Market advances in close ahead of IIP numbers.

The market advanced in trade and towards the close with the BSE Sensex closing at 35,692 points and the NSE Nifty closing at 10,842 points, after touching 10,850, towards the close. The market gained in trade throughout the session and traded higher after the success of the Trump-Kim meet. Pharma and bank stocks were the top index gainers while the infrastructure stocks lost in trade today.

Jun 14, 2018 12:16 PM

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Jun 12, 2018 3:35 PM

Market advances in close ahead of IIP numbers.

The market advanced in trade and towards the close with the BSE Sensex closing at 35,692 points and the NSE Nifty closing at 10,842 points, after touching 10,850, towards the close. The market gained in trade throughout the session and traded higher after the success of the Trump-Kim meet. Pharma and bank stocks were the top index gainers while the infrastructure stocks lost in trade today.

Jun 12, 2018 3:34 PM

Asia fuel oil margins to be supported through mid-year on strong demand.##Asia fuel oil margins to be supported through mid-year on strong demand.

Asian refining margins for fuel oil are set to hold near their current strong levels through the summer as increased use of the fuel by utilities to power air conditioners for cooling and disruptions to trade flows shrink global supplies.

"Robust power generation demand in the Middle East (notably Saudi Arabia) should result in lower fuel oil outflows from the region," said Iman Nasseri, managing director of energy consultancy FGE's Middle East office.

While fuel oil markets typically strengthen during the northern hemisphere summer months, four trade sources said fuel oil margins have demonstrated additional strength this year by shrugging off sharp gains in crude oil prices, which in mid-May climbed to their highest since November 2014.

(From Reuters)

Jun 12, 2018 3:18 PM

The market remains upbeat towards the close, the Nifty holds 10,800.

Jun 12, 2018 3:14 PM

Urjit Patel, RBI governor, assures to take steps to strengthen the banking system.

Jun 12, 2018 3:12 PM

Moody's raises counter-party risk assessment of PNB, BoB, Axis and ICICI Bank.

Jun 12, 2018 3:04 PM

Fortis is losing more than 3% in trade after deferring its fourth-quarter results.

Jun 12, 2018 2:44 PM

Market trades strong, the Nifty is inching towards 10,850.

Jun 12, 2018 2:39 PM

Market advances in trade, Nifty holds 10,800.

The market is trading higher in the last trading hour with the BSE Sensex trading at 35,652 points and the NSE Nifty trading at 10,833 points after the success of the Trump-Kim meet. Lupin, Dr Reddy's Labs, SBI, HUL and IndusInd Bank are the top index gainers of the hour while Bharti Airtel, Hindalco, Tata Steel, Coal India and Eicher Motors are the top index losers.

Jun 12, 2018 2:29 PM

May retail inflation may rise on higher energy prices, a CNBC-TV18 poll said.##May retail inflation may rise on higher energy prices, a CNBC-TV18 poll said.

India's retail inflation likely to rose in May on the back of a surge in global crude prices, according to a poll of economists conducted by CNBC-TV18.

Inflation measured by consumer price index (CPI) likely to jump between 4.8 percent and 5 percent last month, the poll suggested. It stood at 4.6 percent in April.

Higher energy prices and increased government spending in the run up to 2019 general election will keep pressure on inflation going ahead, analysts said.

As India imports nearly 80 percent of its oil needs, any surge in global crude prices poses a threat not just to inflation but also to the recovering economy.

Read the full story here

Jun 12, 2018 2:16 PM

Unitech's fourth quarter net loss widens to nearly Rs 1,000 crore.##Unitech's fourth quarter net loss widens to nearly Rs 1,000 crore.

Crisis-hit realty firm Unitech today reported a consolidated net loss of Rs 999.83 crore for the quarter ended March 31, 2018, despite higher income. The Gurugram-based developer had posted a net loss of Rs 290.19 crore in the year-ago period, according to a regulatory filing.

Total income however jumped over two fold to Rs 977.59 crore during January-March, 2017-18 from Rs 480.36 crore in the year-ago quarter.

Despite sharp rise in income, the company has posted net loss due to higher operational expenditure and an exceptional item of Rs 928 crore.

(From PTI)

Jun 12, 2018 2:10 PM

From PIB| Here's what the telecom minister has to say on the initiatives taken up by telcos.

Jun 12, 2018 2:08 PM

The market remains upbeat, the Nifty holds 10,800.

Jun 12, 2018 2:01 PM

Gold dips on strong dollar post Trump-Kim meeting; Fed in focus.##Gold dips on strong dollar post Trump-Kimmeeting; Fed in focus.

Gold prices edged lower on Tuesday as the dollar strengthened following a positive US-North Korea summit, with markets now waiting for a likely interest rate hike by the US Federal Reserve.

Spot gold was down 0.1 percent at $1,297.96 per ounce at 0719 GMT and US gold futures for August delivery were 0.1-percent lower at $1,301.90 per ounce.

"The dollar has been a big driver for some time now and investors are certainly taking more from that than from easing geopolitical risks in recent runs ... I suspect that will be the key driver for the short term," said ANZ analyst Daniel Hynes.

The dollar hit a three-week high against the yen on Tuesday and Asian shares gained as US President Donald Trump and North Korean leader Kim Jong Un signed a "comprehensive" deal at a historic summit aimed at the denuclearisation of the Korean peninsula.

(From Reuters)

Jun 12, 2018 1:52 PM

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