Falling continuously for a week in a row, gold prices today nosedived by Rs 185 to Rs 16,790 per ten grams in the bullion market here on hectic selling induced by weak global cues.
Standard gold and ornaments plunged by Rs 185 each to Rs 16,790 and Rs 16,640 per ten grams, respectively, while sovereign shed [...]

Call rates declined to end at 3.30 per cent on the overnight call money market here today in view of ample liquidity in banking system.
While, government bond prices showed a mixed trend owing to alternate bouts of buying and selling.
The call money rate finished lower at 3.30 per cent from yesterday’s closing level of 4.50 [...]

The rupee on Thursday depreciated by 23 paise against the US currency on fresh demand for dollar from banks and importers in spite of
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persistent capital inflows from foreign funds into the equity markets.
At the Interbank Foreign Exchange (Forex) market, the domestic currency closed 23 paise lower at 45.61/62 a dollar. It hovered in a [...]

Japan’s Nikkei average hit a seven-week closing high on Thursday, with exporters such as Sony Corp climbing after U.S. wholesale inventories fell unexpectedly in January and in wake of the yen’s dip to a two-week low the previous day.
The benchmark Nikkei gained 101.03 points or 1 percent to 10,664.95, its highest close in roughly seven [...]

Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting Britain’s FTSE 100, Germany’s DAX and France’s CAC 40 to fall as [...]

European stock markets fell modestly on Thursday amid growing concerns of an overheating Chinese economy and as investors awaited further insight into the state of the U.S. economic recovery.
In Europe, the FTSE 100 index of leading British shares was down 31.49 points, or 0.5 per cent, at 5,609.08 while the CAC-40 in France was 22.14 [...]

Stocks dipped in early trading after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back.
Overseas markets were mixed Thursday on concerns rapid inflation could force China to raise interest rates.
Meanwhile, the Labor Department says workers filing for jobless benefits for the first time fell slightly less than expected. [...]

Although the market did not react negatively to the unsuccessful attempt by Reliance Industries (RIL) to acquire petrochemicals major LyondellBasell (some analysts cheered the development), the key challenge for the RIL would be how to drive the next phase of growth.
The company, which commissioned two mega-projects last year — the new refinery and KG basin [...]

State-run Life Insurance Corp has sold about 1.9 million shares, or 5.9 percent stake, in Tilaknagar Industries Ltd at 100.5 rupees a share, according to a filing by Tilaknagar to the BSE on Thursday.
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A share sale in India’s top iron ore miner NMDC saw interest reviving on the second day of book building, with bids for 79 percent of the shares on offer.
The offer had received bids for only 17 percent of its size on Wednesday.
According to data on India’s National Stock Exchange website, most of the bids [...]