Gold pared gains in Europe on Friday as the dollar lifted from one-month lows versus the euro, after better-than-expected U.S. retail sales data boosted expectations the economy may be on the road to recovery.
The metal rose as high as $1,119.05 an ounce in earlier trade as the dollar’s decline helped it to recover from the [...]

Bond yields were largely steady on Friday after industrial production data came in line with market expectations and traders shifted focus towards Monday’s inflation data and bond auction calendar at month-end.
the yield on India’s benchmark 10-year bond was at 8 per cent, near Thursday’s close of 7.99 per cent. It had risen to 8.02 per [...]

The follow-on public offer of state-run mining major NMDC got subscribed 1.23 times on the final day of issue today, as institutional investors, both domestic and foreign, showed interest in the issue.
The FPO got bids for 40.94 crore shares, representing a demand of 1.23 times of the 33.22 crore shares on offer, as per the [...]

The rupee strengthened on Friday, aided by dollar sales by a large corporate and overall weakness in the U.S. currency, but intermittent
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dollar purchases by oil firms capped the rise.
The partially convertible rupee ended at 45.43/44 per dollar, from Thursday’s close of 45.61/62.
“Dollar selling by a corporate supported the rupee in early trade but oil [...]

Laszlo Birinyi will never forget the moment a year ago when the last ounce of confidence disappeared. Everyone from billionaire Warren Buffett to New York University Professor Nouriel Roubini was convinced that the economy was in a free-fall , that exploding deficits would devastate the dollar and that home prices were heading down as much [...]

Japan’s Nikkei average hit its highest close in seven weeks on Friday, with exporters such as Shin-Etsu Chemical higher, helped by expectations for a weaker yen amid speculation that the Bank of Japan may take additional steps to ease monetary policy. The benchmark Nikkei rose 0.8 per cent to 10,751.26, its highest finish since Jan. [...]

Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel.
The yen dipped, dented by speculation the Bank of Japan could further loosen its monetary policy in the near term, while the dollar eased ahead of what is expected to be [...]

Global stocks rose to seven week highs on Friday led by bank shares after talks on U.S. banking reform collapsed, while speculation the Bank of Japan may soon ease monetary policy weighed on the yen.
Oil held its ground above $82 a barrel, poised for a second consecutive weekly increase on views that energy demand would [...]

The BSE Sensex rose for the second session and gained 0.4% on Thursday on late buying in banks and software companies after global markets erased some of their losses.
Bank shares climbed as investors placed bets on their long-term prospects in an advancing economy while export-oriented software companies gained on hopes of improving order flow. The [...]

After rallying by 287 points from 4860 to 5147 level in six days after the Union Budget was presented, Nifty has been consolidating between 5090 and 5150 in the past four trading sessions. It is likely to find stiff resistance in the 5150-5180 zone and some profit-booking is likely to emerge soon, taking it lower [...]