wednesday. State-level leaders of both parties are now hoping the dispute will be resolved in Delhi before August 1, the last date for withdrawing nominations.
Trinamool candidates Swarnakamal Saha and Sikha Mitra (wife [...]

Sensex lacklustre ahead of this session

Indian markets were choppy ahead of settlement of July series F&O expiry. Buying activity was seen in realty and banks while pharma and capital goods were marginally lower. Positive opening of European markets also provided support.
“The winning ways appeared almost contagious for bulls at the start of the week, but the key indices have decided [...]

Tata Steel expected 47% fall in first quarter

Tata Steel posted a worse-than-expected 47% fall in first quarter net profit on weak prices, but India’s second-largest steel producer
said higher volumes and lower costs will improve profitability in the second quarter.
The flagship company of the Tata group, which is also the world’s sixth-largest steel producer, saw its standalone net profit falling to Rs 790 [...]

Sensex pares losses

The key benchmark index cut losses to climb above 15,000 levels after the European markets opened in the positive zone. Realty, metals and capital goods stocks continued to remain under pressure.
The Sensex was down 131 points at 15,200 and the Nifty shed 45 points to trade at 4,519.
On the sectoral front, the BSE realty index [...]

US stocks market is holding up,

The stock market is holding up, just not pressing ahead as the economic signs look a little less promising.
Stocks had their fourth straight day of minimal moves on Wednesday as commodity prices slid and orders for big-ticket manufactured goods fell, injecting more uncertainty into the market.
Investors are uneasy but aren’t giving up on stocks. The [...]

Markets flat in the early deals

The key benchmark indices were flat in the early deals today. The benchmark Sensex was down 15 points at 15,158 levels and the Nifty lost 11 points to trade at 4,502 levels.
Realty, metals and capital goods stocks were under pressure. The realty index on the BSE fell 0.6 per cent and the metal index slipped [...]

Rupee low against US dollar

The Indian rupee on Thursday declined by 28 paise to a one-week low against the dollar in early trade on month-end dollar demand from importers and firmness in the US currency against major Asian currencies.
At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.58 a dollar, a loss of 28 paise [...]

Nifty turns positive;

Key indices were volatile Thursday as market headed for settlement of July series F&O expiry. IT, realty and banks were amongst top performers while capital goods and metals were subdued.
National Stock Exchange’s Nifty was at 4526.40, up 12.90 points or 0.29 per cent. The index touched an intra-day high of 4530.70 and low of 4474.50.
Bombay [...]

Quick profits from a short-term trading strategy

They profess to be long-term investors, but the lure of quick profits from a short-term trading strategy is irresistible for most fund
managers. And sometimes that means blurring the line that separates a legitimate trading strategy from one based on privileged information.
With companies seeking to raise capital being forced to price their off-market share placements to [...]

Indian power firm NHPC Ltd will kick off

Indian power firm NHPC Ltd will kick off a $1.25 billion IPO next week in the first share sale by a state company since the Congress
party’s unexpectedly strong re-election in May spurred investor hopes for pro-market reforms.
Despite opposition from labour groups and leftist parties, the government is forecast by some watchers to offload roughly $5 [...]